MCB Group launches new representative office in Nairobi

…the stronger presence will help the Group gauge opportunities and build relationships in Kenya’s fast growing financial sector

Mauritian-based MCB Group has today officially opened its representative office in Nairobi. MCB Group, which operates the oldest and largest bank in Mauritius, will bank on its new office to gauge opportunities in the Kenyan market and build strategic relationships. This is according to a statement by MCB’s CEO, Mr. Alain Law Min, who was present at the office opening. Also present at the launch was board chairman, Jean-François Desvaux de Marigny . The two were part of a 16-person high-level delegation from Mauritius that attended the launch.

Commenting on why MCB chose Kenya, as well as the Group’s plans for this market, Alain Law Min said:

“We want to position MCB Group as a strong and competitive regional financial hub, leveraging Mauritius as an international financial centre of repute and substance. We are keen in enriching the appeal and adaptability of our value proposition across markets and segments, whilst upholding organization-wide synergies and collaborative partnerships. We believe we can create and develop fruitful partnerships with the business community here. Whilst there is no immediate intention to open branches and banking halls in Kenya and East Africa, the Nairobi Rep office will enable MCB to better gauge the opportunities and develop strong relationships in this region. Our presence has so far enabled us to forge partnerships with banks and corporates and hence develop our banking and non-banking product and services offers. In this respect, our Kenya rep office can be a doorway to Mauritius and MCB Group, and our array of products and services can be put to good use by Kenya corporates and banks as well”.