South Africa’s Absa Group offers $238.6m to increase 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… 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.