The Central Bank of Kenya has approved Nedbank Group Limited’s acquisition of up to 66% of NCBA Group PLC’s issued share capital. The acquisition will take effect once the transaction is completed under the parties’ agreement. NCBA is a Nairobi-headquartered financial services group with banking operations across East Africa and a joint venture in Côte d’Ivoire. South Africa-based Nedbank also operates through subsidiaries and banks in five other Southern African countries.
2026-08-31Central Bank of Kenya
Central Bank of Kenya approves Nedbank acquisition of up to 66% of NCBA Group
The Central Bank of Kenya has approved Nedbank Group’s acquisition of up to 66% of NCBA Group. The acquisition will take effect upon completion of the transaction under the parties’ agreement.