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Originally published by Capital Business
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business
September 11, 2026
1h ago

South African FirstRand eyes Kenyan bank acquisition at right price

South African FirstRand eyes Kenyan bank acquisition at right price

FirstRand CEO Mary Vilakazi told South African news website BusinessDay that the group has been looking for opportunities in Kenya for some time but has yet to identify a deal that meets its requirements...

✨ Key Highlights

South African banking group FirstRand is interested in acquiring a Kenyan lender but will only proceed if the price is right, according to its CEO.

  • FirstRand, parent of First National Bank (FNB), has been seeking opportunities in Kenya but emphasizes they will not "overpay for any asset."
  • The group has total assets of 2.7 trillion rand and operates across several African markets.
  • This interest comes as other African banks, including Nedbank Group and Zenith Bank, have recently made acquisitions in Kenya, a market with strong banking profits.

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