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HomeDaily NewsTuesday, June 23, 2026Family Bank Debuts on NSE With Sh29.9bn Valuation - June 2026
Business & Economy4 stories from 2 sources

Family Bank Debuts on NSE With Sh29.9bn Valuation - June 2026

Family Bank has officially debuted on the Nairobi Securities Exchange (NSE), marking a significant moment for the Kenyan financial sector and its capital markets with a valuation of Sh29.9 billion. Mobile money subscriptions in Kenya have surged by 2 million to reach a total of 53.4 million in the third quarter of the 2025/26 financial year, indicating widespread digital financial adoption. The National Treasury faces intense pressure to disburse Sh68.5 billion to county governments within the next month to meet constitutional obligations before the close of the financial year. Additionally, Kenya has secured a substantial Sh22 billion financing package from Japan to bolster its automotive sector and implement energy reforms, aiming to accelerate industrialization and diversify funding sources.

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Tuesday 1:40 PMCapital Business

Family Bank debuts on NSE with Sh29.9bn valuation

Family Bank debuts on NSE with Sh29.9bn valuation

Family Bank has officially debuted on the Nairobi Securities Exchange (NSE), marking a significant moment for the Kenyan financial sector and its capital markets.

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Key Highlights

Family Bank has officially debuted on the Nairobi Securities Exchange (NSE), marking a significant moment for the Kenyan financial sector and its capital markets.

  • The bank's shares were listed with an introductory price of Sh18 each, valuing the lender at approximately Sh29.9 billion.
  • Key figures involved include Family Bank Founder T.K. Muya, CEO Nancy Njau, CBK Chair Andrew Musangi, and NSE CEO Frank Mwiti.
  • This listing represents the largest private-sector debut on the NSE in over 17 years and allows for existing shareholder trading without raising new capital.
Tuesday 9:12 AMCapital Business

Mobile money users in Kenya rise by 2mn to 53.4mn

Mobile money users in Kenya rise by 2mn to 53.4mn

Mobile money subscriptions in Kenya have surged by 2 million to reach a total of 53.4 million in the third quarter of the 2025/26 financial year.

Read Story

Key Highlights

Mobile money subscriptions in Kenya have surged by 2 million to reach a total of 53.4 million in the third quarter of the 2025/26 financial year.

  • Mobile money subscriptions grew by 3.9 percent, reaching 53.4 million users.
  • Safaricom dominates the market with 89.1 percent of total mobile money subscriptions and its M-Pesa platform processed transactions worth Sh41.68 trillion in the last financial year.
  • The number of registered mobile money agents saw a significant increase of 20.2 percent, rising to 602,470.
Monday 7:04 PMNation BusinessFirst

Treasury pressured to disburse Sh68.5bn to counties in one month

Treasury pressured to disburse Sh68.5bn to counties in one month

The National Treasury faces intense pressure to disburse Sh68.5 billion to county governments within the next month to meet constitutional obligations before the close of the financial year.

Read Story

Key Highlights

The National Treasury faces intense pressure to disburse Sh68.5 billion to county governments within the next month to meet constitutional obligations before the close of the financial year.

  • Outstanding disbursement amount: Sh68.5 billion
  • Key entities involved: National Treasury and County Governments (represented by the Council of Governors)
  • Context: Delays risk stalling essential services and accruing pending bills, exacerbated by national cash flow constraints and high debt servicing costs (Sh1.71 trillion in 11 months to May).
Monday 10:17 PMCapital Business

Sh22bn Japan funding to support vehicle assembly, energy reforms

Sh22bn Japan funding to support vehicle assembly, energy reforms

Kenya has secured a substantial Sh22 billion financing package from Japan to bolster its automotive sector and implement energy reforms. This funding aims to accelerate industrialization and diversify the country's funding sources.

Read Story

Key Highlights

Kenya has secured a substantial Sh22 billion financing package from Japan to bolster its automotive sector and implement energy reforms. This funding aims to accelerate industrialization and diversify the country's funding sources.

  • The largest portion, Sh13.1 billion, will support Kenya's National Automotive Policy to boost local vehicle assembly.
  • The agreement was signed by Treasury Cabinet Secretary John Mbadi on behalf of Kenya and NEXI Chairman and Chief Executive Officer Atsuo Kuroda.
  • Additional funding includes Sh5 billion for reducing energy losses and Sh4 billion for broader government reforms, marking Kenya's entry into Japan's capital markets via a Samurai bond structure.
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