Acquiring Company
National Bank of Kenya
Acquired Company
Zingo Investments
NairobiNairobi CountyFinancial ServicesFinanceLendingBankingManufacturingFashionDescription
The High Court has permitted National Bank of Kenya to take control of Zingo Investments due to a $5.6 million debt dispute. The court ordered Zingo to surrender its business assets to the bank-appointed receiver. This ruling follows several failed attempts by Zingo to contest the bank's rights over its assets.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Zingo Investments?
Zingo Investments was acquired by National Bank of Kenya, based in Nairobi. The deal was reported on September 9, 2026. National Bank of Kenya is a medium-sized lender, previously controlled by the Kenyan state. KCB Group acquired NBK in a rescue deal in 2019, intending to hold it for the long term. National Bank of Kenya is privately held and operates in Financial Services.
When did National Bank of Kenya acquire Zingo Investments?
National Bank of Kenya's acquisition of Zingo Investments was reported on September 9, 2026. The High Court has permitted National Bank of Kenya to take control of Zingo Investments due to a $5.6 million debt dispute. The court ordered Zingo to surrender its business assets to the bank-appointed receiver. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Zingo Investments do?
Zingo Investments is a leather manufacturer based in Kenya. The company specializes in producing high-quality leather products. It has faced financial challenges leading to legal disputes regarding debt obligations. It is privately held, operating in Manufacturing, and is based in Nairobi County.
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