Nedbank Group of South Africa has promised to keep all NCBA Group employees in place once it completes its proposed takeover of the bank, with the commitment being a key consideration of the Kenyan lender’s board when it recommended the transaction to shareholders.
In a notice of additional information on the offer, NCBA said that the South African bank expects the human resource of the local unit to play a key role in the wider group, effectively spearheading its East African expansion strategy.
