T
Originally published by The Standard Business
📰 Read Full Article
July 7, 2026
3h ago

The grand return: South African corporates back in droves despite historical fail

The grand return: South African corporates back in droves despite historical fail

A recent multi-billion-shilling deals signal, renewed investor confidence despite previous exits by South African firms...

✨ Key Highlights

South African corporations are making a significant return to Kenya, announcing over Sh400 billion in acquisitions and stake increases within a seven-month period.

  • Recent deals involve Nedbank acquiring NCBA, Absa Group increasing its stake in Absa Bank Kenya, and Vodafone boosting its holding in Safaricom.
  • Zaad International, now owned by a consortium including Phatisa and South Africa's Government Employees Pension Fund, has increased its stake in East African Seed Company from 40% to 100%.
  • This marks a substantial wave of South African investment in major Kenyan companies, indicating renewed confidence despite previous challenges.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement
Advertisement