Credit Bank, led by Kenya’s Nyachae family, wins $35 million shareholder backing
Billionaires Africa | 27.12.2025 17:59
Credit Bank Plc, the Nairobi-based lender owned by the family of the late Kenyan politician and businessman Simeon Nyachae, has secured shareholder approval to raise Ksh4.5 billion ($35 million) through a rights issue, a move aimed at shoring up its balance sheet and meeting tougher capital rules set by Kenya’s banking regulator.
