East Africa: Kenya’s Family Bank Gets Approval for Nairobi Listing

Family Bank received approval from Kenya’s Capital Markets Authority to list on the Nairobi Securities Exchange on June 23, ending a 5-year push to go public.

The listing will allow existing shareholders to trade their shares on the NSE, but the bank will not raise new capital. Family Bank said its balance sheet is strong enough after a 2025 private placement raised KES8 billion, or about $61.8 million, above its KES6.09 billion target.

The lender, founded in 1984 as Family Finance Building…