NBK deal to raise State’s stake in KCB to 28pc

The Government will raise its stake in KCB #ticker:KCB to a new high of 27.92 per cent once its ownership in National Bank of Kenya (NBK) #ticker:NBK are converted into shares of the country’s biggest bank.

The State currently holds a combined 93.23 per cent interest in NBK through the National Treasury and National Social Security Fund (NSSF) which it controls.