The NSE now has 5 counters valued KSh 200Bn or more for the very first time in history after Coop Bank joined the club.
Equity also trades at a peak valuation of over KSh 300Bn.
● Safaricom ➠ KSh 1.30Tn
● Equity Group ➠ KSh 301.89Bn
● KCB Group ➠ KSh 235.39Bn
● EABL ➠ KSh 213.51Bn
● Co-op Bank ➠ KSh 205.35Bn
● Absa Kenya ➠ KSh 176.53Bn
● Kenya Pipeline ➠ KSh 165.01Bn
● NCBA Group ➠ KSh 149.10Bn
● StanChart ➠ KSh 127.24Bn
● Stanbic Holdings ➠ KSh 114.64Bn
● I&M Group ➠ KSh 108.76Bn
What Is a Tender Offer?
A public invitation by an investor, here Absa Group, for existing shareholders of a listed company to sell their shares directly to it at a set price, within a defined window of time, rather than through normal market trading.
Why use a tender offer instead of buying on the market?
Absa wants 895,989,600 shares fast, at a known price. Buying gradually through the NSE would push the price up and could take months given Absa Bank Kenya's typical liquidity. A tender offer secures it all at once.
Why the premium?
KSh 34.50 carries a 20.0%, 18.9%, and 28.2% premium to the 30, 90, and 180-day volume-weighted average prices respectively, compensating shareholders for selling now instead of later on the open market.
Is it the same as a takeover?
No. A majority owner buying more shares would normally trigger a mandatory take-over under CMA rules. Absa sought an exemption instead, framing this as a strategic top-up, and Absa Bank Kenya stays listed on the NSE.
Is tendering shares compulsory?
No, it's entirely voluntary. Shareholders who choose not to tender keep their shares and remain investors in the company exactly as before, with no change to their existing position.
What happens to the price during the offer period?
Tender offers typically firm up the market price, since the KSh 34.50 floor gives investors a clear reference point. Absa Bank Kenya shares already hit an all-time high of KSh 33 ahead of the announcement.
𝐎𝐧 𝐓𝐡𝐢𝐬 𝐃𝐚𝐲: 18 June 2009
Equity Group Holdings cross-listed on the Uganda Securities Exchange, marking a key milestone in its regional expansion strategy beyond its Nairobi Securities Exchange listing in 2006.
The move broadened its investor base and reinforced its positioning within East Africa’s increasingly integrated banking and capital markets ecosystem.
🚨Major News
Absa Group Limited has announced a tender offer to acquire up to 895,989,600 additional ordinary shares in Absa Bank Kenya PLC $ABSA, representing 16.5% of the issued share capital, for KES 34.50 per share.
The transaction would increase Absa Group's stake from 68.5% to 85%.
The offer is at a 20% premium to the 30-day volume-weighted average price and an 18.1% premium to the 17 June 2026 closing price.
The offer is conditional on Capital Markets Authority approval and an exemption from mandatory takeover regulations.
If approved, the tender offer will open 30 June 2026 and close 11 August 2026. Absa Group intends to maintain Absa Kenya's Nairobi Securities Exchange listing following completion.
For the first time, the Nairobi Securities Exchange has 11 companies valued at KSh 100 billion or more after I&M Group Holdings joined the club.
● Safaricom Plc ➠ KSh 1.28T
● Equity Group ➠ KSh 298.12Bn
● KCB Group ➠ KSh 230.57Bn
● EABL ➠ KSh 205.80Bn
● Co-operative Bank ➠ KSh 185.11Bn
● Kenya Pipeline ➠ KSh 165.38Bn
● Absa Bank Kenya ➠ KSh 158.60Bn
● NCBA Group ➠ KSh 145.39Bn
● Standard Chartered ➠ KSh 127.43Bn
● Stanbic Holdings ➠ KSh 114.94Bn
● I&M Holdings ➠ KSh 101.80Bn
The lender's share price hit a record high of KSh 60.00 on Wednesday, June 17, before closing at KSh 58.50, pushing its market capitalization to KSh 101.80Bn.
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David Maraga: If you give me the privilege of leading this country, I will dedicate my presidency to dismantling the culture of impunity... a civilised government is one which obeys the law.
Standard Investment Trust Fund has joined Sanlam in the US$1Bn AUM club, the only two managers above that mark.
Mansa-X, launched in January 2019, drove the rise, with AUM doubling from KSh 77.0Bn in June 2025 to KSh 153.15Bn (US$1.18Bn) in Q1 2026.
The top 2 now hold 36.9%, down from 53.1% held by CIC and Britam in Q1 2021.
Car & General (Kenya) $CGEN share price crosses KSh 100 for the first time.
🟢 +93.24% YTD - Best at NSE
The milestone follows a 365% jump in FY2025 profit after tax to KSh 2.45Bn, driven by the Watu Credit partnership and a boom in motorcycle sales.
The European Union Delegation to Kenya and Equity Group Foundation have signed a cooperation agreement to send 100 Kenyan scholars annually to European universities for master's degree programmes.
The deal, signed by EU Ambassador Henriette Geiger and Equity Group CEO James Mwangi, formalises a structured pathway for Equity Leaders Program scholars to access European academic opportunities.
Kenya is already one of Erasmus+'s most active Sub-Saharan African partners, with around 600 Kenyan students travelling to Europe each year.
🚨 Listing Alert
Family Bank has received Capital Markets Authority approval to list on the Nairobi Securities Exchange by way of introduction, with trading set to begin on June 23, 2026.
The move will allow existing shareholders to trade their shares without the bank raising fresh capital.
Family Bank said the listing follows years of preparation and comes after it raised KSh 8 billion in a 2025 private placement.