JP Morgan Chase & Company is opening a regional office in Nairobi, Kenya, following plans that were set in motion in 2018. The move is seen as a vote for Kenya’s emerging success in the global marketplace, and the bank is thought to be targeting US multinationals entering the region, as well as wealth funds and universities. The establishment of a regional office is expected to generate employment opportunities and encourage an influx of foreign investment to Kenya. The bank already operates regional offices in South Africa and Nigeria.