From Land To Banks: Kenyatta Family's Ncba Stake Now Worth Over 100 Million

The family gained 12.63 million in three weeks as NCBA shares surged nearly 14 on the Nairobi Securities Exchange.

The banks strong stock performance has boosted investor returns and lifted its market value above 780 million.

The Kenyattas also control major assets in dairy, land, real estate, media, and hospitality, reinforcing their economic clout in East Africa.

Kenyas influential Kenyatta family , long known for its deep political roots and vast business interests, has seen the value of its stake in NCBA Group climb past the 100 million mark, driven by a steady rally in the banks stock on the Nairobi Securities Exchange NSE .

Their 13.2-percent shareholding, held through the estate of Kenyas founding president Jomo Kenyatta, has gained Ksh1.63 billion 12.63 million over the past three weeks. That brings the total market value of their 217.5 million shares to about 103.12 million.

This rise follows an earlier increase of 10.01 million between May 13 and June 5 , when the familys NCBA stake grew from 82.14 million to 92.15 million. The steady upward movement underscores the familys continued influence in Kenyas financial sector.

Mama Ngina Kenyatta , Kenyas former First Lady, remains at the center of the familys business empire, which spans agriculture, banking, real estate, media, and hospitality. Together, these assets help position the Kenyattas among the wealthiest families in Africa.

NCBA Group, a major financial institution based in Nairobi, Kenya, has steadily expanded its footprint across East Africa, with operations in Tanzania, Rwanda, Uganda, and Cte dIvoire. The bank was formed in 2019 through a merger between NIC Bank Group and Commercial Bank of Africa Group, a move that helped solidify its position in the regions banking landscape.