Nedbank gets waiver as bid for NCBA advances, as Kenyatta and Ndegwa families prepare for windfall
Nedbank cleared a key regulatory hurdle in its NCBA bid, putting fresh attention on the Kenyatta and Ndegwa families’ stakes.
Ndegwa Family
$352 million NCBA stake held by two of Kenya’s richest families in focus after Nedbank bid
$352 million NCBA stake held by Kenya’s Kenyatta and Ndegwa families draws attention after Nedbank’s $856 million takeover offer.
Nedbank offers $856 million for control of Kenya’s NCBA as big shareholders line up for payout
Nedbank offers $856 million for control of Kenya’s NCBA, signaling a regional banking shakeup and a likely payday for top shareholders.
NCBA, backed by Kenya's richest families, unveils $6 million digital banking
NCBA unveils a $6 million digital platform with Intellect Global to enhance corporate banking and expand its digital reach in Kenya.
NCBA, backed by Kenya's richest families, posts $42.3 million Q1 profit
NCBA, backed by Kenya’s elite families, posted a modest 3.41% Q1 profit rise to $42.4 million despite loan book contraction and macroeconomic headwinds.
Backed by Kenya’s richest, NCBA Bank hikes loan rates: What it means for your wallet
NCBA Bank Kenya justified the increase, citing the need to align with prevailing market conditions.
Kenyan top executive James Ndegwa gains $2.1 million from NCBA stake in 48 days
Ndegwa, the former chairman of the Capital Markets Authority and son of the late Kenyan economist Philip Ndegwa, is a top figure in the Kenyan business scene.
Lender linked to Kenya’s richest families to raise interest rates for second time
NCBA Group counts some of Kenya’s richest families among its shareholders, including the Kenyatta, Merali, and Ndegwa families.
Kenyan billionaire Ndegwa family expands empire as NCBA, ICEA Lion pursue new deals
The Ndegwa family’s latest endeavors build upon their previous strategic investments in the Kenyan financial sector.
Wealthy Ndegwa family of Kenya acquire $2.77-million stake in property fund
This latest development from the Ndegwa family follows their earlier strategic investment in the Kenyan financial sector.
Bank owned by Kenya’s richest families posts nearly $65 million in half-year profit
NCBA Group, which resulted from a momentous merger in 2019, is partially owned by the Kenyatta, Merali, and Ndegwa families.
Wealthy Kenyan Ndegwa family suffers over $3-million loss in single day
The Ndegwa family, which was involved in the merger of NIC Bank Group and Commercial Bank of Africa Group in 2018, owns a 14.94-percent stake in NCBA Group.
Kenya’s Ndegwa family bolsters position as largest shareholder in NCBA Group with new $2.2 million shares
The Ndegwa family’s continuous investment in NCBA Group reflects their belief in the institution’s potential for growth and success.
Controlled by Kenya’s richest families, NCBA Group lends Mauritian firm $10.7 million
NCBA’s loan to Grit now represents more than 2.27 percent of the real estate company’s overall debt.
Controlled by Kenya’s richest families, NCBA Group eyes entry in Ethiopia, DRC, Ghana
NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.
Kenyan businessman Andrew Ndegwa gains $3.6 million from stake in NCBA Group
Ndegwa owns 4.3 percent of NCBA Group.