Nairobi, June 21 -- Family Bank shares on Tuesday will start trading on the Nairobi Securities Exchange (NSE), allowing shareholders, including its founder Titus Kiondo Muya, to sell their stakes to interested investors.

It is a watershed moment for Mr Muya, popularly known as TK, as he proudly watches a bank he founded more than 42 years ago grow from a modest idea to a listed firm.

Mr Muya and his associates, including members of his family, hold a combined 35.6 percent stake in Family Bank, well above the 25 percent ownership cap imposed by the Central Bank of Kenya (CBK).

While the Capital Markets Authority (CMA) requires top shareholders in companies listing by introduction-where no new capital is raised, and there is no initial p...