Credit Bank , a Nairobi-based commercial bank owned by the family of the late Kenyan politician and businessman Simeon Nyachae is seeking fresh shareholder approval for a 35 million capital-raising plan. This comes as the lender looks to strengthen its regulatory footing, expand digital banking services and grow lending to small and medium-sized enterprises SMEs.
An extraordinary general meeting is scheduled for Dec. 19, 2025, where investors will consider several proposals. These include a private placement of up to 45 million shares at Ksh100 0.77 each, the issuance of preference shares, a land-for-shares deal valued at Ksh1.2 billion 9.3 million and a 1.5 million convertible note for ShoreCap III LP.
Credit Bank plans Nairobi land purchase
