South Africa’s Absa offers $238.6m to raise stake in Kenyan unit

South Africa’s Absa Group plans to aggressively deepen its East African footprint by investing KSh30.9bn ($238.6m) to increase its stake in Absa Bank Kenya to 85%, reinforcing a broader trend of South African banks deploying capital to capture faster-growing regional markets.

South Africa’s Absa offers $238.6m to raise stake in Kenyan unit
South Africa’s Absa Group plans to aggressively deepen its East African footprint by investing KSh30.9bn ($238.6m) to increase its stake in Absa Bank Kenya to 85%, reinforcing a broader trend of South African banks deploying capital to capture faster-growing regional markets.