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South Africa's Nedbank has secured a 66 per cent controlling stake in NCBA Group, with its acquisition offer becoming unconditional on 19 October 2026 and the share transfer scheduled for 3 November. The transaction brings one of Kenya's largest banking groups under South African ownership, opening a new chapter for John Gachora, the executive who helped build NCBA into a regional banking institution.
Gachora returned to Kenya in 2013 to lead NIC Bank after a career spanning Wall Street and Absa Group, where he helped drive the South African lender's continental expansion. He subsequently oversaw NIC's merger with Commercial Bank of Africa in 2019, creating NCBA. Sixteen years after helping Absa expand across Africa, he now finds himself leading a Kenyan bank into another South African banking group.
Read the CEO Spotlight on Precursor: https://t.co/f2IPu6qBZx
Meet Martha Wanjiku Thuku, Founder & CEO of SMARTHUB GROCERIES LTD. Sheβs making fresh, quality groceries more accessible. Her ambitions is to build a tech-driven business that makes shopping smarter and healthier for Kenyan families.
#NCBABankingOnBelief#NCBAChinaTripEA
We can't afford to pay our national team's dues in time or finance Kelvin Kiarie to go represent Kenya at a skating event, but yeah, let's pay Bayern Munich and Ajax Amsterdam millions to come inaugurate a stadium with a bloated budget.
How does this help the common Mwananchi? I mean millions and millions of money will be spent to accommodate them here and the logistical nightmare will cost us taxpayers a lot
The NCBA China Trib where East African entrepreneurs got to be part of officially culminated and the entourage travelled back home with lots of valuable lessons to help them scale their businesses.