
According to TechTrends KE, South African firms have announced over Sh400 billion in acquisitions, raising questions about their investment focus on Kenya. This trend is attributed to Kenya's economic growth, as East Africa is reportedly outperforming many larger African economies. The recent transactions indicate a strategic interest in the region by South African companies.
AI summary. Verify with the original source.
Read full story at TechTrends KE ↗
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumSimilar stories

South African firms are intensifying their investments in Kenya's corporate sector, with planned acquisitions totaling approximately Sh413 billion. This strategy aims to use Nairobi as a gateway into East and Central Africa. Notably, Absa Group has announced intentions to increase its stake in Absa Bank Kenya from 68.5 percent to a higher percentage.
Sharp Daily·June 22, 2026 at 6:52 AM
According to Soko Directory, South Africa continues to play a significant role in Africa's wealth landscape, but its dominance is gradually decreasing. The report highlights that East and West Africa are emerging as key contributors to the continent's next wealth boom.
Soko Directory·June 24, 2026 at 8:40 AM
According to Daily News, global investors are increasingly choosing Tanzania as a strategic investment destination due to its political stability, access to regional markets, abundant resources, reliable infrastructure, and a supportive government. These factors are seen as more significant than just tax incentives, making Tanzania an attractive option for international manufacturing companies.
Daily News (TZ)·June 25, 2026 at 6:50 AM
East Africa's tourism sector is experiencing significant growth, with Kenya receiving 2.7 million international visitors in 2025, up from 2.39 million in 2024. This 12.97% increase has led to a record tourism revenue of Sh500 billion. Experts suggest that enhancing tech infrastructure could further boost this growth, addressing challenges such as fragmented booking systems and reliance on cash transactions.
Business Today (KE)·June 24, 2026 at 7:34 AM
GenAfrica Asset Managers is celebrating its 30-year anniversary while focusing on expanding its operations in Africa. The firm aims to leverage emerging investment opportunities driven by innovation to enhance its portfolio. Currently, GenAfrica manages assets for over 110 clients across the region and is looking to strengthen its market position, managing assets exceeding a significant amount.
KBC·June 24, 2026 at 2:37 PM
The AI Everything Kenya × GITEX Kenya summit concluded in Nairobi, focusing on the challenges facing Africa's AI ambitions, including public trust, startup capital, and intellectual property frameworks. The event, which took place at the Kenyatta International Convention Centre, brought together technology executives, government officials, venture investors, and international institutions, attracting over 280 participants.
Uganda Business News·May 22, 2026 at 6:05 AM