Editor's Review

The Nairobi Securities Exchange (NSE) has lifted the suspension of trading in NCBA Group shares. 

The Nairobi Securities Exchange (NSE) has lifted the suspension of trading in NCBA Group shares. 

In a notice on Tuesday, November 3, NSE announced that the suspension, which took effect at the close of trading on Wednesday, October 21, has been lifted.

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“The Nairobi Securities Exchange Plc (NSE) hereby notifies the investing public and market participants that the suspension of trading in the ordinary shares of NCBA Group Plc, which took effect at the close of trading on Wednesday, 21 October 2026, will be lifted with effect from Tuesday, 3 November 2026,” read the statement in part. 

However, NSE said trading in NCBA shares will be temporarily halted on Tuesday to facilitate the execution of a block trade through the NSE Block Trade Board.

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Collage photo of Nedbank and NCBA Bank branches

This follows the planned acquisition of approximately 66 percent of NCBA Group’s ordinary shares by Nedbank Group Limited. 

NSE said the temporary trading halt was necessary to facilitate the orderly execution and settlement of the transaction. 

“Following the lifting of the suspension, trading in NCBA Group Plc shares will be temporarily halted on Tuesday, 3 November 2026, to facilitate the execution of a block trade through the NSE Block Trade Board, pursuant to the acquisition by Nedbank Group Limited of approximately 66% of the issued ordinary shares of NCBA Group Plc,” the exchange stated. 

Further, NSE said trading in NCBA shares will resume once the block trade process is completed.

Earlier in the year, Nedbank tabled a multibillion-shilling bid to acquire a controlling stake in NCBA Group Plc.

The proposed transaction, which values the targeted stake at about Ksh110 billion based on the offer terms, would see Nedbank acquire effective control of NCBA while retaining a substantial public float on the NSE. 

In a public notice on Monday, February 9, NCBA informed shareholders and the investing public that Nedbank had served it with an Offeror’s Statement outlining the structure, conditions and strategic rationale of the proposed deal.