CBK approves Nedbank’s 66% stake in NCBA as questions turn to the premium valuation

▤ Summary

The Central Bank of Kenya approved Nedbank Group’s acquisition of up to 66% of NCBA Group, bringing the deal close to completion. NCBA reported strong shareholder support, with valid acceptances reaching about 79.9% of issued shares. The article emphasizes NCBA’s digital banking and lending capabilities as a major reason Nedbank is willing to pay a premium valuation. It also explains how the deal could expand Nedbank’s regional reach across East and Southern Africa while preserving the NCBA brand. Completion is expected toward the end of the third quarter of 2026, pending remaining conditions and approvals.

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