CBK clears Nedbank’s 66% NCBA acquisition as the South African bank prepares to take control
The Central Bank of Kenya approved Nedbank's acquisition of up to 66% of NCBA Group on August 28, 2026. The acquisition is valued at KSh116.3 billion (US$855.82 million), marking a significant investment in the Kenyan banking sector.
Nedbank’s NCBA Acquisition Nears Next Stage After Regional Approval
Nedbank's acquisition of NCBA has received approval from the CCCC and EACCA, removing major regulatory hurdles. The transaction involves a controlling 66 percent stake in NCBA Group, valued at about Sh110 billion.
Nedbank’s NCBA deal could push some Kenyan institutional investors into cash exit
Nedbank intends to acquire about 66% of NCBA Group. The offer includes a combination of Nedbank shares and cash.
Global Insurtech Enters Kenyan Market Through LOOP Partnership
bolttech announced its entry into the Kenyan market via a partnership with LOOP. The partnership will launch LOOP FLEX, a Buy Now Pay Later solution for device financing.
