The Kenyatta familys 13.2 stake in NCBA Group has declined by Ksh1.23 billion 9.5 million over just nine days, driven by a 10.32 drop in the banks share price on the NSE.
The recent loss reverses earlier momentum, when the family's NCBA holdings had gained 9.42 million between January and March
NCBAs market value drops below 630 million, with shares only up 1.87 percent in 2025.
The Kenyatta family, one of Kenyas most influential political and business dynasties and the countrys largest landowners, has witnessed a sharp decline in the market value of its stake in NCBA Group. This drop comes after a significant fall in the banks share price on the Nairobi Securities Exchange NSE .
Kenyatta familys NCBA stake falls below 90 millionHolding a 13.2-percent stake through the estate of the late President Jomo Kenyatta, the founding father of Kenya, the family owns 217.5 million shares in the bank. In just nine days, the value of this holding has fallen by Ksh1.23 billion 9.5 million, dragging its market value below 90 million.
Its a sharp reversal from earlier this year. Between mid-January and late March , the familys stake had climbed by 9.42 million, from 79.2 million to 88.6 millionas NCBA shares rallied. This underscores the volatility gripping Kenyas financial markets and shifting investor mood around banking stocks.
NCBA shares slide 10.32 in nine daysNCBA Group , a leading financial institution headquartered in Nairobi, Kenya, operates in Tanzania, Rwanda, Uganda, and Cte dIvoire. Formed in 2019 through the merger of NIC Bank Group and Commercial Bank of Africa Group, the bank has strengthened its presence in East Africas banking sector.
Over the past nine days, NCBA Groups stock has suffered a sharp 10.32 percent drop on the NSE, with its share price falling from Ksh54.75 0.4234 on April 28 to Ksh49.10 0.3797. This decline has pushed the banks market capitalization below 630 million, resulting in significant losses for investorsincluding the influential Kenyatta family.