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Africa’s banking giants are converging on Kenya as battle for East Africa intensifies
Absa’s $238 million move to increase its stake in Absa Bank Kenya highlights growing competition among African banking giants seeking expansion in East Africa’s largest economy
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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.
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businessday.co.za
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…
