The Philip Ndegwa family has intensified the reorganisation of its multi-billion shilling business empire with the sale of struggling assets and the bringing on board of deep-pocketed partners to expand segments with high growth potential.
The Ndegwas, one of the richest families in Kenya, have proposed or completed five disposals and mergers in the past four years — the latest being the planned merger of NIC Group #ticker:NIC with Commercial Bank of Africa (CBA).
