(Nairobi) – Absa Group is boosting its funding capacity to tap a growing wave of real estate investment across East Africa.
Absa Group Ltd., South Africa’s third‑biggest lender, is witnessing a surge in interest from real estate investors across East Africa and plans to strengthen its balance sheet to meet growing financing needs.
Sandile Mpanza, who heads commercial property finance for Africa within Absa’s corporate and investment banking arm, identified Kenya as the group’s most dynamic market among its eleven operations outside South Africa. He highlighted Nairobi’s expanding property sector as a cornerstone for Absa’s regional strategy.
“Kenya is the most dynamic market,” Mpanza said, noting that the country’s diverse and sizeable economy, valued at USD 132 billion (approximately KES 20.5 trillion), anchors Absa’s ambitions in the region.
The bank’s move to shore up its capital base comes as East African governments pursue infrastructure and housing projects that draw both local and international developers. Absa aims to provide tailored loans and investment packages to support these ventures.
Kenya’s property market has shown steady growth, fueled by urbanization and rising demand for commercial and residential space. Absa’s increased lending capacity is expected to help finance new developments in Nairobi, Mombasa and other urban centers.
By focusing on balance‑sheet expansion, Absa intends to offer competitive mortgage products and construction financing, addressing a gap often cited by real estate stakeholders as a barrier to project completion.
Industry analysts view Absa’s strategy as timely. With many global banks scaling back in emerging markets, Absa’s commitment signals confidence in East Africa’s long‑term prospects.
| Key Fact | Detail |
|---|---|
| Institution | Absa Group Ltd. |
| Origin | South Africa’s third‑largest lender |
| Regional Focus | East Africa |
| Target Market | Kenya |
| Operations Outside South Africa | 11 countries |
| Kenya’s Economy (2025) | USD 132 billion (approx. KES 20.5 trillion) |
| Strategic Aim | Bolster balance sheet to meet real estate financing demand |