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Jamii Bora back to market seeking Sh500 million in rights issue

Jamii Bora Bank Chief Executive Officer, Sam Kimani and Koto Housing Kenya Limited Chief Executive Officer Moses Nderitu during the MOU partnership today at Koto Housing Kenya offices in Mlolongo to provide affordable housing.PHOTO:JAMES WANZALA/STANDARD

Jamii Bora's rights issue closes at the end of this month. The issue is a private placement - the technical term for an issue involving only a limited number of shareholders in raising capital.

The bank has previously raised over Sh2 billion through rights issues since 2012.

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