Category Archives: ABSA

Business Rumours from South Africa

Barclays Kenya to become Bank Absa?
Barclays and Absa are planning to create the biggest bank in the African market. In a second phase to the transaction, Barclays plans to sell its African businesses outside of SA to Absa which is expected to happen within the next two years.

MTN coming to Kenya?
MTN is committed to following its growth roadmap in Africa, despite hurdles associated with investing in the cellular telecommunications sector on the continent. Behind the scenes, MTN is finalising a deal in East Africa.