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NCBA sale complete as Kenyatta, Ndegwa families cash in on Sh109b in Nedbank deal

Former President Uhuru Kenyatta [File]

South Africa’s  Nedbank Group Ltd has secured a controlling 66 per cent stake in homegrown tier-one lender NCBA Group.

The deal will see the families of Kenya's founding president Jomo Kenyatta and former Central Bank governor Philip Ndegwa emerge as major beneficiaries of a transaction valued at approximately Sh109.6 billion.

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