Nedbank gets CBK nod to acquire 66pc stake in NCBA

NAIROBI, Kenya, Aug 31 – South African lender Nedbank Group Limited has secured regulatory approval to acquire up to 66 percent of the issued share capital of NCBA Group Plc,…..

✨ Key Highlights

South African lender Nedbank Group Limited has received regulatory approval from the Central Bank of Kenya (CBK) to acquire a controlling stake of up to 66 percent in NCBA Group Plc.

Nedbank aims to acquire up to 66% of NCBA Group Plc's issued share capital.
The Central Bank of Kenya (CBK) granted its approval on August 28.
NCBA Group was formed in 2019 through the merger of NIC Group and Commercial Bank of Africa (CBA).

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Related News

4d ago

Political anxiety casts shadow on Kenya's investment outlook

Kenya's business leaders are expressing significant anxiety over the upcoming 2027 general election, with concerns about potential political instability casting a shadow on the nation's investment outlook.

The Standard Business

📰 Read Full Story

Video

Go back to work as we negotiate the CBA, CoG Chair Ahmed Abdullahi tells nurses

NTV Kenya (Youtube)

2h ago

top2h ago

All UHC workers to move to permanent, pensionable terms

All Universal Health Coverage (UHC) health workers will transition from contractual to permanent and pensionable terms after counties agreed to absorb them. This decision was made during a special Intergovernmental Budget and Economic Council (IBEC) session chaired by Deputy President Kithure Kindiki.

KBC Top Stories

📰 Read Full Story