Kenyan bank sends over 100 business customers for market exposure trip to China

NAIROBI, Oct. 14 (Xinhua) -- Kenya's regional financial institution NCBA Bank said Monday it has sent more than 100 business customers to China for a market familiarization tour to enable them to explore business deals.

The trip, hosted by NCBA Bank for its Commercial and SME (small and medium enterprise) Banking customers, is part of the bank's ongoing commitment to empowering its SME and commercial enterprises clients by exposing them to global trade connectivity, emerging markets, and diverse industry opportunities.

Tirus Mwithiga, group director for retail banking at NCBA, said in a statement issued in Nairobi, the capital of Kenya, that the bank's commitment is to play a critical role in supporting the growth of the Kenyan economy.

Mwithiga said SMEs and commercial enterprises play a significant role in the development of Kenya's economy.

"Therefore we have innovated tailor-made financial solutions, experiences and opportunities for our customers, over and above core banking, as a catalyst to scaling their businesses," he said.

NCBA operates across the East Africa region.

According to it, participants will not only source for trading equipment and goods but also receive firsthand insights into the latest business trends, technological advancements, and market dynamics that define China's status as a global trade powerhouse. They will have the chance to engage with industry leaders, visit key business districts, and explore opportunities in sectors such as green energy, manufacturing, technology, logistics, and more in major cities such as Hong Kong, Foshan, Guangzhou, and Shenzhen.

The bank said that to create value for customers, it will provide a range of financial solutions to further support its customers' business growth, including exclusive preferential foreign currency rates for U.S. dollars, business banking loans, and financing options for imported goods.