Family Bank · LEAD
The Founder’s Ransom: How Titus Muya Had to Be Paid Sh231 Million to Let Go of Family Bank and Why That Bill Is Now Yours
An investigation into the decade-long governance paralysis, the CEO carousel, the humiliating rights issue failure, the Mansa-X rescue, and the staggering ex-gratia payments that were the financial lubricant needed to finally move Kenya’s most founder-captured bank from private legacy to public liability. The listing on June 23, 2026 was not a triumph of vision. It was the completion of a transaction. And new shareholders are the ones who bought it.
