Nedbank submits offer to acquire 66pc stake in NCBA Group
NAIROBI, Kenya, Jan 21 – South African lender Nedbank Group has submitted a tender offer to acquire roughly 66 percent of NCBA Group’s ordinary shares, Kenya breaking news | Kenya news today |..
✨ 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.
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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.
