Latest / Uganda News Today | 2 Min News | The Daily News Now!
Nedbank Eyes East Africa Through NCBA | Uganda News
Nedbank is set to grab a commanding 66% stake in East Africa’s powerhouse NCBA Group, with Kenya’s Central Bank greenlighting the deal — leaving public investors with a 34% hold. Formed just two years ago from the merger of NIC and CBA, NCBA already dominates Kenya, Uganda, Tanzania, Rwanda, and Ivory Coast with its digital savvy and massive customer base. For Nedbank, this isn’t just a takeover — it’s a strategic leap into one of Africa’s most promising markets, fueled by NCBA’s stellar financials and regional footprint. The partnership promises deeper capital, expanded reach, and stronger…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.