Who owns Middle East Bank Kenya? Meet its largest shareholder Esther Koimett

Former Principal Secretary Esther Koimett has been identified as the largest individual shareholder in Middle East Bank Kenya, holding a significant 17.48 percent stake in the privately-owned lender. This places her above any other shareholder in the bank, according to its investor-relations disclosures. The ownership structure shows that individual investors collectively account for 20.31 percent of the bank, while corporate shareholders control 79.69 percent.

Koimett's corporate journey has been closely aligned with her extensive experience in investment promotion, banking, public enterprise, and public policy. She served as Principal Secretary for Broadcasting and Telecommunications and later as Principal Secretary for Transport. Currently, she is listed as a director on Middle East Bank's board, having joined in February 2024. Her public service career has also included significant roles, such as coordinating the recovery operation following the Likoni ferry tragedy in 2019.

The ownership records of Middle East Bank Kenya reveal that 90.22 percent of its ownership is local, compared to 9.78 percent held by foreign investors. The bank was incorporated in Kenya in 1980 and began operations in 1981, with ownership becoming locally controlled in 1991 after Al-Futtaim sold its stake.

While Koimett's substantial stake in the bank is clear, the exact manner in which she acquired the shares or any connection to another person's estate remains unclear. Such questions would require documentary evidence rather than speculation. Nonetheless, it is evident that Esther Koimett is Middle East Bank Kenya's largest disclosed shareholder and a member of its board, adding another chapter to a career that has spanned government administration, policy, banking, and corporate leadership.