Family Bank has signed a trade finance facility with the African Development Bank valued at KSh1.3 billion (approximately $10 million).
The agreement gives the lender foreign-currency funding that will be lent to small and medium enterprises and local corporates operating in manufacturing, agriculture, healthcare, renewable energy and women-owned businesses.
Micro, small and medium enterprises make up more than 80 per cent of Family Bank’s customers and are the primary target of the new line.
Chief Executive Officer Nancy Njau said the facility strengthens the bank’s capacity to scale up lending to MSMEs while addressing financing gaps that constrain business growth.
AfDB East Africa Director General Alex Mubiru said the partnership demonstrates a commitment to strengthening Kenya’s financial ecosystem and supporting intra-African trade and the AfCFTA agenda.
AfDB head of trade finance Lamin Drammeh said the financing will ease pressure on Kenyan importers and exporters and will help close Africa’s trade finance gap, which he estimated at more than $74 billion.
Earlier AfDB estimates placed the continent’s trade finance shortfall at about $82 billion, showing a difference between the two figures.
The new facility matches the size of one of three parts of a $30 million Trade and SME Finance Facility that the AfDB board approved in March 2023.
Family Bank previously signed a €50 million agreement with the European Investment Bank to fund women, youth and SMEs.
The bank listed on the Nairobi Securities Exchange on June 23, 2026 at KSh18 per share and was trading at KSh27.95 on the following Monday.
As of June 2026 the lender reported total assets of KSh238.9 billion and deposits of KSh180.2 billion.
In the half-year it disbursed KSh35.6 billion to retail and MSME customers and KSh15.2 billion to commercial clients.
Nancy Njau joined Family Bank in 2002 as a graduate clerk and became CEO in January 2024, steering a 2025-2029 strategy to become the “Preferred Bank for Biashara”.
