Family Bank founder Muya earns Sh128mn as board pay rises
The payout places Muya among the bank’s highest-paid board members, driven largely by lump-sum benefits linked to his previous executive role as Chief Investment Officer. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Family Bank founder Titus Muya received a substantial payment of Sh128.63 million for the year ended December 2025, as disclosed in the lender's latest financial statements.
- Titus Muya's total director remuneration amounted to Sh128.63 million, primarily driven by lump-sum benefits from his former role as Chief Investment Officer.
- Family Bank reported a total board remuneration of Sh248 million.
- The pay disparity highlights legacy entitlements for founding figures versus independent directors.
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Copia faces insolvency petition over unpaid debts - May 2026
Kenyan e-commerce firm Copia Kenya is facing an insolvency petition at the High Court concerning unpaid debts, adding to challenges in Kenya's retail sector. This follows a significant profit surge at Car & General, which reported a fourfold jump in net profit to Sh2.4 billion for the year ended December 2025, driven by robust consumer segment sales. Family Bank founder Titus Muya received Sh128.63 million in board pay for the same period. In a separate legal development, digital lender Branch International Limited won a High Court case securing the right to deduct Sh796.7 million in loan write-offs from its tax assessment against the Kenya Revenue Authority.
