The Kenyatta and Ndegwa families have gained $166 million since agreeing to sell NCBA
NCBA shareholders selling to Nedbank have gained Sh21.4 billion as the South African bank's shares rose 9.5% since the offer was set in January.
Nedbank
Kenya's central bank clears the deal that hands the Kenyatta family a $170 million payday
Kenya's Central Bank has approved Nedbank's acquisition of a 66% stake in NCBA Group for approximately $842 million, clearing the way for one of the most significant cross-border banking transactions in East African history.
Kenyan tycoon Muhoho Kenyatta pockets $6.6 million as NCBA lifts dividend by half
Muhoho Kenyatta collects roughly $6.6 million from NCBA's interim dividend, months before Nedbank completes its takeover of the bank his family has long backed.
Nedbank's takeover of NCBA clears key African regulatory hurdles as Kenyatta family windfall moves closer to completion
Nedbank's $856 million takeover of NCBA Group has secured key East African regulatory approvals, bringing the Kenyatta and Ndegwa families' Sh21.9 billion windfall closer to completion.
Kenya's wealthy Kenyatta and Ndegwa families stand to pocket $170 million from the Nedbank NCBA takeover
Kenya's powerful Kenyatta and Ndegwa families stand to receive over $170 million in combined cash and stock from the Nedbank takeover of NCBA Group.
Nedbank's NCBA offer window opens and billionaire Muhoho Kenyatta stands to book a 20% gain on his $154 million stake
Nedbank's NCBA buyout offer opened May 29 at Sh105, offering shareholders a 20.3% gain above NSE prices. Muhoho Kenyatta stands to be the biggest individual winner.
Jason Quinn's Nedbank opens its $855 million bid for Kenya's NCBA and shareholders have six weeks to decide
Nedbank CEO Jason Quinn has opened a $855 million tender offer for a 66% controlling stake in Kenya's NCBA Group, one of the largest cross-border banking transactions in African history, with shareholders given until July 10 to respond.
NCBA, backed by Kenya's richest families, posts $180.3 million profit and lifts dividend 22.5% ahead of Nedbank takeover
NCBA Group posted KSh 23.4 billion ($180.3 million) in full-year profit and raised its dividend by 22.5% to KSh 7.1 per share for 2025.
Nedbank, led by Jason Quinn, hits 8 million clients for the first time in its 138-year history
South Africa's fourth-largest bank crossed the 8-million client mark for the first time in its 138-year history, posting R17.2 billion in earnings.
Cameroonian banker Alain Nkontchou to acquire Nedbank’s $100 million Ecobank stake
The deal, to be executed through Nkontchou’s private investment firm, Bosquet Investments, will mark the end of Nedbank’s 17-year partnership with Ecobank.
New South African fintech millionaires minted in $94-million Nedbank-iKhokha buy
iKhokha’s trio of founders stand to pocket millions as Nedbank snaps up the decade-old fintech in a $94 million deal.
South African banker Jason Quinn-led Nedbank to offload Ecobank shares worth over $100 million
The South African bank confirmed that the stake, classified under IFRS 5 as a non-current asset held for sale, has a market value of R1.9 billion ($105.8 million).
Nedbank CIB's Zakhele Mayisa spearheads efforts to close Africa’s $100-billion infrastructure funding gap
The African Continental Free Trade Area (AfCFTA) could transform Africa’s economy, but a $100-billion annual infrastructure gap remains a hurdle.
Banker John Quinn drives Nedbank’s Africa expansion amid 69-percent debt deal surge
Nedbank is reorganizing its investment banking unit to target Africa’s growing debt market.
