The Central Bank of Kenya (CBK) has approved Nedbank Group Limited’s plan to acquire up to 66% of the issued share capital of NCBA Group PLC. In a statement on August 31, CBK said it approved the proposed acquisition on August 28, 2026, under Section 13 (4) of the Banking Act. The transaction will take
NCBA Group, currently in the process of being acquired by South Africa’s Nedbank, has explained why it chose the lender despite receiving multiple acquisition offers. Speaking to the media on Thursday, January 22, 2026, NCBA Group CEO John Gachora said the board prioritised a deal that would minimise disruption to the business, protect the company’s
A South African Bank, Nedbank Group Limited has issued a proposal to acquire a majority stake in NCBA Group PLC, a leading financial services provider in East Africa. In a statement dated January 21, 2026, NCBA said it had received a strategic investment proposal and a Notice of Intention from Nedbank to acquire approximately 66
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