Tag Archives: Takeover

BIG BET OR BIG RISK? Nedbank’s 1.4x premium pay for NCBA takeover raises eyebrows

February 20, 2026 Comments Off on BIG BET OR BIG RISK? Nedbank’s 1.4x premium pay for NCBA takeover raises eyebrows

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Nairobi was buzzing this week when Nedbank Chief Executive Jason Quinn landed in town with one mission — defend a jaw-dropping deal. The South African banking giant has tabled about $855 million (Shs3.01 trillion) for a 66 percent stake in NCBA Group, valuing one of East Africa’s biggest banks at roughly 1.4 times book value. In a market where recent …

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EXPOSED! Late Fadhul’s Son, Ex-Custodian Board Boss Sam Male Implicated in Madhvani, Minister Kaboyo War Over Sh3.7Bn Ripon Hotel Takeover 

October 24, 2025 Comments Off on EXPOSED! Late Fadhul’s Son, Ex-Custodian Board Boss Sam Male Implicated in Madhvani, Minister Kaboyo War Over Sh3.7Bn Ripon Hotel Takeover 

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The ghost of former Amin-era strongman Brig Gen. Ali Fadhul has returned to haunt two of Uganda’s powerhouses — Minister Alice Kaboyo and industrial giants Madhvani Group — in a sizzling property war over the historic Ripon Falls Hotel in Jinja! Our Red Pepper online snoops have unearthed how Fadhul’s son allegedly played both camps, allegedly pocketing millions from the …

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