ABSA Kenya surpassed in-house expectations over the first half of 2024 recording a remarkable 28.9% y/y growth in net earnings to KES 10.71Bn.
The Board of Directors recommended an Interim Dividend of KES 0.20 per share.
Recommendation - We maintain our BUY recommendation on ABSA Kenya on account of strong return on equity momentum and promising revenue growth prospects.
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AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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