Absa Bank Kenya has been diversifying its business in recent years, adding new units including custody, asset management and bancassurance.
By
Kepha Muiruri
Business Reporter
Nation Media Group
Absa Bank Kenya has signalled a pivot towards private sector lending from investments in government securities as its South African parent pushes the local unit to diversify its revenue base.
Banks have been looking to grow their non-interest income streams through digital channels.
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…
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…
After buying into NCBA and Safaricom, South Africans want more shares in Absa Bank Kenya, formerly Barclays Bank, which defined…
The ratings agency says Absa’s planned stake hike in Kenya unit carries low execution risk
