Tag: Nedbank

Nedbank
BankingBusiness

Nedbank completes $826.6 million acquisition of 66% stake in NCBA Group 

Nedbank completes its $826.6 million NCBA deal, gaining control of Kenya’s lender and expanding its East African banking reach.

Timilehin Adejumobi Timilehin Adejumobi
Nedbank
BusinessBankingHot News

Nedbank’s $856 million NCBA takeover becomes unconditional

Nedbank’s $856 million takeover of Kenya’s NCBA Group has become unconditional, paving the way for settlement and completion in November 2026.

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover bid
BankingLatest

Nedbank ordered to pay costs after South African court sets aside home loan judgment

Nedbank ordered to pay legal costs after South African court overturns a 2021 home loan judgment involving two Soweto homeowners in Johannesburg.

Feyisayo Ajayi Feyisayo Ajayi
Nedbank
BusinessHot News

Kenya Central Bank clears Nedbank’s 66% acquisition of NCBA

Nedbank NCBA acquisition wins Kenya approval, clearing a key hurdle for the South African bank’s planned 66% stake in NCBA.

Timilehin Adejumobi Timilehin Adejumobi
Nedbank
TechnologyBusiness

Nedbank expands AI push as Africa’s digital banking competition grows

Nedbank is expanding AI-powered digital banking, rolling out smarter services, boosting fraud protection and driving growth across Africa.

Oluwatosin Alao Oluwatosin Alao
Tharisa underground mining
BusinessHot News

Nedbank backs Tharisa with $45.6 million for underground mining shift

Nedbank backs Tharisa $45.6 million facility to expand underground mining fleet, boosting Bushveld output and long-term growth strategy.

Timilehin Adejumobi Timilehin Adejumobi
South African executive Ciko Thomas.
Hot NewsExecutives

South African executive Ciko Thomas takes $1.8 million Nedbank pay

Ciko Thomas received R29.7 million ($1.8 million) in 2025 compensation as lower short-term bonuses offset a base salary bump.

Omokolade Ajayi Omokolade Ajayi
South African banking executive Andiswa Bata.
ExecutivesHot News

South African executive Andiswa Bata gets $1.2 million Nedbank pay

Andiswa Bata earned $1.2 million in 2025 at Nedbank, combining salary, incentives, and buyouts tied to her executive role.

Omokolade Ajayi Omokolade Ajayi
Nedbank COO Mfundo Nkuhlu.
Hot NewsExecutives

Nedbank COO Mfundo Nkuhlu pockets $2.2 million in 2025 pay package

Nedbank COO Mfundo Nkuhlu’s 2025 pay totals R35.2 million ($2.2 million) as bonuses and stock awards decline despite steady bank performance.

Omokolade Ajayi Omokolade Ajayi
Nedbank regional office, Cape Town
BusinessHot News

Nedbank backs Anthem Group’s $353 million green energy expansion

Nedbank backs Anthem Group with $353m green energy funding, boosting South Africa’s renewable power and IPP expansion drive.

Timilehin Adejumobi Timilehin Adejumobi
NCBA House
BusinessHot News

Nedbank moves closer to acquiring Kenya’s NCBA  

Nedbank clears a key hurdle in its $870 million bid for a 66% stake in NCBA, advancing its East Africa expansion.

Timilehin Adejumobi Timilehin Adejumobi