The Philip Ndegwa family raised its shareholding in tier-one lender NCBA by 8.25 million shares with a current market value of Sh315.6 million in the first half of this year, deepening their position as the biggest stakeholders in the bank ahead of the Jomo Kenyatta family.
Latest regulatory filings show that the Ndegwa family, through their investment vehicle First Chartered Securities, held 246.15 million shares in the bank as at July 10 –valued at Sh9.41 billion— up from 237.9 million units at the end of December 2022.
