1. Tanzania’s biggest banks, CRDB and NMB, had a great year in 2024. CRDB’s profit after tax increased by 30%, hitting Tsh550.5 billion (Ksh28.0bn), and NMB’s profit went up by 18.1% to Tsh643.8 billion (Ksh32.7bn).
CRDB vs NMB
2. EABL saw a 20% increase in profit after tax, reaching Ksh 8.1 billion for the half-year ending December 31, 2024, despite the pressures of declining disposable income and rising input costs.
Revenue increased by 2%, to stand at Ksh67.9 billion, supported by favorable currency fluctuations, lower interest expenses, and the launch of new products.
The Board recommended an interim dividend of Ksh2.50 per share.
Equity Group Foundation has supported Tenwek Hospital’s transition from firewood to Liquefied Petroleum Gas (LPG), enhancing cooking efficiency and health conditions for students and staff at the hospital’s School of Health Sciences in Bomet County.
4. Family Bank relocated its Kangemi branch next to the Kangemi market to enhance customer experience, improve operational efficiency, and support local businesses. This is in line with its 2025-2029 strategic plan to provide accessible, customer-centric banking solutions.
5. ICEA LION Asset Management’s Fourth Quarter 2024 ILAM Consumer Spending Index rose by 2% driven by slight improvements in individual spending and retail business sales
6. Kenya Orchards Limited officially changed its name to Africa Mega Agricorp Plc. This rebranding comes after receiving regulatory approval from the Capital Markets Authority.
7. KMRC announced the resignation of the company secretary, Elisha Nyikuli. Mr. Nyikuli served in that role for four years.
8. Kuria has retired from his position as Company Secretary at the Nairobi Securities Exchange. Millicent Ngetich has taken over the role, effective January 24, 2025.
9. The Central Bank of Kenya offered Sh 24 billion worth of treasury bills, receiving Sh 13.462 billion worth of bids and accepting Sh 13.088 billion.
The 91 Days T Bills yield stood at 9.5647%.
10. Kenya Power posted a net profit of Ksh9.97 billion for the first half of the financial year ending December 31, 2024, driven by lower sales costs and reduced finance expenses. The board proposed an interim dividend of Ksh 0.20 per share.
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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.
