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.
Standard Bank prepares takeover push in East Africa’s most important banking market
South Africa’s Standard Bank, which operates in Kenya through Stanbic Bank, says it wants to become the country’s biggest lender by 2030, a goal that will likely require acquisitions, aggressive capital deployment and a direct challenge to market leaders KCB Group, Equity Group and Co-operative Bank.
Kenya pays $30 million Afcon fee, clears key hurdle for 2027 co-hosting
Kenya has confirmed its role as co-host of the 2027 Africa Cup of Nations (Afcon) after paying the $30 million hosting fee to the Confederation of African Football (CAF), ending weeks of uncertainty over its participation.