Family Bank secures CMA approval for NSE listing set for June 23

Family Bank has received approval from the Capital Markets Authority (CMA) to proceed with its listing on the Nairobi Securities Exchange (NSE), paving the way for the bank to offer its shares for trading on the public market.

The listing, which will be undertaken through an introduction, will allow existing shareholders to trade their shares on the NSE while expanding investor participation and improving price discovery through a transparent, market-driven system.

Family Bank Managing Director and CEO Nancy Njau said the move reflects years of strategic preparation and a strong capital position.

“Our vision to positively transform people’s lives in Africa has remained unchanged, and this listing will accelerate the realisation of that vision. In line with this ambition, and in our commitment to enhancing shareholder value and improving liquidity, the decision for the bank to list follows years of strategic preparation to ensure we list from a position of strength,” she said.

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The bank noted that the listing by introduction is supported by its solid capital base, adding that it is adequately capitalised and does not require immediate external fundraising.

In 2025, the lender successfully completed a private placement exercise that raised Ksh 8 billion against a target of Ksh 6.09 billion, representing a 131 per cent subscription rate. The capital raise significantly strengthened its balance sheet and supported its growth strategy.

“Through the capital raising initiatives, we have strengthened our balance sheet and remain confident in our strategy, our capital position, and our ability to deliver sustainable growth and long-term value. The bank is well positioned for growth as per our 2025–2029 strategic plan anchored on being the preferred bank for biashara,” Njau added.

Following the approval, Nairobi Securities Exchange is expected to list Family Bank on June 23, 2026, marking a key milestone in its expansion and long-term value creation agenda.

By Frank Mugwe

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