Esther Koimett Becomes Largest Shareholder in Middle East Bank Kenya
Esther Koimett, a former Principal Secretary, has become the largest shareholder in Middle East Bank Kenya, acquiring a 17.48% stake following a wealth transfer from her late father, Nicholas Biwott. The bank, initially owned by the Al-Futtaim Group, has seen its ownership structure shift to predominantly local investors. Koimett's involvement places her at the center of strategic decision-making within the bank. Her acquisition marks a significant move into the private sector after a long career in public service. The bank's core capital has recently increased, aligning with regulatory requirements and positioning it for future growth. 
