Seven years after the October 2019 merger of NIC Group and Commercial Bank of Africa, NCBA Group reports share price growth, with its stock closing at KSh 88.25 in early October 2026, nearly triple its 2019 level. The deal gave former CBA owners a 53% stake and NIC holders 47%, integrated corporate, asset‑finance, retail and digital banking—including M‑Shwari—under John Gachora as managing director and James Ndegwa as group chairman.