Kenyatta family’s equity wealth in banking giant skyrockets by $21 million in 2022
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
The Kenyatta family owns a 13.2-percent stake in NCBA Group.
NCBA’s loan to Grit now represents more than 2.27 percent of the real estate company’s overall debt.
NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.
NCBA Group is partly owned by the super-rich Kenyatta, Merali, and Ndegwa families.
This year alone, the group has launched four branches in Kenya.
The double-digit increase in earnings was driven by a significant rise in interest and non-interest income.
NCBA Group is a Nairobi-based financial services conglomerate with subsidiaries in Tanzania, Rwanda, Uganda, and Cote d’Ivoire.
The stake is linked to Ngina Kenyatta, Muhoho Kenyatta, and Uhuru Kenyatta, a leading politician who has served as Kenya’s president since 2013.
NCBA Group shares have soared in value in recent days.
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.