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.
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
Africa’s biggest bank prepares takeover push in East Africa’s most important banking market
Six markets Africa's biggest bank is targeting in its hunt for $15.4bn in revenue - Businessday NG
US investors push Sh258bn African investment drive
Absa’s $238 million move to increase its stake in Absa Bank Kenya highlights growing competition among African banking giants…
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…
The proposed offer price comes after Absa Bank Kenya’s share price had rallied to hit an all-time high of Sh33 before easing to…
Standard Bank wants to become Kenya’s largest lender by 2030, betting on acquisitions, infrastructure financing and East Africa’s…
The large blue chips tend to have a larger exposure to foreign investors due to high liquidity, which supports large ticket…
