Family Bank Wins CMA Approval for NSE Listing in Landmark Move Set for June 23 Debut

By Emanuel Kipkoech 

Family Bank has received approval from the Capital Markets Authority (Capital Markets Authority) to list its shares on the Nairobi Securities Exchange (Nairobi Securities Exchange), marking a significant milestone for the lender and Kenya’s banking sector.

The bank is set to officially list on June 23, 2026, through a listing by introduction. This approach will allow existing shareholders to trade their shares publicly without the bank issuing new shares or raising additional capital.

Speaking after receiving approval, Family Bank Managing Director Nancy Njau described the move as a key step in the institution’s long-term growth strategy.

“Our vision to positively transform people’s lives in Africa has remained unchanged, and this listing will accelerate the realization of that vision,” Njau said.

She added that the bank had spent several years preparing for the listing to ensure it enters the market from a position of financial strength.

“In line with this ambition, and in our commitment to enhancing shareholder value and improving liquidity, the decision for the bank to list follows years of strategic preparation,” she said.

According to the Nairobi Securities Exchange, public listings typically enhance transparency, strengthen corporate governance, and boost investor confidence in financial institutions.

Family Bank noted that it will not be raising fresh capital during the listing, citing its strong financial position. In 2025, the lender successfully raised Sh8 billion through a private placement, exceeding its Sh6.09 billion target by 131%.

Njau said the capital raise significantly strengthened the bank’s balance sheet and positioned it for future expansion.

“Through the capital-raising initiatives, we have strengthened our balance sheet and remain confident in our strategy and ability to deliver sustainable growth,” she said.