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Originally published by Kenyans
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August 11, 2026
1h ago

Former PS Acquires Major Stake in Local Bank After Inheriting Shares

Former PS Acquires Major Stake in Local Bank After Inheriting Shares

A multimillion-shilling inheritance has placed former Principal Secretary Esther Koimett among the bank’s biggest individual investors...

✨ Key Highlights

Former Principal Secretary Esther Koimett is now the largest individual shareholder in a Kenyan commercial bank, holding a 17.48 per cent stake after inheriting wealth from her late father, Nicholas Biwott.

  • Koimett holds 17.48 per cent of the bank's shares, surpassing corporate shareholders.
  • The stake was inherited from her father, businessman and former Cabinet minister Nicholas Biwott.
  • This significant individual ownership places Koimett among prominent Kenyan women investors in the financial sector.

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