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* JPMorgan Chase & Co. Chairman and CEO Jamie Dimon told Bloomberg Television that the U.S. banking giant plans to expand to Africa, notably in Ghana and Kenya.
EAST AFRICA
*The Central Bank of Kenya maintained its benchmark lending rate at 10%.
* Meanwhile, Central Bank of Kenya Governor Patrick Njoroge said the country's economy is being "held back" by the interest rate cap law adopted by the government in 2016, Reuters reported. The regulator, however, still predicts that growth will increase to 6.2% in 2018 from around 5% in 2017. Njoroge also cautioned the public against investing in cryptocurrencies, which are not recognized as a legal tender in the country, Business Daily Africa reported.
* Telkom Kenya Ltd CEO Aldo Mareuse said the telecommunications firm is ready to launch its mobile money platform as soon as it secures a license, which is in the "final stages" of the process, from the Central Bank of Kenya, according to Business Daily Africa.
* U.S.-based equity fund Kuramo Capital completed its purchase of a minority stake in Sterling Capital, Business Daily Africa reported. Kuramo Capital and two other shareholders are now set to inject 200 million Kenyan shillings into the Kenya-based investment bank.
* Mkombozi Commercial Bank Plc named George Shumbusho managing director, The Citizen reported. Shumbusho, previously head of Treasury at Exim Bank (Tanzania) Ltd., replaces...