Muya and allies free to sell their Family Bank shares on listing

Family Bank founder Titus Muya and his associates will be free to sell their shares in the lender without restrictions once the company lists on the Nairobi Securities Exchange (NSE) on Tuesday next week.

This is because the top owners were exempted from the customary lock-in period of two years that is partly aimed at reassuring prospective investors that insiders are not looking for a quick exit.