NCBA to ride on Nedbank's muscle in regional expansion

NCBA MD John Gachora said Nedbank’s strong balance sheet and technical expertise would help the bank scale up in its current markets and also explore new growth opportunities in the region. ..

✨ Key Highlights

NCBA Bank is embarking on an aggressive East African expansion, driven by Nedbank Group Limited's acquisition of a two-thirds stake in the Kenyan lender. This landmark deal, announced on January 22, 2026, will see the financial institutions leveraging the partnership for regional growth.

The acquisition involves South Africa's Nedbank taking a two-thirds stake in NCBA Bank.
Key individuals present at the press briefing included NCBA Acting Group Director for Regional Business Louisa Wandabwa, Group Managing Director John Gachora, and Group Director, Finance David Abwoga.
The deal is set to fuel NCBA's aggressive expansion strategy across East Africa.

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