South Africa’s Nedbank to acquire 66% stake in Kenya’s NCBA GroupNCBA Group (NSE:NCBA) has announced that it has received a strategic investment proposal from Nedbank, relating to the acquisition of approximately 66% of its share capital through a tender offer. If completed, the transaction would result in NCBA becoming a subsidiary of Nedbank, while the remaining 34% of the shares would continue to be listed on the Nairobi Securities Exchange. Operating across several East and West African markets, NCBA has established itself as a leading banking group, serving more than 60 million customers through a network of 122 branches. To date, Nedbank has maintained only a representative office in the region, limiting operational integration complexities following the transaction. Completion of the transaction remains subject to regulatory approvals from the relevant authorities, including central banks across the jurisdictions involved.

Source: The North Africa Journal January 23, 2026 22:47 UTC