Business Daily | by Victor Juma
South Africa’s Standard Bank has been given more time to buy an additional 14.8 million shares with a current market value of Sh1.2 billion in its Kenyan subsidiary Stanbic Holdings.
The multinational started accumulating more shares in the Nairobi Securities Exchange-listed firm in July 2018 and had raised its stake in the lender to 71.16 percent as of November last year.
Standard Bank has been buying the shares in the open market through its investment vehicle Stanbic Africa Holdings Limited (SAHL)…
