# Commercial Bank of Africa

Commercial Bank of Africa is a Bank / Wealth / Trust based in Nairobi, Kenya.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Nairobi, Kenya
- **Region:** Africa
- **Address:** Nairobi, Kenya
- **Founded:** 1962
- **Assets under management:** Undisclosed
- **Website:** cbagroup.com
- **LinkedIn:** https://www.linkedin.com/company/cba-bank

## Regulatory record

- **Reports private funds:** No

## About

Commercial Bank of Africa is a commercial bank based in Kenya. It merged with NCBA on October 3, 2019.

## Sectors

- Financial Services
- Digital Banking

## Questions

### Who controls the Commercial Bank of Africa?

The bank is majority-owned by the Kenyatta family, with the stake historically held through the family's investment vehicle. Following the 2019 merger with NIC Group to form NCBA Group, the Kenyatta family and other legacy CBA shareholders became substantial shareholders in the combined listed entity. Public filings show the family remaining among the largest individual bloc of investors.

### What happened to CBA after the NCBA merger?

In 2019, CBA executed a share-swap merger with NIC Group to create NCBA Group PLC, which trades on the Nairobi Securities Exchange. The merged entity continued operating all CBA and NIC legacy brands, infrastructure, and partnership agreements — including the M-Shwari agreement with Safaricom. CBA shareholders controlled the majority of the combined entity at closing.

### Does CBA still operate independently?

No. CBA ceased to exist as a separately licensed entity following the completion of the merger with NIC Group on October 1, 2019. All assets, liabilities, and contracts transferred to NCBA Group. The legacy CBA subsidiary operations in Tanzania, Uganda, and Rwanda were rebranded under the NCBA banner.

### What is CBA's investment exposure in East Africa?

Legacy CBA had full banking subsidiaries in Tanzania, Uganda, and Rwanda, with a representative office in Côte d'Ivoire. The bank's loan book concentrated on Kenyan and Tanzanian corporate credit alongside the digital micro-loan portfolio generated through the Safaricom partnership. As part of NCBA, that East African footprint is now integrated into a broader regional corporate, retail, and digital banking network.

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Last updated: 2026-06-03T20:00:00.000Z

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