CRDB is now Tanzania’s most profitable bank and the largest by assets. The bank’s profit after tax rose by 18.9% to Tsh 206.2 billion (Ksh 10.26 billion) in the first three months of 2026. Both CRDB and NMB are currently overvalued.
KCB Tanzania posted Ksh 1.2 billion (Tsh 23.7 billion) in pre-tax profits in Q1 2026, up 11% from the same period last year. The bank also crossed the Ksh 100 billion mark (Tsh 2 trillion) in assets.
NCBA Tanzania saw a 9% decline in profit before tax to Tsh 2.9 billion (Ksh 142 million) in Q1 2026, mainly attributed to a 7% decline in net interest income. Worth noting, non-interest income increased by 27% to Tsh 4.0 billion (Ksh 200 million), with 28% of NCBA Tanzania’s income coming from non-funded sources.
DTB Tanzania posted a 4% decline in profit before tax to Tsh 18.1 billion (Ksh 902 million) in Q1 2026, driven by a 34% decline in non-interest income.
For the month of April 2026, inflation came in at 5.6%, up from 4.4% last month.
Kenya Economic Survey 2026 is out. The economy grew by 4.6% in 2025. It is now the third-largest economy in Sub-Saharan Africa, with a GDP of $136 billion.
Good news for money market fund investors. The 91-day T-bill yield, which is a benchmark rate for money market funds, hit the 8.0% mark in the latest auction this week, up by 26 basis points.
The yield for 91 Days was 8.0398%, 182 Days 8.2115% and 364 Days T-Bill 8.5133%
I&M Bank is seeking to raise up to Ksh 20 billion through a Medium-Term Note (MTN) Programme. The first tranche of this issuance aims for KES 10 billion, with a greenshoe option of up to Ksh 3 billion.
Interest on the notes is set at 12.20% p.a., with payments made semi-annually. The minimum investment is Ksh 500,000, with additions in multiples of Ksh 50,000. Offer closes on 15th May 2026.
Car & General’s sales rose 21% to Ksh 25.3 billion in FY 2025, with 56% of revenue coming from Uganda and Tanzania. Profit after tax increased by 356% to Ksh 2.4 billion.
On the back of this strong performance, the company declared a final dividend of Ksh 3.12 per share, bringing the total dividend to Ksh 3.42 per share.
We hosted Standard Chartered Bank Kenya in our Knowledge Series on Q2 2026 Investment Opportunities for Long-Term Wealth Creators, featuring Ouma Orero (Head of Wealth Solutions) and Khushboo Dhutia (Head of Managed Investments & Investment Advisory).
Here is the recording: https://x.com/i/spaces/1DxleELnbEDKL?s=20
Our CEO, Robert Ochieng, spoke at the exclusive panel discussion hosted by the Association of Togolese Residents in Kenya (ATK) on how investors can understand, structure, and grow their assets in Kenya.
Upcoming Events
Safaricom Plc, East Africa’s most valuable company, will release its full-year 2026 results on Thursday, 7th May 2026.
The Group’s profit attributable to shareholders stood at Ksh 69.8 billion in FY 2025. Financial analysts expect net income to rise to Ksh 92.3 billion, up 32.3% from the same period last year.
We have prepared a pre-earnings report for you. Do take a look.
- We’re back with another Wisdom Series session “Motherhood & Money.”
- Join us on Wednesday, 6th May 2026 as we host Nancy Matimu, CEO of Serrari Group.
- Time: 7:00 PM – 8:00 PM EAT
Zoom Credential
- Link: https://bit.ly/MumsAndMoney2026
- Passcode: Mums2026
We will hold our Finance for Non-Finance Managers and Entrepreneurs session on 30th May 2026 at Radisson Blu, Arboretum.
Registration is currently ongoing.
#FinanceMadeSimple
And finally, we invite you to join our personal finance and investing masterclass, which runs from May 11th to May 29th, 2026.
The masterclass will cover personal finance, unit trusts, treasury bills and bonds, the stock market, and SACCOs.
You’ll also receive the 2026 Investment Handbook, three e-books, and access to the 2026 #1MilliChallenge.
#Q1 Results #CRDB Bank
CEO & Co-Founder, Abojani Investment
Robert Ochieng is a visionary entrepreneur and the co-founder of Abojani Investment, a leading financial education platform in Kenya that has empowered over 20,000 Africans to embark on their investment journeys. As CEO, he has demonstrated an unwavering commitment to financial literacy, successfully demystifying money and investments and making them accessible and relevant to individuals from all walks of life.
Running Thriving Investment Communities
Robert’s influence extends well beyond Abojani Investment’s core offerings. He has actively fostered a sense of community by running investment forums and groups with a vast following of over 300,000 Africans. These communities provide a safe space for individuals to exchange ideas, share experiences, and support each other on their investment journeys.
Vision for the Future
As co-founder of Abojani Investment, Robert envisions a financially empowered Africa. He strives to expand the reach of his financial education initiatives, enabling millions more to gain the knowledge and confidence needed to achieve their financial goals. His vision is to create a society where every individual has the tools and understanding to build lasting wealth and prosperity.
Professional Background
Robert Ochieng is a highly accomplished CEO at the helm of Abojani Investment, an investment and advisory firm in Kenya. He is a seasoned professional with over 14 years of experience in IT, Finance, and leadership.
His career includes key roles at prominent institutions such as Equity Bank, Gulf African Bank, Guaranty Trust Bank (GTBank) and Airtel.
Robert’s expertise has also been sought after by the National Treasury for consultancy on planning and budgeting systems, showcasing his exceptional knowledge and skills in the field. Passionate about driving meaningful conversations and collaborations between academia, industry, and the public sector, Robert actively engages in research projects focusing on digital transformation within the financial services sector. With his visionary leadership and strategic insights, Robert Ochieng continues to make a significant impact in the business world.
