Absa Bank Relaunches Its China Desk To Support The Growing Trade Between Kenya And China

Absa Bank Kenya PLC has announced the re-introduction of a China Desk to offer tailor-made solutions to the growing community of Chinese investors and businesspeople operating in Kenya and the East African region.
This strategic initiative underscores the Bank’s commitment to providing tailored financial solutions to support the growing trade between these two dynamic economies.
The new desk, which is fully staffed with Mandarin-speaking professionals will enable the bank to provide banking services such as project Financing, CPF financing, trade financing, Foreign Exchange and Hedging, Cross-Cultural Expertise, and access to a Global Network of experts.
Read Also: Unity Homes And Absa Bank Kenya Partner In Mortgage Financing From Ksh 49,500 Per Month
Absa Bank’s Managing Director & CEO Abdi Mohamed announced a dinner event attended by customers drawn from the Chinese business community in Kenya to mark the Chinese Mid-Autumn Festival on Saturday. He said the move is aligned with Absa’s strategic priority to become a regional powerhouse in Corporate and Investment Banking, leveraging its regional presence to provide enhanced efficiency for clients looking to grow and expand their businesses.
He said: “The establishment of the China Desk is a response to the increasing demand for financial services and expertise in facilitating trade and investment between Kenya and China. As the trade relations between the two nations continue to flourish, Absa Bank is well-positioned to offer specialized support to businesses and individuals engaging in cross-border transactions.”
China is one of Kenya’s top trading partners and remains the single leading source of Kenya’s imports, accounting for slightly over a quarter of total imports valued at KES 452.6 billion in 2022, according to the 2023 Economic Survey Report. On the other hand, Kenya’s exports to China were valued at KES 27.5 billion in 2022 compared to KES 21.9 billion in 2021, representing a 25.8 percent increase.
“Indeed, China has been a critical participant in Kenya’s economic growth and development story over the last two decades, supporting modern infrastructure projects that have laid a solid foundation for Kenya’s long-term economic growth. We recognize the immense potential for growth in this area and provide the financial tools and expertise required for businesses to thrive in both markets” added Mr. Mohamed.
The Mid-Autumn Festival is an evening celebration when families gather to light lanterns, eat moon cakes, and appreciate the round moon. On that night, the moon appears to be at its roundest and brightest. The full moon is a symbol of family reunion, the reason the day is also known as the Festival of Reunion.
Read Also: Absa Bank Kenya Boosts Kenyan Entrepreneurs With South Africa Business Tour
About Soko Directory Team
Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory
- January 2025 (118)
- February 2025 (114)
- January 2024 (238)
- February 2024 (227)
- March 2024 (190)
- April 2024 (133)
- May 2024 (157)
- June 2024 (145)
- July 2024 (136)
- August 2024 (154)
- September 2024 (212)
- October 2024 (255)
- November 2024 (196)
- December 2024 (143)
- January 2023 (182)
- February 2023 (203)
- March 2023 (322)
- April 2023 (298)
- May 2023 (268)
- June 2023 (214)
- July 2023 (212)
- August 2023 (257)
- September 2023 (237)
- October 2023 (264)
- November 2023 (286)
- December 2023 (177)
- January 2022 (293)
- February 2022 (329)
- March 2022 (358)
- April 2022 (292)
- May 2022 (271)
- June 2022 (232)
- July 2022 (278)
- August 2022 (253)
- September 2022 (246)
- October 2022 (196)
- November 2022 (232)
- December 2022 (167)
- January 2021 (182)
- February 2021 (227)
- March 2021 (325)
- April 2021 (259)
- May 2021 (285)
- June 2021 (272)
- July 2021 (277)
- August 2021 (232)
- September 2021 (271)
- October 2021 (304)
- November 2021 (364)
- December 2021 (249)
- January 2020 (272)
- February 2020 (310)
- March 2020 (390)
- April 2020 (321)
- May 2020 (335)
- June 2020 (327)
- July 2020 (333)
- August 2020 (276)
- September 2020 (214)
- October 2020 (233)
- November 2020 (242)
- December 2020 (187)
- January 2019 (251)
- February 2019 (215)
- March 2019 (283)
- April 2019 (254)
- May 2019 (269)
- June 2019 (249)
- July 2019 (335)
- August 2019 (293)
- September 2019 (306)
- October 2019 (313)
- November 2019 (362)
- December 2019 (318)
- January 2018 (291)
- February 2018 (213)
- March 2018 (275)
- April 2018 (223)
- May 2018 (235)
- June 2018 (176)
- July 2018 (256)
- August 2018 (247)
- September 2018 (255)
- October 2018 (282)
- November 2018 (282)
- December 2018 (184)
- January 2017 (183)
- February 2017 (194)
- March 2017 (207)
- April 2017 (104)
- May 2017 (169)
- June 2017 (205)
- July 2017 (189)
- August 2017 (195)
- September 2017 (186)
- October 2017 (235)
- November 2017 (253)
- December 2017 (266)
- January 2016 (164)
- February 2016 (165)
- March 2016 (189)
- April 2016 (143)
- May 2016 (245)
- June 2016 (182)
- July 2016 (271)
- August 2016 (247)
- September 2016 (233)
- October 2016 (191)
- November 2016 (243)
- December 2016 (153)
- January 2015 (1)
- February 2015 (4)
- March 2015 (164)
- April 2015 (107)
- May 2015 (116)
- June 2015 (119)
- July 2015 (145)
- August 2015 (157)
- September 2015 (186)
- October 2015 (169)
- November 2015 (173)
- December 2015 (205)
- March 2014 (2)
- March 2013 (10)
- June 2013 (1)
- March 2012 (7)
- April 2012 (15)
- May 2012 (1)
- July 2012 (1)
- August 2012 (4)
- October 2012 (2)
- November 2012 (2)
- December 2012 (1)