Equity, KCB buyouts: The making of $15b region’s banking giants
Kenya’s two biggest banks, Equity and KCB, are locked in an acquisitions and expansion race that has seen them build an asset base of more than $15 billion spread across 10 African countries. PHOTO | FILE | NATION MEDIA GROUP
Kenya’s two biggest banks, Equity and KCB, are locked in an acquisitions and expansion race that has seen them build an asset base of more than Ksh1.5 trillion ($15 billion) spread across 10 African countries.
The two lenders have in recent months announced a flurry of local and cross-border acquisitions, fuelling their dream of becoming pan-African lenders with geographical spread and financial muscle to compete with their much bigger South and West African rivals.
