Nairobi, Jan. 22 -- The launch of the Sh106.3 billion Kenya Pipeline Company (KPC) IPO and South African lender Nedbank's Sh109.9 billion offer for a 66 percent stake in NCBA Group have helped the Kenyan capital market continue the recent deals momentum that yielded transactions worth more than Sh700 billion in 2025.

Nedbank announced its bid for a controlling stake in NCBA on Wednesday, which will be executed through a cash and stock compensation plan.

Nedbank will cover 80 percent of the consideration by issuing its shares to eligible NCBA shareholders at a rate of 4.029 shares for every 100 NCBA units, with the remaining portion of 20 percent to be settled in cash at a price of Sh2,100 per 100 shares.

The share purchase deal is the ...