This week, the government has officially announced that it is exploring the possibility of listing Kenya Pipeline Company on the Nairobi bourse. through an Initial Public Offering.
Interestingly, the Kenya Pipeline company has paid Ksh 10.5 Bn dividends in 12 months to the National treasury.
The Central Bank of Kenya (CBK) has announced a Treasury bonds buyback, offering investors the opportunity to sell back select bond issues before maturity.
Treasury Bill rates are now in the single digit return territories. This week, interest rates for the 91 Day, 182 Day and 364 Day came in at 9.1156%, 9.5190% and 10.7587% respectively.
Kenya’s central bank cut its benchmark lending rate to 10.75% from the previous 11.25%.
This is good news for the private sector especially because we could start seeing slightly lower borrowing rates.
Kenya’s largest telco, Safaricom, has tripled M-pesa customers in Ethiopia from 3.1 million to 10.8 million in 2024 attributed to airtime and data purchases. 4G population coverage now stands at 48.5%, with 7.1Mn 90-day active customers
A recent report by Capital Markets Authority has revealed major industry approvals including the registration of CIC Global Special Fund as part of the CIC Unit Trust Scheme and the Britam Money Market Fund (USD).
In the energy sector, KenGen released its financial results for the period ended 31st December 2024, reporting a 79% increase in profit after taxes to Ksh 5.3 Bn
Stanbic Bank Kenya Purchasing Managers’ Index (PMI) stood at 50.5 for January 2025, signaling continued private sector growth for the fourth consecutive month, albeit at a slower pace compared to previous months.
Equity Bank Kenya, in partnership with the International Finance Corporation (IFC), has launched a $20 million Risk Sharing Facility (RSF) to enhance financial inclusion within underserved regions in Kenya, including refugees and host communities.
NCBA officially launched its Sustainable Development Impact Disclosure (SDID) document, marking a significant milestone as the first African bank to adopt and disclose its development impact.
Coming up, registration for the 64th Personal Finance & Investing Masterclass is ongoing. We look forward to empowering the next generation of retail investors. Have you booked your seat yet?
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.
