South Africa’s Nedbank Group Ltd has completed the acquisition of a controlling 66 per cent stake in NCBA Group, a major Kenyan lender.

• The landmark deal is valued at approximately Sh109.6 billion.
• The families of Kenya's founding president Jomo Kenyatta and former Central Bank governor Philip Ndegwa are set to be significant beneficiaries.
• This transaction marks a major shift in ownership for one of Kenya's prominent financial institutions.