The firms have been attracted by the faster pace of economic growth in the East African economy compared to their home market.
By
Charles Mwaniki
Business Reporter
Nation Media Group
South African companies are betting Sh413 billion on acquisitions in Kenyan blue-chip firms, seeing them as a platform for a bigger foothold in the fast-growing East and Central African market.
Absa’s $238 million move to increase its stake in Absa Bank Kenya highlights growing competition among African banking giants…
A recent multi-billion-shilling deals signal, renewed investor confidence despite previous exits by South African firms.
The target is likely to intensify competition in Kenya's banking industry, where KCB Group, Equity Group and Co-operative Bank…
South Africa's Absa is offering about $239 million to raise its Absa Bank Kenya stake to 85%, the latest South African banking…
Absa on Friday announced it intends to up its stake in Kenyan subsidiary Absa Bank Kenya to 85% from 68.5% in a R4bn transaction…
After buying into NCBA and Safaricom, South Africans want more shares in Absa Bank Kenya, formerly Barclays Bank, which defined…
Africa’s banking giants are converging on Kenya as battle for East Africa intensifies
South Africa's Absa Bets $239 Million on Deeper Control of Its Kenyan Bank
Absa joins other SA banks in Kenya expansion
Africa’s biggest bank prepares takeover push in East Africa’s most important banking market
