We’re in the 43rd week on the year 2024
Our weekly highlights:
The week started with the Central Bank of Kenya giving greenlight to one of the largest and most influential financial institutions in the world, JP Morgan Chase Bank, to establish a representative office in Kenya, ending a 12 year wait.
- The bank then appointed Sailepu Montet, former deputy director of financial markets at the Central Bank of Kenya (CBK), as its country manager for Kenya. Montet has served as CBK’s deputy director of financial markets and head of reserves management since July 2021.
- This week, investors ran for the shorter term government securities, raising a total Ksh 34.5 Bn for the government, against the Ksh 24 Bn that was on offer.
- Government also released results for the 10 year Treasury Bonds Tap Sale , which has seen the government raise Ksh 15.1 Bn
- I&M Group announced it is planning to issue up to 86.5 million new ordinary shares. These new shares will be purchased by East Africa Growth Holding (EAGH) at a set price of KES 48.42 per share.
- Investors smiled all the way to the banks as BOC Kenya disbursed its interim dividend of Ksh. 2.50 per share to shareholders early in the week
- Additionally, Absa Bank Kenya’s shareholders pockets were heavy as they were paid the 2024 interim dividend of Ksh 0.20 per share
- Safaricom extended its M-PESA Global service to Ethiopia allowing customers to make mobile money transactions from Kenya to Ethiopia.
This expansion aims to increase mobile money use and penetration across Ethiopia boosting local economies as well as creating opportunities for individuals and businesses across the region.
- NCBA, one the leading Tier 1 Banks in Kenya officially kicked off their 2024 Johari Awards. The award will celebrate excellence in the insurance and asset finance sectors, honoring top performers across various cities in Kenya, culminating in a grand finale in Nairobi.
- The bank also did the unimaginable, they took over 100 Business Customers to China for a market familiarization trip.The customers on this trip will gain valuable insights into the latest business trends and technologies that make China a global trade leader.
- And on Thursday, the @EUinKenya was live on Social Media, sharing Keynote Speeches and Panel Discussions to help early stage businesses and young entrepreneurs launch and grow successful businesses to create jobs in Africa.
- During the event, the European Investment Bank (EIB Global) and KCB Bank Kenya announced a €230 million (KShs. 32 billion) partnership to support small and medium enterprises (SMEs), youth and women in Kenya.
- Looking ahead, we are very ready for the 4th Abojani Economic Empowerment Conference that will take place on 23rd November 2024.
We invite you to book a seat today at our table!
Call: 0763 682 116 or Email: learning@abojani.com
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.
