Credit Bank is seeking shareholder approval to raise up to Sh4.5 billion through a private placement and other financial maneuvers, aiming to bolster its capital base and fund growth.

• The bank plans to issue up to 45 million ordinary shares at Sh100 each to existing shareholders and qualified investors.
• An Extraordinary General Meeting (EGM) is scheduled for Friday, December 19, 2025, to discuss these proposals.
• Credit Bank also seeks to acquire land on Kiambere Road, Upper Hill, valued at Sh1.2 billion, from Shangrilas Villas Co. Ltd in exchange for 12 million ordinary shares.
• Additionally, a USD 1.5 million convertible note will be issued to ShoreCap III LP to supplement its capital.

NCBA Bank and HEVA Fund have partnered to launch bespoke credit products for Kenya’s creative economy, addressing a long-standing gap in financial services for artists and creative enterprises.

• The initiative introduces five financing options including Event Financing, Invoice Discounting, and Working Capital, structured to suit the cash-flow realities of creative work.
• This partnership is significant as the creative economy contributes an estimated 5.3 percent to Kenya’s GDP and supports over 300,000 entrepreneurs.
• NCBA Group Managing Director John Gachora noted the need to bridge the gap between traditional banking and the largely informal creative sector.
• The financing model features a 50:50 shared-risk structure, with NCBA and HEVA jointly evaluating and supporting applicants.