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HomeDaily NewsWednesday, January 21, 2026Nedbank Bids for NCBA Stake, Global Supermart Opens Athi River Store, Tatu Coffee Wins National Award - January 2026
Business & Economy3 stories from 1 sources

Nedbank Bids for NCBA Stake, Global Supermart Opens Athi River Store, Tatu Coffee Wins National Award - January 2026

South African lender Nedbank Group has submitted a tender offer to acquire approximately 66 percent of NCBA Group's ordinary shares. The proposed acquisition aims for a controlling stake in the Kenyan financial services provider, valuing NCBA at 1.4 times its book value. In the retail sector, Chinese retailer Global Supermart has opened a new outlet at Crystal Rivers Mall in Athi River. The store is positioned as the mall's newest anchor tenant. This expansion strengthens the mall's role as a major shopping destination along the Mombasa Road corridor. In agriculture, Tatu Coffee Estates Limited secured first and third place in the National Taste of Harvest Kenya 2025–2026 Awards in the Washed Arabica Category.

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Wednesday 6:56 PMCapital Business

Nedbank submits offer to acquire 66pc stake in NCBA Group

Nedbank submits offer to acquire 66pc stake in NCBA Group

South African lender Nedbank Group has submitted a tender offer to acquire approximately 66 percent of NCBA Group's ordinary shares, aiming for a controlling stake in the Kenyan financial services provider. This proposed acquisition values NCBA at 1.4 times its book value.

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Key Highlights

South African lender Nedbank Group has submitted a tender offer to acquire approximately 66 percent of NCBA Group's ordinary shares, aiming for a controlling stake in the Kenyan financial services provider. This proposed acquisition values NCBA at 1.4 times its book value.

  • Shareholders accepting the offer would receive 20 percent cash and 80 percent in Nedbank ordinary shares listed on the JSE.
  • NCBA operates across Kenya, Uganda, Tanzania, Rwanda, Ivory Coast, and Ghana, serving over 60 million customers.
  • NCBA Managing Director John Gachora stated that Nedbank is an ideal partner for growth in East Africa, facilitating expansion into new markets like Ethiopia and DRC.
Wednesday 8:21 AMCapital BusinessFirst

Tatu Coffee tops National Awards for quality Kenyan arabica

Tatu Coffee tops National Awards for quality Kenyan arabica

Tatu Coffee Estates Limited has secured first and third place in the prestigious National Taste of Harvest Kenya 2025–2026 Awards in the Washed Arabica Category, establishing its leadership in Kenya's coffee industry.

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Key Highlights

Tatu Coffee Estates Limited has secured first and third place in the prestigious National Taste of Harvest Kenya 2025–2026 Awards in the Washed Arabica Category, establishing its leadership in Kenya's coffee industry.

  • Awards recognize excellence in washed Arabica, which underpins Kenya’s global reputation.
  • Tatu Coffee, owned by Rendeavour, impressed judges with quality coffee from its 6,500+ acres in Kiambu County, noting complex flavors and consistent production.
  • The Chief Executive Officer, John Sathya, highlighted the company's commitment to "consistent, world-class results" and its significant economic impact by supporting "thousands of permanent and seasonal jobs" and demonstrating sustainability through Rainforest Alliance certification.
Wednesday 12:30 PMCapital Business

Chinese retailer Global Supermart opens new store in Athi River

Chinese retailer Global Supermart opens new store in Athi River

Chinese retailer Global Supermart has opened a new outlet at Crystal Rivers Mall in Athi River, Kenya, positioning itself as the mall's newest anchor tenant. This expansion strengthens the mall's role as a major shopping and lifestyle destination along the Mombasa Road corridor.

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Key Highlights

Chinese retailer Global Supermart has opened a new outlet at Crystal Rivers Mall in Athi River, Kenya, positioning itself as the mall's newest anchor tenant. This expansion strengthens the mall's role as a major shopping and lifestyle destination along the Mombasa Road corridor.

  • Global Supermart will offer affordable household goods, electronics, and lifestyle products, benefiting communities in Athi River, Mlolongo, Kitengela, and Syokimau.
  • Pauline Kieleko, Chairperson of the Safaricom Staff Pension Scheme, stated the opening reflects renewed investor confidence in the area's economic potential.
  • The new store has created employment opportunities for local residents and aims to revitalise Crystal Rivers Mall into a community-focused destination.
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