Family Bank secures approval for long-awaited NSE listing

Share

Family Bank, a Kenyan bank with assets worth KES 230.3 billion ($1.78 billion), has received the Capital Markets Authority’s approval to list on the Nairobi Securities Exchange on June 23.

The listing will allow existing shareholders to trade their shares on the NSE without raising new capital. It comes after Family Bank raised KES 8 billion ($61.8 million) in a 2025 private placement, exceeding its KES 6.09 billion ($47.1 million) target.

The move ends the lender’s five-year-long push to go public and comes at a time when the NSE is seeking to attract new listings after a prolonged bear run. Most recent market activity has been driven by secondary share sales, bond issues and rights offers rather than initial public offerings (IPOs).

“The decision for the Bank to list follows years of strategic preparation to ensure we list from a position of strength,” Family Bank Managing Director Nancy Njau said in a statement on Thursday.