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Wealth Intelligence: The Kenyan Exit — What the Kenyatta, Ndegwa and Merali Families Received as Nedbank Completed Its NCBA Takeover

Nedbank has completed its takeover of 66% of NCBA. The Kenyatta, Ndegwa and Merali families receive about $319 million, mostly in Nedbank shares, and keep NCBA stakes worth another $131 million. What each family gets, what the stock-heavy terms mean, and what to watch next.

Wealth Intelligence: The Kenyan Exit — What the Kenyatta, Ndegwa and Merali Families Received as Nedbank Completed Its NCBA Takeover

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African Wealth Briefing — Tues., Oct. 20, 2026

African Wealth Briefing — Tues., Oct. 20, 2026

Nedbank has completed its NCBA takeover, paying the Kenyatta, Ndegwa and Merali families about $319 million. Aziz Akhannouch has left office in Morocco. Stella Okoli has stepped back from running Emzor. And Dangote's refinery IPO enters its final week.

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Deep-Dive Report: Morocco After Akhannouch — The Billionaire Prime Minister Leaves Office, and Where Morocco's Business Elite Is Putting Its Money

Deep-Dive Report: Morocco After Akhannouch — The Billionaire Prime Minister Leaves Office, and Where Morocco's Business Elite Is Putting Its Money

Aziz Akhannouch has left office after five years as Morocco's billionaire prime minister, and his party is moving into opposition. Meanwhile Morocco's biggest fortunes are expanding into West Africa, Spain and World Cup projects. What the change means for Akwa, the banks and the builders.

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