Absa's grew net profits by 29%, an impressive rate considering the headwinds faced in the market. They've announced a dividend of KES 0.2 per share, this is good news for all investors and is the primary reason we all do it. The loan book shrank by half a percent and NPLs are up 22%, other than that the company reported good results.
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Amsons group, a Tanzanian conglomerate has seen an opportunity in the regional construction industry and is buying up companies. They bought a majority stake in Mbeya Cement of Tanzania in 2023 from Holcim Group, they've now made an offer to buyout Bamburi Cement of Kenya. Their offer of KES 65 per share would give shareholders, on date of announcement, a KES 20 premium(~45%). What's the opportunity?
