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Kenyatta family stake in NCBA worth Sh6.6bn

The Kenyattas control about 13.2 percent of the new entity, a level of ownership that slightly surpasses the 11.75 percent stake that the family of the late Phillip Ndegwa. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

New shares from the merged NIC Group and CBA Group started trading yesterday at the Nairobi bourse, valuing the Kenyatta family stake at Sh6.6 billion.

The combined business of the two banks, which is now known as NCBA, climbed three places to rank sixth among the 10 banks listed on the Nairobi Securities Exchange (NSE) with a market valuation of Sh50.3 billion after listing the additional shares.

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