Nairobi, May 6 -- Businessman Muhoho Kenyatta is the top individual shareholder in NCBA Group with 227.3 million shares currently valued in the market at Sh20 billion, making it the largest disclosed personal fortune on the Nairobi Securities Exchange (NSE).

The bank disclosed in a May 4 circular to shareholders that Muhoho, part of the business dynasty of Kenya's founding President Jomo Kenyatta, holds the NCBA shares directly and indirectly through investment vehicles.

This is the first time the full extent of Muhoho's interest in NCBA has been revealed, with the disclosure made in connection with Nedbank Group's offer to acquire a controlling 66 percent stake in the Kenyan bank.

He joined the board of NCBA as a non-executive directo...