Absa Group is reported to be nearing a deal to combine its banking operations in Tanzania, as the lender seeks to increase the scale of its East African business, according to people familiar with the matter. Bloomberg reports the transaction would involve aggregating banking assets of about $3 billion. Moneyweb similarly says the deal would combine R49.2 billion in banking assets. The reports indicate the proposed restructuring is aimed at consolidating Absa’s Tanzania interests rather than creating a new line of business. No final terms or timelines are provided in the available accounts, and both descriptions frame the matter as being at an advanced discussion stage rather than completed. The potential transaction size is consistently characterized across outlets, with the asset figures cited in different currencies. The sources do not detail expected ownership structure, regulatory approvals, or how the combined operations would be managed.