In our long-term view, we are overweight equities market but biased to specific sectors and more granular specific counters. We lay emphasis on telco and growth and our value counters in the banking sector whilst we remain neutral in the manufacturing sector.
The valuations are at record lows and provide significant upside in the long term compared to fixed-income securities. We are underweight income counters as the expectations of higher interest rates in the long term make fixed-income securities a better defense over equities.
In the short term, we are neutral on equities. As the KES continues to depreciate, we see foreigners’ sustained exit would lead to higher volatility. Targeting the dip and tactically exiting on short-term gains would add value to a portfolio. We are underweight income-oriented counters as we feel they don’t match up well to fixed-income securities in the current environment.”
In closing, we stand at the precipice of an eventful 2024. While economic uncertainties may shroud the path ahead, practicing prudent financial planning, diversifying investment strategies, and keeping a watchful eye on market currents can illuminate the way. We invite you to embark on this shared financial journey with CIC Asset Management.
Let us be not merely passive observers, but empowered navigators, charting our course towards economic prosperity in 2024 and beyond.
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.
