Family Bank Raises KES 8 Billion in Oversubscribed Private Placement, Exceeding Target by 131%
Family Bank has successfully raised KES 8.004 billion in a private placement, exceeding its KES 6.09 billion target. The funds will drive transformation..
✨ Key Highlights
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.
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Family Bank Raises KES 8 Billion, Govt Sells Safaricom Stake, and Bolttech Acquires mTek - December 2025
Family Bank has successfully completed its private placement of ordinary shares, raising KES 8.004 billion in an oversubscribed round that exceeded its KES 6.090 billion target by 131%. In a separate deal, the Government of Kenya plans to sell a 15% stake in Safaricom PLC to Vodafone Kenya, which could generate between KES 240.5 billion and KES 244.5 billion. This divestment is aimed at funding the establishment of the National Infrastructure Fund and the Sovereign Wealth Fund. Additionally, global insurtech firm Bolttech has acquired mTek, a Nairobi-based digital insurance platform. The acquisition will expand Bolttech's presence in East Africa and strengthen its embedded insurance capabilities.
