Family Bank: the institution wants to expand its activities outside Kenya : Orishas-finance

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Family Bank: the institution wants to expand its activities outside Kenya

15/05/2023

Source : ORISHAS FINANCE

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Family Bank: the institution wants to expand its activities outside Kenya

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Family Bank obtained a $30 million trade finance facility from the African Development Bank (AfDB) at the end of March. After that, she decided to expand her business outside of Kenya for the first time. She is also thinking of strengthening her local market.

As part of a private placement, over the next 12 months, the ^{14th Kenyan bank by assets held, Family Bank Ltd} is seeking to raise up to $100 million. This financing will allow the bank to buy a competing bank on the local Kenyan market and

to finance its regional expansion.

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