Kenyan tycoon Andrew Ndegwa’s stake in NCBA surges above $26 million
Ndegwa sees $3.82-million gain as NCBA Group shares surge 16.8 percent on the Nairobi Securities Exchange.
Ndegwa sees $3.82-million gain as NCBA Group shares surge 16.8 percent on the Nairobi Securities Exchange.
Ndegwa, a director on the board of NCBA Group, holds a commanding 4.63-percent stake in the leading lender, translating to 76,336,855 ordinary shares.
Ndegwa holds a sizable 4.63-percent stake in the leading lender, translating to 76,336,855 ordinary shares.
Despite this financial setback, Ndegwa remains one of Kenya’s wealthiest investors and stands as one of the country’s most prominent businessmen.
The Ndegwa family’s latest endeavors build upon their previous strategic investments in the Kenyan financial sector.
As a director on the board of the financial services giant, Ndegwa holds a significant 4.3-percent stake in NCBA Group.
The Ndegwa family has strengthens its position in NCBA Group.
Ndegwa owns 4.3 percent of NCBA Group.
Ndegwa owns 4.3 percent of NCBA Group, making him one of the bank’s most significant shareholders.
Ndegwa owns 4.3 percent of NCBA Group.
The Ndegwa family’s 13.13-percent stake in NCBA Group is worth $54 million.
Ndegwa, an executive director of First Chartered Securities Limited, owns 4.3 percent of NCBA Group.
Ndegwa owns 4.3 percent of NCBA Group, or 70,909,968 ordinary shares.
The family of the late Jomo Kenyatta, Kenya’s prime minister from 1963 to 1964, will receive a dividend of $4.27 million from their stake.
Ndegwa’s 4.3-percent stake in NCBA Group, now worth $15 million, has dropped in value in recent weeks.
NCBA Group is a Nairobi-based financial services conglomerate functioning as a non-operating holding.