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Nedbank acquires majority stake in NCBA Group

PRIVATEOct 19, 2026

Acquiring Company

Nedbank

Acquired Company

NCBA Group

SandtonNairobiFinancial ServicesFinancial ServicesFinanceFintechLendingBanking

Description

Nedbank Group has completed its acquisition of 66% of NCBA Group PLC, marking a strategic expansion into East Africa. The deal is valued at R13.9-billion and allows NCBA to retain its listing on the Nairobi Securities Exchange. This acquisition enhances Nedbank's presence in rapidly growing economies while maintaining NCBA's independent governance and local leadership.

Company Information

Company

Nedbank

Location

Sandton, Gauteng, South Africa

About

At Nedbank, we see ourselves as money experts who do good. And by doing good, we strive to be the difference that impacts our world for the better.

Fundz sees it the moment Nedbank makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired NCBA Group?

NCBA Group was acquired by Nedbank, based in Sandton. The deal was reported on October 19, 2026. At Nedbank, we see ourselves as money experts who do good. And by doing good, we strive to be the difference that impacts our world for the better. Nedbank is privately held and operates in Financial Services.

When did Nedbank acquire NCBA Group?

Nedbank's acquisition of NCBA Group was reported on October 19, 2026. Nedbank Group has completed its acquisition of 66% of NCBA Group PLC, marking a strategic expansion into East Africa. The deal is valued at R13.9-billion and allows NCBA to retain its listing on the Nairobi Securities Exchange. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does NCBA Group do?

NCBA Group is a tier-one lender in Kenya, dedicated to offering a wide range of financial products and services to its customers. It is privately held, operating in Financial Services, and is based in Nairobi.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.