This week’s T-Bill auction was oversubscribed, raising Ksh 29.9B against a Ksh 24B offer.
- 91-day: 8.32%
- 182-day: 8.58%
- 364-day: 10.00%
Q1 Results Round-Up
NCBA Group reported a Ksh 5.5B profit after tax, up 3% from Q1 2024’s Ksh 5.3B. The bank also announced a major leadership update, appointing James M. Gossip as MD of NCBA Bank Kenya, effective 12th May. With over 30 years of international banking experience across Europe, Asia, and North America, his entry signals global ambition.
Also read: Banking Sector Q1 Results Reveal Regional Strength and Profit Surges
KCB Group recorded a strong Ksh 16.5B profit, 1.9% asset growth, and a 28.4% jump in shareholder funds, even with a decline in customer deposits.
Standard Chartered Bank Kenya posted mixed results — total assets dipped 2.3% to Ksh 382.3B, and PAT dropped 13.5% to Ksh 4.9B. However, NPLs improved by 26.1%, and shareholder funds rose 12%.
BK Group Plc delivered a 5.4% YoY profit jump to RWF 25.2B, supported by strong net interest income, efficient cost management, and robust asset quality.
Dividend Season: Nairobi Securities Exchange investors smiled all the way to the banks as several listed companies paid out dividends as had been scheduled.
Equity Group Named Superbrand
Equity Group Holdings Plc was recognized as a Superbrand in East Africa, highlighting its commitment to excellence, trust, and financial innovation.
Regulatory Updates from CMA
The Capital Markets Authority approved:
- 2 new fund managers: Meridian Asset Management and Swala Capital Limited
- Ndovu Wealth to offer several special funds
- 3 new corporate trustees: MTC Trust & Corporate Services, Standard Chartered Bank Kenya, and NCBA Group Plc
Safaricom Launches MSME Credit Solutions
Safaricom introduced upgraded business credit tools for MSMEs, including:
- Fuliza Biashara (overdraft)
- Taasi Till, a business credit offers short-term credit ranging between Kshs 1,500 to Kshs 250,000 depending on eligibility.
Finance for Non-Finance Professionals Workshop Recap
Yesterday’s workshop at Radisson Blu Arboretum turned balance sheets into stories and helped professionals across industries decode financial language with confidence. A great reminder that numbers drive strategy, and everyone can learn to read them.
NCBA & Strathmore Empower SMEs
38 SME customers graduated from the Enterprise Development Programme by NCBA and Strathmore Business School. After six months of hands-on strategy and leadership training, they’re now better equipped to navigate today’s business landscape.
#GoForIt #NCBATwendeMbele
Save the Date: Abojani Economic Empowerment Conference
Our 5th Annual Conference returns this November, themed “Ownership Economy & Self-Sustenance for African Households and Businesses.” It’s time to take back control of our financial narratives.
June Abojani Investment Masterclass
Finally, the 68th Abojani Masterclass will officially start on 9th June. Use the details below to register:
- Amount: Ksh 6000
- Mpesa Paybill: 469345
- A/C Number: Your Name
#T-Bill Auction Follow Abojani
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.
