JPMorgan Chase plans African expansion
"We want to add a country or two (enter or deepen presence) in Africa, every couple of years or so," Dimon said, ahead of his trip to the continent. He emphasised the importance of being on the ground.After overcoming previous regulatory hurdles, JPMorgan has received approval to set up a representative office in Kenya. Dimon underscored the need for US firms to compete globally. He sees long-term benefits in growing the bank's footprint across Africa.Attribution: ReutersSubediting: M. S. Salama
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mid East Info
4 hours ago
- Mid East Info
Viory Expands African Network with Mali's National Broadcaster - Middle East Business News and Information
ABU DHABI, UAE,August 2025 – Viory, the video news agency of the Global South, has signed a Memorandum of Cooperation MoC with Mali's national broadcaster, the Office de radiodiffusion et de télévision du Mali (ORTM). The agreement strengthens Viory's presence in West Africa and marks a major step in its mission to elevate Global South voices on the international stage As Mali's national broadcaster, ORTM plays a vital role in informing and connecting millions of people across the country. Under this MoC, Viory and ORTM will collaborate on international news coverage, cultural and public event promotion, technical cooperation, digital innovation, and knowledge sharing, strengthening broadcasting capabilities and ensuring stories from Mali and the wider West African region reach global audiences with greater visibility. Zulayho Siddikova, General Manager of Viory, said: 'Partnering with ORTM, Mali's most prominent broadcaster, is a moment of real significance for Viory. It allows us to expand our presence in West Africa and ensure that the perspectives of Mali and its people are represented globally. ORTM's reach and reputation make it an invaluable partner as we continue building a strong, diverse network across the Global South.' Mr. Hassane Baba Diombélé, Director General of ORTM, added: 'Our MoC with Viory represents a new chapter for ORTM in expanding our reach and capabilities across borders. Working together with the video news agency of the Global South allows us to amplify Malian stories, connect with broader audiences, and enrich the diversity of media content available to our viewers.' This agreement comes amid a period of rapid growth for Viory in Africa. In recent months, Viory has signed MoCs with Agence Tunis Afrique Presse (TAP) and the O.I.C States Broadcasting Union (OSBU) at the Arab Radio and Television Festival in Tunisia, as well as the Ethiopian Broadcasting Corporation. These partnerships reflect Viory's growing role in uniting media organizations across the continent, supporting shared growth, and ensuring African perspectives are more prominently represented in global coverage. With ORTM joining this growing network, Viory strengthens its presence in the region and underscores Mali's role as a cultural and media hub, while advancing Viory's mission to ensure African stories shape global narratives. ABOUT VIORY: Viory is the video news agency of the Global South. Focused on empowering and amplifying diverse perspectives from its geographical, geopolitical, and developmental global heartland, Viory is a trusted source for vital news stories in and from the Global South. From its headquarters in the vibrant Middle Eastern hub of Abu Dhabi, UAE, Viory's rapidly expanding team comprises some of the news world's leading industry professionals working together to provide clients with the tools, exclusive materials, and resources necessary to tell the full story. Its extensive coverage encompasses a diverse range of topics spanning breaking news, politics, technology, sports, business, entertainment, and more. Viory's library boasts over 160,000 videos, with approximately 50 new videos added daily. Additionally, its digital platform offers over 100 hours of live streams monthly, in six languages. Sourcing footage from where stories break, Viory acquires and produces global and regional breaking news thanks to thousands of on-the-ground video journalists. This ever-expanding network serves unmissable content to everyone from international media conglomerates to regional news outlets and individual citizen journalists.
Daily News Egypt
8 hours ago
- Daily News Egypt
Cairo, Tokyo sign LOI to expand educational cooperation, support for persons with disabilities
Egypt's Minister of Education and Technical Education, Mohamed Abdel Latif, has signed a Letter of Intent with Abe Toshiko, Japan's Minister of Education, Culture, Sports, Science and Technology (MEXT), to broaden cooperation mechanisms in education, enhance support for persons with disabilities, and establish new partnerships in technical education and vocational training. The signing ceremony took place at the headquarters of Japan's Ministry of Education on the sidelines of Abdel Latif's participation in the Ninth Tokyo International Conference on African Development (TICAD9), held in Yokohama from 20 to 22 August. Abdel Latif affirmed the Ministry's commitment to building on the achievements of existing cooperation, particularly the Egyptian–Japanese Schools project, which he said will be highlighted during TICAD9 as a successful model that could be replicated across African countries. He expressed satisfaction at expanding the scope of collaboration to include greater support for students with disabilities and stronger partnerships in technical and vocational training, with a focus on transferring Japanese expertise in key areas such as agriculture. During the meeting, Abdel Latif also extended an official invitation to his Japanese counterpart to attend the inauguration of the Grand Egyptian Museum. For her part, Abe Toshiko welcomed the signing of the Letter of Intent, describing it as the outcome of continuous cooperation and joint efforts since Abdel Latif's visit to Japan last February. She reaffirmed her Ministry's full support for agreements signed between Egypt's Ministry of Education and Japanese partners such as Yamaha, Casio, and Sprix, noting that Tokyo remains keen to launch new initiatives, particularly in technical education and in supporting students with special needs. The Japanese minister further praised the Egyptian–Japanese Schools initiative, stressing her country's pride in this pioneering project. She revealed that the initiative will be featured as a showcase model at the 'EDUPORT' pavilion of Japan's Ministry of Education during TICAD9, highlighting it as an inspirational example of international cooperation in education.
Daily News Egypt
15 hours ago
- Daily News Egypt
Egypt's Al-Mashat participates in business forum to kick off Japan visit
Egyptian Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, began her visit to Tokyo on Tuesday by participating in the Egyptian-Japanese Business Forum, attended by Egyptian Prime Minister Mostafa Madbouly. The forum, which saw the signing of several cooperation agreements, was held ahead of Egypt's participation in the ninth Tokyo International Conference on African Development (TICAD 9), the ministry said in a statement. The Egyptian delegation to the TICAD summit, which runs from Aug. 20-22, is headed by Madbouly and will include other ministers and private sector representatives. The summit will be attended by the Japanese prime minister, as well as numerous African heads of state and government and heads of international and African organisations. During her visit, Al-Mashat is scheduled to hold a series of bilateral meetings with Japanese government officials and financial institutions to follow up on the development of strategic relations between the two countries. She will also present an overview of the developments in the Egyptian economy since the start of economic reform measures in March 2024. Additionally, Al-Mashat is set to meet with officials from the Japan International Cooperation Agency (JICA) to review the implementation of ongoing projects within the development cooperation portfolio. The planning ministry's statement described TICAD 9 as one of the most important international platforms for strengthening strategic partnerships between Japan and Africa. Egypt's participation affirms its pivotal role in supporting African issues and enhancing international cooperation to achieve development goals, the ministry said. Ahead of the trip, Al-Mashat met with the Japanese ambassador to Egypt and the chief representative of JICA to follow up on preparations for the conference and discuss cooperation priorities.
