EFG-Hermes suspends Nigerian expansion, readies Kenyan entry as regulators back license bid

EFG-Hermes Holding SAE, the Cairo-based investment bank expanding into frontier markets, may only start operations in Nigeria in 2018 because of the country’s challenging economic conditions. The Eyptian based investment bank plans to start operations in Kenya in the second half as regulators prepare to approve the lender’s brokerage license….