NCBA Bank Kenya justified the increase, citing the need to align with prevailing market conditions.
Ndegwa Family
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Ndegwa, the former chairman of the Capital Markets Authority and son of the late Kenyan economist Philip Ndegwa, is a top figure …
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NCBA Group counts some of Kenya’s richest families among its shareholders, including the Kenyatta, Merali, and Ndegwa families.
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The Ndegwa family’s latest endeavors build upon their previous strategic investments in the Kenyan financial sector.
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This latest development from the Ndegwa family follows their earlier strategic investment in the Kenyan financial sector.
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NCBA Group, which resulted from a momentous merger in 2019, is partially owned by the Kenyatta, Merali, and Ndegwa families.
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The Ndegwa family, which was involved in the merger of NIC Bank Group and Commercial Bank of Africa Group in 2018, owns …
- East Africa
Kenya’s Ndegwa family bolsters position as largest shareholder in NCBA Group with new $2.2 million shares
The Ndegwa family’s continuous investment in NCBA Group reflects their belief in the institution’s potential for growth and success.
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NCBA’s loan to Grit now represents more than 2.27 percent of the real estate company’s overall debt.
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NCBA Group is partially owned by the super-rich Kenyatta, Merali, and Ndegwa families.