Nedbank’s offer to acquire 66% of NCBA closed with tenders covering 1.316B shares, equivalent to 79.90% of the bank’s issued shares, leaving the offer materially oversubscribed and requiring scaling and allocation.
—Shareholders submitted pro-rata acceptances for 920.7M shares, representing 55.88% of NCBA, alongside excess applications for a further 395.7M shares, equivalent to 24.02%.
—Nedbank requires only 166.7M of the excess shares submitted to reach its targeted 1.087B shares, implying an aggregate acceptance rate of about 42.1% for excess applications.
—The remaining ~229.0M excess shares that are not accepted will remain with the respective shareholders, while cash consideration will be paid only for shares ultimately allocated to Nedbank.
—Each shareholder who tendered shares will receive a notification from the 10th trading day after settlement confirming the final number accepted, with Nedbank expected to hold 66% of NCBA and other shareholders retaining 34%.
—The transaction is expected to complete by the end of Q3 or early Q4 2026, subject to the remaining regulatory conditions, while NCBA will remain listed on the NSE.
Today I have decided to spend the day home , I want to rest and rewind . Too much too fast has been happening I feel exhausted. Leo ata lunch nataka nipikiwe chapati na kuku .
As I rest I want people to understand that the victory in olkarau is not really a victory in my books . It was more of voting against than for . We cannot keep voting against, when will we ever vote for our preferred candidate . When will we say we dnt like manifesto A let us vote for manifesto B .
I weep for my country lakini naona chapati ya kwanza imeiva I will weep later .
Today, I met such an impressive dude. His story reads like a movie. Lost his job 2 years ago at 38, started selling some merchandise. Came up with a plan, to make 1M a year, divided it across 365 days, came to about 3K a day in savings, and with that went to war.
Dude says he'd worked over 15 years without ever touching a million. Told me, "Soon as I see the sun, I know I will be making some money. Even if just 1K."
Says by the time he got to the middle of the year and saw over 500K in his account, he increased the savings portions. Ended up with about 1.2M. Said, "Personally, I do not believe in there ever being too late for a man. Some people are willing to learn and relearn, and others aren't, and that's the difference".
He's going to be a very rich man.
Every morning my neighbor goes off on her kids. She’s screaming at them, calling them all vulgar names you can think of and I’m done.
So I went outside and said, “Yo… what if every morning you woke up and someone immediately went the fvck off on you? Then you had to drag your self to school and try to pay attention. You probably wouldn’t, right? Then you complain that your kids aren’t doing well in school, but you’re creating an environment where they leave the house full of anxiety and stress.”
Kenyan researcher Professor George Njoroge wins Sh446 million award alongside UK scientist Professor Robert Bristow, for advancing early detection of oesophageal cancer.
How is the fuel in Kenya now of way lower quality but the price way more? The G2G contract did not address quality? Or where was the fuel sourced?
The #fuelpricehike does not just affect the transport sector. GOK peeps, address the issue holistically.
I missed the last train in Seoul once.
Phone at 3%. Didn’t speak Korean. It was raining, freezing, and I had no idea where I was supposed to go.
I tried calling an Uber but my card kept failing because of my bank fraud protection. Perfect timing.
I was standing outside the station looking completely defeated when this older woman walked up to me and started speaking Korean. I told her I didn’t understand.
She pulled out her phone translator and typed:“You are lost?”
I nodded.
She asked where I was staying, looked at the address, then motioned for me to follow her.
This woman walked me almost 15 minutes through side streets, holding her umbrella over both of us while I apologized every thirty seconds.
When we got to my hotel, I tried offering her cash for helping me.
She looked genuinely offended.
Typed into the translator again:“If my son was lost somewhere, I hope someone helps him too.”
Then she bowed and walked away in the rain before I could even process what happened.
Some places still treat strangers like human beings first.
HISTORY HAS BEEN MADE 🫨
Sabastian Sawe becomes the first person ever to break the 2-hour barrier in official race conditions, storming to a historic 1:59:30‼️
@KejelchaYomif, on his marathon debut, also breaks 2 hours with a stunning 1:59:41 and @jacobkiplimo2 clocks 2:00:28, also faster than the previous world record 😤
Nike spent ten years trying to break the 2-hour marathon. They named a project after it. They built special shoes. They paid the greatest marathoner alive to chase it. Yesterday, a Kenyan runner finally did it in 1:59:30, wearing Adidas.
Sabastian Sawe used to be a pacemaker. A pacemaker is the kind of runner you hire to set the speed for the first few miles of a race and then drop out before the finish. In January 2022, Sawe got booked to do exactly that at a half-marathon in Spain. He'd never raced more than three miles in his life. He stayed in for the full 13 and won the whole thing. Adidas signed him not long after. Four years later, he became the first human ever to run an official marathon under 2 hours.
