Eyeing the bourse : Family Bank...

Family Bank, buoyed by record quarterly profits and steady deposit growth, is charting a path to a 2026 NSE listing while navigating rising costs, a dip in forex income, and a modest uptick in non-performing loans.

Welcome to today's newsletter edition. We have compiled the most insightful business stories to kickstart your weekend… I am Brian from The Kenyan Wall Street.

EYEING THE BOURSE : Family Bank’s Q1 Performance and Listing Interest…

Family Bank plans to list on the Nairobi Securities Exchange by 2026, preferably through a listing by introduction. The bank is actively seeking capital from institutional investors on favorable terms to support this move. If that funding doesn’t materialize, key shareholders, including the Muya family, are prepared to back a fresh share issuance.

Q1 Financial Highlights

🟢 Net profit rose 15.4% year-on-year to KSh 1.05 billion, marking the bank’s first billion-shilling quarter.

🟢 Net interest income increased 34% to KSh 3.25 billion, driven by higher returns from government securities and loan growth.

🟢 Non-interest income surged 44% to KSh 1.71 billion, while forex trading income fell 71% to KSh 93.6 million.

🟢 Customer deposits grew 19.2% to KSh 132.28 billion, and total assets rose to KSh 174.04 billion.

Here is the full breakdown >>>>>

Today's Poll

SHIFTING WINDS : StanChart Q1 Profits Slip 

Standard Chartered Bank Kenya posted a 13.5% drop in Q1 2025 net profit, halting a multi-year earnings rally as forex income sharply declined. While capital and liquidity buffers remain strong, the dip in both customer deposits and loan books signals a cautious recalibration amid market headwinds.

Key Financial Highlights – Q1 2025 vs Q1 2024:

🔴 Operating Income: KSh 11.60Bn ▼11.2%

🔴 Net Interest Income: KSh 8.21Bn ▼0.8%

🔴 Non-Interest Income: KSh 3.39Bn ▼29.3%

🟢 Profit After Tax: KSh 4.86Bn ▼13.5%

Here is the full breakdown >>>>>

E-COMMERCE : Expanding Rural Internet Infrastructure

In a bold move to digitize rural Kenya, the Communications Authority (CA) has earmarked KSh 3.1 billion to shrink the postal gap and fuel e-commerce. The plan, part of a sweeping KSh 40 billion Universal Service Fund strategy, will install 2,500 km of fiber and transform Citizen Service Centres into tech-savvy community anchors.

It’s a high-stakes bid to turn couriers into conduits of growth, threading broadband and local content deep into underserved zones. Yet, while mobile money powers the boom, Kenya’s e-commerce dreams still wrestle with patchy logistics and fragile regulation. Read more »»»»»

 CAPITAL MARKETS

NSE Gainers And Losers

OPINION

AUGUSTINE : America Wants a Slice of Remittances

 Briefs 

On your watchlist 

Yesterday's Poll Results 

Where do you think Kenya's Energy prosperity lies?

🟩🟩🟩🟩🟩🟩 Renewable Energy (75%)

🟨⬜️⬜️⬜️⬜️⬜️ Non-Renewable Energy + Nuclear (25%)

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