JP Morgan plans to set up operations in Côte d’Ivoire by the end of 2024, cementing the country’s status as an economic hub in West Africa. Having recently secured approval to operate in Kenya, the bank is targeting these two markets as strategic pillars of its African expansion. Jamie Dimon, CEO of JP Morgan, has highlighted the importance of these economies, marking a renewed interest in the continent from international financial players. The bank will offer commercial, investment and treasury banking services in Côte d’Ivoire, a move that could boost local business financing and economic growth.
Source: Africa News Agency