Standard Bank Eyes Major Kenya Banking Deal in Reported NCBA Acquisition Talks
Standard Bank's Kenyan unit reportedly discussing NCBA Group acquisition, potentially creating Kenya's third-largest bank with KSh 1.1 trillion assets...
✨ Key Highlights
Standard Bank Group, Africa’s largest bank by assets, is reportedly in advanced talks to acquire Kenya’s NCBA Group through its local subsidiary, Stanbic Holdings. This potential merger would create Kenya's third-largest lender with combined assets of approximately KES 1.1 trillion ($8.5 billion).
- NCBA's stock surged 9.7% to a record high of KES 76.25 following the news, reflecting investor confidence.
- The acquisition aligns with Standard Bank's strategy to strengthen its regional presence and comes amidst Kenya's Central Bank's push for banking sector consolidation.
- The proposed transaction would require multiple regulatory approvals, including from the Central Bank of Kenya and the Competition Authority.
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Standard Bank Eyes NCBA Acquisition as Hisa Merges with Chaka in Pan-African Deals - October 2025
Standard Bank Group is reportedly in advanced talks to acquire Kenya’s NCBA Group through its local subsidiary, Stanbic Holdings, in a potential merger that would create Kenya's third-largest lender with assets of approximately KES 1.1 trillion ($8.5 billion). In a separate deal, Hisa Kenya is merging with Nigeria’s Chaka to form a single "super app" allowing investments across Kenyan, Nigerian, and U.S. markets. This relaunch follows a year of neglect for the current Hisa app. Additionally, Vertiv has partnered with Airtel Africa’s Nxtra division for a major data center expansion, starting with a 42MW facility in Nigeria. Announced at GITEX Global 2025, this collaboration aims to build one of the continent's largest networks of high-capacity data centers.
