Nairobi, Nov. 2 -- Half of the top 20 African banks are building a multi-billion-shilling war chest for Kenya's banking industry in the race to grab a share of one of East Africa's most profitable financial services markets.

The lenders are injecting fresh capital into their Kenyan subsidiaries, seeking stakes in local banks or closing buyout deals, enabling local shareholders to pocket billions of shillings in the high-stakes battle.

Published by HT Digital Content Services with permission from Business Daily....