Anél Bosman

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Nedbank completes 66% takeover of Kenya's NCBA Group

Appointed to NCBA board effective November 3, 2026

On November 3, 1.09 billion NCBA Group shares changed hands in a single block trade on the Nairobi Securities Exchange (NSE). The sale gave South Africa's Nedbank Group a 66% controlling stake in one of East Africa's largest banks. Equity turnover on the exchange hit Ksh107.7 billion that day, against Ksh420 million the session before.

Updated 1 hour ago