JP Morgan, the largest bank in the United States and the world by market capitalization, has opened a regional office in Nairobi, Kenya, to oversee its East African businesses and operations. The move is part of the bank's African expansion strategy, as it already has a presence in Nigeria, Egypt, and South Africa. The bank's CEO, Jamie Dimon, expressed interest in expanding its services to large multinationals in Kenya and Ghana, where local investment banking firms lack expertise in handling large transactions. The bank's entry into East Africa is expected to create job opportunities, build sustainable local businesses, and attract more foreign investment to the country. JP Morgan's move was hailed as a "vote for Kenya's emerging success in the global marketplace" by Kenya's President, William Ruto.

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