Chase Bank gets US$10 million Equity investment from DEG

The German development finance institution DEG, a subsidiary of German development bank KfW, has invested US$10million in equity into Chase Bank Kenya, the bank said.
The German development finance institution DEG, a subsidiary of German development bank KfW, has invested US$10million in equity into Chase Bank Kenya, the bank said.
The Kenyan shilling firmed on Friday and traders expect foreign investors to strengthen it further, attracted by a government bond sale next week.
Kenya wants to host a clearing house for China's yuan currency - a bold African first that would deepen the continent's ties with Beijing, already a big investor from The Cape to Cairo.
Kenya has offered its 46 newly-discovered oil blocs for interested Nigerian investors in the oil and gas industry to develop.