Nedbank Gets Approval for 66% NCBA Stake

Nedbank Group Limited has received approval from the Central Bank of Kenya (CBK) to acquire up to 66% of NCBA Group PLC , paving the way for a major cross-border banking transaction in East Africa. The approval was granted on August 28, 2026, under Section 13(4) of Kenya’s Banking Act. The acquisition will proceed once Nedbank and NCBA finalise the terms of the transaction.