Nedbank's takeover of NCBA clears key African regulatory hurdles as Kenyatta family windfall moves closer to completion
Billionaires Africa | 29.06.2026 15:07
South Africa's Nedbank Group has secured unconditional regulatory approvals from two of East Africa's most important competition authorities for its $856 million acquisition of a 66 percent controlling stake in NCBA Group, bringing the transaction that will deliver a Sh21.9 billion windfall to the Kenyatta and Ndegwa families a significant step closer to completion.
