**Nedbank's Bold Move to Retain NCBA Staff in Kenyan Acquisition** In a rare show of commitment, Nedbank Group, South Africa's fourth-largest bank, has pledged to retain all current employees of NCBA, a leading Kenyan lender, after completing its proposed acquisition. This bold move has sent shockwaves across the East African banking landscape, where mergers and acquisitions have often led to painful job cuts and disruptions to operations. **A New Chapter for East African Banking** Nedbank's acquisition of NCBA is a significant development in the region's banking sector, with the South African lender gaining a substantial foothold in East Africa. The deal, valued at $7.6 billion, is expected to create a powerful financial institution, with a combined workforce of over 3,700 employees. By committing to retain NCBA staff, Nedbank has demonstrated a willingness to prioritize continuity and stability, rather than the typical cost-cutting approach seen in similar deals. **A Departure from the Status Quo** Nedbank's pledge marks a departure from the standard practice of mergers and acquisitions in East Africa, where job cuts and branch closures have often accompanied takeovers. In contrast, the South African lender has chosen to prioritize the role of NCBA staff in its regional expansion strategy. This approach is expected to ease concerns among NCBA employees and customers, who may have been worried about the impact of the acquisition on their livelihoods. **A Bright Future for NCBA Employees** The commitment to retain NCBA staff will come as a welcome relief to the bank's employees, who will continue to play a central role in the enlarged group. As part of the deal, NCBA will retain its existing board structure, with Nedbank nominating at least two directors and current NCBA shareholders appointing one representative to Nedbank's board. This continuity is expected to ensure a smooth transition and minimize disruptions to the bank's operations. **Conclusion** Nedbank's decision to retain NCBA staff is a refreshing departure from the standard practice of mergers and acquisitions in East Africa. By prioritizing continuity and stability, the South African lender has sent a strong signal that it values the skills and expertise of NCBA employees. As the deal is completed, NCBA staff will continue to play a vital role in the enlarged group, shaping the future of the bank and its customers. This bold move is expected to have far-reaching implications for the East African banking sector, where the focus