Absa Group has stepped up its pan-African expansion strategy in search of a larger market share and profits. Following its 2017 separation from Barclays, the bank is consolidating its presence across African countries, such as Zambia and Uganda, via buyout deals.
Absa Group CEO Kenny Fihla sat down with the Business Daily to share the lender’s plan for the Kenya acquisition and its quest for a larger portion of retail banking.