Businessman Muhoho Kenyatta has emerged as the largest individual shareholder in NCBA Group after revelations showed that his holdings in the lender are now worth approximately Sh20 billion.
The disclosure, made through a shareholder circular, indicates that Muhoho controls about 227.3 million shares in the banking giant both directly and through several investment vehicles linked to the wider Kenyatta family business empire.
The latest revelation highlights the deep roots the Kenyatta family still maintains in Kenya’s banking sector years after the merger between Commercial Bank of Africa and NIC Group in 2019, which created NCBA Group.
Analysts say the announcement offers a clearer picture of the family’s financial influence within the Nairobi Securities Exchange-listed lender. The Kenyatta family’s investments in NCBA have long been held through multiple corporate structures, making the exact scale of ownership difficult to establish publicly.
The development also comes at a time when NCBA has remained in the spotlight due to reports surrounding potential strategic deals and investor interest involving major African banking institutions. Earlier reports indicated heightened market activity around the lender amid speculation of acquisition discussions involving South Africa-based banking groups.
Muhoho recently returned to the bank’s leadership structure after being appointed as a non-executive director at NCBA Group in late 2025. His return marked a significant comeback to the family-linked banking institution where he previously served for nearly two decades before the CBA-NIC merger.
NCBA remains one of Kenya’s largest financial institutions, with strong operations across retail banking, corporate lending, and digital financial services in East Africa.
The disclosure is expected to further strengthen investor interest in the bank, especially as Kenyan banking stocks continue attracting attention from regional and international investors seeking exposure to East Africa’s growing financial sector.
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