Nike, meanwhile, started this whole project in 2016 with a public goal called "Breaking2." They paid for the shoes, the pacemakers, the science labs, and Eliud Kipchoge himself. Kipchoge ran 1:59:40 in Vienna in 2019, but the event was a closed-course exhibition with rotating pacemakers and a pace car projecting a green laser line onto the road. The sport's governing body never recognized it as a real race. It didn't count.
Then Nike's running business cratered. Digital sales fell 26% in one quarter. Their share of footwear sold at Dick's Sporting Goods went from 39% to 32% in five months. On Running grew from $330 million to $1.8 billion between 2020 and 2025. Hoka nearly quadrupled. Roger Federer left Nike for On. Nike's board fired the CEO in October 2024.
Adidas spent the same period building a better shoe. The new Adizero Adios Pro Evo 3 took three years to develop. It weighs 97 grams, about 3.4 ounces, lighter than a deck of cards. A Wall Street Journal-cited study found that wearing a shoe 3.5 ounces lighter saves a runner around 57 seconds across a marathon. Sawe beat the third-place finisher by 58 seconds.
Adidas also did something Nike never did for Kipchoge. They wrote a $50,000 check to the official anti-doping body for track and field, asking it to test Sawe more aggressively than any other runner alive. He got tested 25 times in the two months before last year's Berlin Marathon, and Adidas signed up to fund this for the length of his contract. The logic: the moment Sawe ran a marathon this fast, the world was going to ask if he cheated, especially after his countrywoman Ruth Chepngetich got a 3-year doping ban in 2025. Adidas got out ahead of it.
The shoe retails at $500 and is barely available. Adidas's Adizero shoes won half of all major marathon races in 2024. Yesterday in London, four of the top five finishers wore the same Adidas shoe. Yomif Kejelcha crossed the line 11 seconds after Sawe and also broke 2 hours. The top three runners all beat the previous world record.
Nike's only response was an Instagram post. Three sentences long: "The clock has been reset. There is no finish line." That was their entire public reaction to losing a 10-year moonshot to their biggest rival.
The thing about the marathon record is it’s been broken by a Kenyan.
Before that, it was held by another Kenyan (Kiptum, RIP), who broke another Kenyan’s record (Kipchoge) who broke his own record but not before breaking another Kenyan’s record (Kimetto)
Etc. 😂
We’re going to need a few days to recover from this one… 😮💨
2 men under 2 hours. 3 men breaking the world record.
We have officially entered the new era of marathon running 🫳🎤
Heavy congestion and massive economic losses stem from rapid growth and insufficient mass transit.
As a city grows, the ultimate planning solution is to have reliable public transport systems, aka buses/trains. Building more roads is only part of the solution.
Ethiopia rolling out hundreds of locally assembled electric buses in Addis
Meanwhile in Kenya, feckless policy makers are filling the city with Bodas
You drive in Nairobi, peep your side mirrors and you have like 7 lawless nduthis around you like VIP escorts. I can’t even 😮💨
The current economic landscape isn't just a challenge; it’s a masterclass in gaslighting the Kenyan taxpayer. Yesterday, EPRA didn't just hike fuel prices they insulted our collective intelligence.
After weeks of motorists playing Russian Roulette with contaminated "fake fuel" and praying their engines wouldn’t knock, our reward for that anxiety is a higher bill at the pump. It is a cruel irony to be warned about bad fuel while being forced to pay a premium for the privilege of taking that risk. Whether you are behind the wheel, squeezed into a matatu, or sitting at home watching the price of basic commodities rise alongside transport costs, the message is clear, in this economy, the citizen is not meant to win.
We are no longer just fueling our cars, we are fueling a bloated, detached system where the math simply refuses to add up because the variables are hidden from the public eye. EPRA must immediately publish the full Cost of Service Study and explain the rationale behind these phased margin revisions that are being implemented in total darkness. If electricity tariffs require public participation and stakeholder input, then the lifeblood of our transport sector should not be managed behind closed doors. We are being asked to fund a system that has completely forgotten the person on the ground, leaving us to wonder how we are supposed to thrive when we are constantly undermined by the very institutions meant to regulate our markets.
Ultimately, we must stop pretending that administrative price setting protects the consumer. These "studies" are often informed by industry players with vested interests, creating a cycle of artificial inflation that stifles efficiency. Kenya would be better served by abandoning this opaque pretense and restoring genuine competition to the petroleum market. Competitive pricing, rather than centrally determined margins, is the only way to drive efficiency and protect the public from unjustified cost escalations.
The frustration has reached a boiling point, and the only way forward is to demand transparency over opacity and competition over administrative control.