Family Bank has opened its 96th branch in Kilifi County, enhancing its presence in the coastal region with a commitment to improve financial access and support SMEs.

• New branch located at Kilifi Plaza, serving as the 9th outlet in the coastal area.
• CEO Nancy Njau highlighted the branch's alignment with the Bank’s 2025–2029 Strategic Plan.
• Branch services include asset finance, business loans, trade services, women banking, and digital solutions.

The World Bank has revised Kenya’s economic growth forecast for 2025 downward from 5 percent to 4.5 percent, citing global financial challenges and weak private sector performance.

• Growth forecast for 2026 also reduced to 4.9 percent
• Key figure: Kamau Thugge, CBK Governor
• Central Bank of Kenya cut the benchmark lending rate by 50 basis points to 9.75 percent to stimulate economic activity

The Central Bank of Kenya (CBK) has cut the Central Bank Rate (CBR) by 25 basis points, from 10 percent to 9.75 percent, urging commercial banks to lower their lending rates to stimulate economic growth.

• CBR reduced to 9.75 percent
• Kamau Thugge, Governor of CBK
• Lending rates have decreased from 17.2 percent in November to 15 percent in May