Kenyatta Family Gains Ksh 3.2 Billion From NCBA Group Stake

The Kenyatta Family gained Ksh 3.2 billion in one year from their stake at NCBA Bank.

This was attributed to the market gains realized by the bank which emerged the biggest gainer amongst the banking stocks.

The NCBA Bank stock gained by 57.94 percent in the year.

This saw the Kenyatta family which holds 13.2 percent end the year with a total of Ksh 8.66 billion from the value of Ksh 5.5 billion in January.

Elsewhere, in May 2022, the Kenyatta Family made a quarter billion from their stock at NCBA Group.

The family’s stake in the financial services holding company increased in value by KSh 358.9 million since the close of trading on Wednesday, May 4.

The increase in value of the family’s stake in the last six days was due to a rebound in the group’s share price.

Shares in NCBA rose in value after the price was lowered to account for the payment of the company’s 2021 dividends to shareholders.

Shares have risen from KSh 23.85 on May 4 to KSh 25.5.

This represents a 6.9-percent return for shareholders and thus the KSh 358.9 million for the Kenyatta Family.

Following the CBA Group and NIC Group merger in 2019, the Kenyatta Family was the biggest shareholder and controlled 13.2% of the then newly formed NCBA Group.

The Kenyatta Family comprises of President Uhuru, his brother Muhoho and Mama Ngina Kenyatta.