Absa nears Tanzania deal to combine R49.2bn of banking assets
Absa Group is nearing a deal to combine its banking interests in Tanzania as the lender looks to increase the scale of its East African businesses, according to people familiar with the matter.
Africa’s banking giants are converging on Kenya as battle for East Africa intensifies
Kenya is rapidly emerging as Africa’s most contested banking market, with major lenders racing to expand in East Africa’s largest economy as competition for regional growth intensifies.