CBK Approves Nedbank’s Acquisition of Up to 66% Stake in NCBA Group

The Central Bank of Kenya (CBK) has approved the acquisition of up to 66 percent of the issued share capital of NCBA Group PLC by South African financial services company Nedbank Group Limited. According to a CBK press release dated August 31, 2026, the approval was granted on August 28, 2026, under Section 13(4) of the Banking Act. The acquisition will take effect once the transaction is completed in accordance with the term agreed between the two parties.