South Africa’s Absa Group Ltd. plans to raise its stake in its Kenyan unit to 85% through a $238. 7 million tender offer, underscoring its confidence in East Africa’s growth prospects.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-18/absa-to-lift-kenya-unit-stake-to-85-in-239-million-tender)