Kenyan banker Titus Muya gains $12 million as Family Bank shares climb after listing
Titus Muya's Family Bank stake rose $12 million in the third quarter, the Kenyan lender's first full quarter as a listed company.
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Titus Muya's Family Bank stake rose $12 million in the third quarter, the Kenyan lender's first full quarter as a listed company.
Family Bank, founded by Kenyan tycoon TK Muya, has secured shareholder approval to list on the Nairobi Securities Exchange in 2026.
Family Bank targets $48 million private placement to fund regional expansion and strengthen capital after strong H1 profits.
Family Bank Limited is a commercial bank headquartered in Nairobi and led by Kenyan banker Rebecca Mbithi.
The move comes after the bank raised $39 million against a $27.8-million target in its issued bond.