Absa eyes Kenya buyout in race for retail market

Absa Bank along Muindi Mbingu Street in Nairobi.

Photo credit: File | Evans Habil | Nation Media Group

South Africa’s Absa Bank is exploring plans to buy another Kenyan lender in a move that would help it grow its share of the retail banking market.

The bank is actively looking at several acquisition options to expand its lending capacity, targeting households and small businesses, in the race to reclaim its former top position.

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