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South Africa firms in Sh413bn swoop on Kenya blue-chips
The firms have been attracted by the faster pace of economic growth in the East African economy compared to their home market.
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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…
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africa.businessinsider.com
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
