NAIROBI, Kenya — NCBA Group PLC has appointed prominent businessman Muhoho Kenyatta as a Non-Executive Director, effective December 1, 2025, in a move that signals the bank’s intention to deepen strategic leadership amid robust financial performance.
The board’s announcement was made public on Wednesday by Group Managing Director John Gachora.
Kenyatta, whose career spans over 35 years across manufacturing, insurance, healthcare, banking, and infrastructure, brings to NCBA a long track record of corporate governance and sectoral leadership. He has previously served on the boards of institutions including the Kenya Association of Manufacturers, the Kenya Private Sector Alliance, the Kenya Dairy Board, and the Kenya Shippers Council.
During 2000–2019, he also held a senior role in one of the predecessor firms of NCBA, and served as director at NCBA Bank Uganda.
In addition, Kenyatta remains active in NCBA’s digital banking strategy through his position on the board of the bank’s subsidiary LOOP DFS Limited. He holds a Bachelor of Arts in Economics and Political Science from Williams College in the United States, and earned further executive training via a Pan-African Advanced Management certification jointly offered by IESE Business School (Spain) and Strathmore Business School (Kenya).
His appointment comes shortly after NCBA reported strong third-quarter 2025 financial results. The Group posted a profit after tax of Sh 16.4 billion, an 8.5pc increase year-on-year.
Operating income rose by 13.8pc to Sh 53.4 billion, while total assets reached Sh 665 billion and customer deposits stood at Sh 488 billion. According to the bank, it also disbursed Sh 1 trillion in digital loans during the first nine months of the year.
The move to add Kenyatta to the board can be interpreted as part of NCBA’s efforts to consolidate governance and strategic oversight amid strong growth and amid ongoing speculation about an industry-shifting merger.
In October 2025, media reports suggested that Standard Bank Group was exploring acquisition talks with NCBA — a development that sparked a surge in the bank’s share price and stirred investor interest across the Kenyan banking sector.
With Kenyatta’s appointment, NCBA appears to be strengthening its leadership bench even as it navigates both promising growth and evolving market uncertainty in Kenya’s financial services landscape.
