KCB and Equity Lead East Africa in Capital Strength
Kenyan banks delivered another strong showing in the latest The Banker Top 1,000 World Banks Rankings.
KCB Group retained its position as East Africa’s strongest bank by Tier 1 capital, climbing 23 places globally to rank 549th, with Tier 1 capital of US$2.455 billion.
Equity Group followed closely, ranking 573rd globally with Tier 1 capital of US$2.312 billion.
Kenya also stood out as the only East African country with three banks among Africa’s top 25 by capital strength. KCB ranked 15th in Africa, Equity ranked 16th, while Co-operative Bank ranked 24th with Tier 1 capital of US$1.066 billion.
Treasury Bill Yields Cross the 9% Threshold
The average interest rate on the 364-day Treasury Bill surpassed the 9% mark during this week’s auction, reflecting continued upward pressure on government security yields.
The development comes amid sustained investor demand for fixed-income instruments and growing interest in longer-dated government paper.
Stanbic Bank Kenya Appoints New Chief Executive
Stanbic Bank Kenya announced the appointment of Michael Mutiga as Chief Executive Officer, effective 1 August 2026, subject to regulatory approvals.
Mutiga joins the lender from Safaricom, where he served as Chief Business Development and Strategy Officer. He brings extensive experience in strategy, corporate finance, growth management and large-scale operations.
NCBA Expands Regional Business Exposure Programme
NCBA launched the 2026 China Market Linkage & Business Exposure Programme, expanding participation to Commercial and SME Banking customers across Kenya, Uganda, Tanzania and Rwanda.
The 12-day business immersion programme will run from 13th to 24th October 2026, providing entrepreneurs and business owners with opportunities to explore sourcing, partnerships and market opportunities in China.
Applications remain open until 7th August 2026.
NCBA Partners with ePure Motion to Accelerate EV Adoption
NCBA Bank also partnered with electric mobility company ePure Motion to support the adoption of electric vehicles in Kenya.
Under the partnership, NCBA will provide financing of up to 100% of vehicle costs for individuals, public transport operators and fleet owners, supporting Kenya’s transition toward sustainable mobility solutions.
Boardroom Changes Across Listed Companies
Several listed firms announced key board appointments this week.
HFCB Appoints Robert Ochola
HFCB appointed Dr. Robert Ochieng’ Agonda Ochola as a Non-Executive Director.
He currently serves as Founder and CEO of AfricanNenda and previously held senior leadership positions at Afreximbank, Safaricom and KCB Group.
DTB Appoints Paul Muthaura
Diamond Trust Bank Kenya appointed Paul Muthaura as a Non-Executive Director.
Muthaura previously served as Chief Executive Officer of the Capital Markets Authority and has held leadership roles across financial services and capital markets institutions.
Serena Hotels Adds Two Directors
TPS Eastern Africa PLC (Serena Hotels) appointed Shahzad Karim and Serah Katusya as Non-Executive Directors.
Both bring significant experience in banking, corporate leadership and strategic management.
Digital Lending Sector Continues to Grow
The Central Bank of Kenya licensed 25 additional Digital Credit Providers, bringing the total number of licensed providers to 252.
Since the licensing framework was introduced in 2022, more than 800 applications have been submitted.
As of May 2026, licensed digital lenders had disbursed approximately 8.37 billion loans valued at Ksh 150.56 billion, underscoring the growing role of digital credit in Kenya’s financial ecosystem.
Government Returns to the Bond Market
The government is seeking to raise Ksh 40 billion through the reopening of two Treasury Bonds:
- 20-Year Bond (FXD1/2019/020) – Coupon rate: 12.8730%
- 25-Year Bond (FXD1/2022/025) – Coupon rate: 14.1880%
The proceeds will support budget financing requirements.
Upcoming Corporate Actions
Bondholders of several Treasury and Infrastructure Bonds will receive coupon payments on 20th July 2026.
Meanwhile:
- BOC Kenya shareholders will receive a final dividend of Ksh 10.35 per share on 21st July 2026.
- Jubilee Holdings shareholders will receive a final dividend of Ksh 13.00 per share on 24th July 2026.
Save the Date: 6th Abojani Economic Empowerment Conference
The 6th Abojani Economic Empowerment Conference will take place on 21st November 2026.
This year’s theme, “Invest Intelligently,” will focus on helping investors navigate today’s increasingly complex financial markets, identify opportunities and make informed investment decisions.
Join Our 80th Personal Finance, Saving & Investing Masterclass
As we prepare for the 80th edition of the Abojani Personal Finance, Saving & Investing Masterclass, we invite you to join hundreds of investors who have used the programme to strengthen their understanding of money management and investing.
Running from 10th to 28th August 2026, the classes will cover personal finance, stocks, bonds, Treasury Bills, SACCOs, Unit Trusts and practical wealth-building strategies.
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.
