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Absa joins other SA banks in Kenya expansion
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 that marks a growing push by South African banks to mark their territory in the East African market.
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africa.businessinsider.com
Africa’s biggest bank prepares takeover push in East Africa’s most important banking market
Standard Bank wants to become Kenya’s largest lender by 2030, betting on acquisitions, infrastructure financing and East Africa’s growth despite rising economic risks
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businessdailyafrica.com
Absa Group offers Sh31bn for extra 16.5pc stake in Kenya unit
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 close at Sh29.4 on Thursday.
