Absa Bank becomes the latest lender to stage major share price gains catalysed by mergers and acquisitions announcements.

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

South Africa's Absa is offering about $239 million to raise its Absa Bank Kenya stake to 85%, the latest South African banking push into East Africa.