Ndegwa brothers reveal Sh700 million CBA stake

NIC Bank on Kenyatta Avenue in Nairobi. FILE PHOTO | NMG

NIC Group chairman James Ndegwa and his brother, Andrew Ndegwa, own 6.6 million shares worth Sh704 million in Commercial Bank of Africa (CBA) Group, according to fresh fillings.

The fresh information reveals the close historical links between the founders of the two banks ahead of their merger in July.

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