Family Bank has successfully completed its private placement of ordinary shares, raising an impressive KES 8.004 billion. This significantly oversubscribed round, exceeding its KES 6.090 billion target by 131%, demonstrates strong investor confidence in the bank's growth strategy.

• The capital raised will be directed towards digitization transformation, lending activities, and both local and regional business expansion.
• Family Bank Chairman Lazarus Muema highlighted the "resounding vote of confidence" in the bank's business model and commitment to serving SMEs, agriculture, and underserved communities.
• The private placement attracted diverse participation from fund managers, pension funds, insurance companies, individuals, and corporate institutions.
• Family Bank CEO Nancy Njau stated that the additional equity will significantly bolster capital ratios and accelerate lending to priority sectors like MSMEs and green financing.
• Standard Investment Bank (SIB) and Sterling Capital served as the Lead Transaction Advisor and placement agents for the offering.

Bolttech, a global insurtech firm, has acquired mTek, a Nairobi-based digital insurance platform, to expand its presence in East Africa and strengthen its embedded insurance capabilities.

• mTek, launched in 2019, allows users to compare, buy, and manage insurance policies digitally and has grown to over 250,000 customers.
• The acquisition aims to accelerate digital transformation in insurance and extend embedded protection across the region, with mTek’s leadership team, including Chief Executive Officer Bente Krogmann, continuing to run operations.
• This move highlights rising interest in Kenyan insurtech startups, which address the country's low insurance penetration rate, estimated at about 3%.

The Government of Kenya plans to sell a 15% stake in Safaricom PLC to Vodafone Kenya, potentially generating between KES 240.5 billion and KES 244.5 billion. This divestment aims to fund the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund.

• The transaction values the stake with a 23.6% premium over the six-month volume weighted average price.
• Treasury Cabinet Secretary John Mbadi stated the proceeds will become seed capital for strategic national funds, supporting long-term economic planning.
• After the sale, Safaricom's ownership structure would be: Vodafone Kenya Limited – 55%, Government of Kenya – 20%, and Retail Investors – 25%.
• The proposal follows Safaricom's strong financial performance, including a net income rise of 52.1% to KSh 42.8 billion in its HY26 results.