JPMorgan Chase & Co. opened representative offices in Kenya and Ivory Coast to help the US bank expand in east and west Africa.

Kenya's central bank said on Monday that it had authorised JPMorgan Chase to establish a representative office in the East African country. Representative offices of foreign banks in Kenya serve as marketing and liaison hubs for their parent banks and affiliates,

JPMorgan Chase (NYSE:JPM) plans to enter Kenya and Ivory Coast this year as the biggest U.S. lender is set to expand its footprint in the continent, Reuters reported, citing CEO Jamie Dimon. "We want to add a country or two (enter or deepen presence) in Africa,

Very recently it was reported that JPMorgan Chase, an American international financial firm, was granted a license to operate in Kenya. This is part of the company’s plan to expand its footprint on the African continent.

JPMorgan Chase, the largest U.S. lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters. International markets are a growth area for JPMorgan,