Kenyan businessman Muhoho Kenyatta is returning to the familys banking interests after being appointed a non-executive director at NCBA Group Plc, the Nairobi-based lender linked to the Kenyatta family. His appointment, announced on Wednesday by Group Managing Director John Gachora, takes effect on Dec. 1, marking one of the most visible changes at the bank as speculation grows over ongoing buyout talks with Standard Bank Group, Africas largest lender.
NCBA did not say whether Kenyattas entry would alter the current board structure, which has ten sitting directors. The bank simply noted that it welcomes him to the NCBA board, describing him as a seasoned executive with a long record in regional business leadership. Kenyatta brings more than three decades of experience across East Africas corporate sector, including roles in manufacturing, insurance, healthcare and banking.
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