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.

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.