Kenya's wealthy Ndegwa banking family pays $66 million to regain full control of insurer
Billionaires Africa | 06.10.2026 04:24
The family of the late Central Bank of Kenya governor Philip Ndegwa will pay Sh8.5 billion, or about $66 million, to buy back a 24.1% stake in ICEA Lion Insurance Holdings, regaining sole ownership of one of East Africa's largest insurance groups.
