Absa Bank Kenya Interim CEO Yusuf Omari addressing investors at Movenpick hotel in Nairobi on August 18, 2026, during the 2026 half year financial results briefing.
More than 64,000 minority shareholders of Absa Kenya snubbed an offer from the lender’s top shareholder to buy part of their shares, scuttling the bid by the South African parent to increase its stake to as much as 85 percent.
Absa Group says it bought 189.38 million shares from the bank’s minority shareholders from the 895.9 million stocks the multinational had offered to purchase, representing a 21.1 percent subscription.
