This week’s T-Bill auction saw an overwhelming demand, with investors submitting bids worth Ksh 43.13 billion against a Ksh 24 billion offer. The 91-day Treasury bills interest rates stood at 8.37%.
CBK Rules Out Interest Rate Caps
The Central Bank of Kenya has clarified that it will not reintroduce interest rate caps and will stick with the interbank rate as the primary policy guide.
It also narrowed the interest rate corridor and cut the Discount Window Rate to support more effective monetary policy and boost lending.
Co-op Bank Reports 5.3% Profit Growth
Co-operative Bank posted a Ksh 6.93 billion profit after tax for Q1 2025, up from Ksh 6.58 billion in Q1 2024. The 22% growth in net interest income, from Ksh 11.7 billion to Ksh 14.2 billion, was the key driver.
Ogilvy Africa & Airtel End 15-Year Partnership
WPP Scangroup announced the conclusion of a long-term collaboration between Ogilvy Africa and Airtel Africa. The partnership played a key role in building Airtel’s brand presence across the continent.
TPS Eastern Africa Declares First Dividend Since 2018
TPS Eastern Africa Plc (Serena Hotels) posted a 2.8x jump in net profit to Ksh 1.3 billion for 2024. It declared a Ksh 0.35 per share dividend, payable on July 30 to shareholders registered by June 30.
Kenya’s $1.5B Eurobond Issuance a Success
Citi and Standard Bank Group led Kenya’s USD 1.5 billion Eurobond issue and USD 579 million buyback of the 2027 Eurobond. The move strengthens Kenya’s debt management strategy and boosts investor confidence.
Absa Officially Launches Custody Services Business
Absa Bank Kenya launched a new custody platform integrated with Euroclear, giving investors access to offshore investments including Eurobonds, global securities, and commodities such as the Absa Gold ETF.
#InvestedInYourStory #AbsaCustodyServices
Absa Partners with Women’s World Banking
The bank also announced a new partnership to boost financial inclusion for women entrepreneurs in Kenya, with a focus on credit access, tailored products, and capacity-building support.
Umeme Extends Uganda Government Talks
Uganda-listed Umeme announced that negotiations with the government have been extended until May 20, 2025. It also committed to releasing financial results by May 31, regardless of the outcome of the talks.
I&M Group Issues New Shares
Following shareholder approval, I&M Group has completed the issuance of 86.5 million new shares to East Africa Growth Holding as part of its expansion strategy.
Upcoming Events
KPMG Venture Summit
May 26–30 | Villa Rosa Kempinski
The 2025 KPMG Private Enterprise Africa Venture Summit is set to explore strategies to support African founders. Abojani CEO Robert Ochieng will be speaking on how to build investable, scalable businesses.
Register here: https://t.co/iq2xuINbMg
Busy Week Ahead
Expect a flurry of Q1 2025 earnings, AGMs, dividend payments, and investor briefings from top players like KCB, Equity, NCBA, BAT Kenya, I&M, and more.
Save the Dates
Abojani Economic Empowerment Conference 2025
Friday, 22nd November 2025 | Radisson Blu, Upper Hill
Theme: Ownership Economy & Self-Sustenance
Our biggest event of the year returns! Let’s talk about long-term wealth, control, and sustainability. Save the date.
Champions League Watch Party + Offshore Investing Mixer
Saturday, 31st May 2025 | Alloy Bar, Sarit Centre (6th Floor)
Join us for an evening of ‘Dollars and Fun’! PSG takes on Inter Milan in the Champions League Final.
Offshore investing networking session starts at 8:00PM
Match Kickoff: 10:00PM
June Online Masterclass (68th Edition)
9th–27th June 2025 | 7–8PM EAT
We are back with yet another online masterclass covering topics about personal finances, investing in stocks, unit trusts, treasury bills and bonds, and SACCOs.
Early Bird: 20% off until May 31st 2025
#Treasury Bills
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