$352 million NCBA stake held by two of Kenya’s richest families in focus after Nedbank bid
Billionaires Africa | 22.01.2026 17:09
The $352 million stake held by two of Kenya’s richest families has moved to the center of attention as South Africa’s Nedbank makes a bold play for control of NCBA Group, one of East Africa’s most established lenders. At issue is a proposed R13.9 billion ($856.4 million) transaction that would reshape ownership of the Nairobi-based bank and place a spotlight on the long-standing holdings of the Kenyatta and Ndegwa families.
