Nedbank Completes Acquisition of 66% NCBA Stake
NCBA Group has confirmed the completion of Nedbank Group Limited’s acquisition of a 66% majority stake in the bank, following the receipt of the necessary regulatory approvals. The transaction makes NCBA a subsidiary of Nedbank, extending the South African banking group’s presence in East Africa through one of the region’s established financial institutions.
NCBA will retain its listing on the Nairobi Securities Exchange (NSE), with the remaining 34% stake held by public shareholders. The continued listing means public investors will retain an opportunity to own shares in the business following the change in majority ownership.
NCBA Climbs in Africa’s Top 100 Banks Ranking
NCBA has climbed to 49th place in African Business magazine’s Africa’s Top 100 Banks 2026 ranking, moving up 10 positions from the previous year.
The improved ranking places NCBA among the continent’s leading banking institutions in the publication’s annual assessment.
Quickmart IPO Attracts US$15 Million from UK Government Programme
Quickmart has announced that the UK Government, through its Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme, has invested in the supermarket chain’s initial public offering.
The subscription amounts to US$15 million, equivalent to approximately 13% of the KSh 15 billion offer.
The investment provides additional institutional participation in the IPO as Quickmart seeks to broaden its shareholder base through the capital markets.
Safaricom Launches Fuliza Ya Pochi
Safaricom has launched Fuliza Ya Pochi, extending the M-PESA credit ecosystem to qualifying Pochi La Biashara merchants.
The service expands Safaricom’s merchant-focused financial offering by introducing a credit option for eligible business owners using Pochi La Biashara.
Jacqueline Karasha Appointed Sanlam Allianz Kenya CEO
Jacqueline Karasha has been appointed Chief Executive Officer of Sanlam Allianz Holdings (Kenya) PLC in a simultaneous announcement of the retirement of Dr. Patrick Tumbo, EBS.
Co-op Bank Wins Africa WaterCredits Forum Award
Co-operative Bank of Kenya has received the Leadership in Water Infrastructure and Finance Award at the Africa WaterCredits Forum 2026.
The recognition highlights the bank’s role in financing water enterprises, infrastructure projects and service providers through its Co-op A Maji product.
KPC FY2026 Results: Key Takeaways from Our X Space
Abojani hosted an X Space in partnership with Kenya Pipeline Company (KPC) to discuss the company’s FY2026 results and its business outlook.
The conversation explored KPC’s operating model, competitive advantages, dividend intentions and potential new revenue streams. Key takeaways included:
- KPC’s business is like a matatu, moving products from point A to point B. That operational efficiency is what enables the business to meet the demand.
- The barriers to entry in this business are quite high, and demand is growing.
- KPC intends to keep its promise in terms of growth in dividend payouts.
- KPC has competitive advantages over regional competitors because it’s more operationally efficient and cheaper.
- Petroleum demand has been growing regardless of price changes.
- KPC expects to generate more revenue from crude oil storage.
- The Dangote refinery, though still in discussions with the government, will have more or less a symbiotic relationship.
Treasury Bills Auction Raises KSh 28.79 Billion
The Central Bank of Kenya raised KSh 28.79 billion in this week’s Treasury Bills auction against KSh 28 billion on offer.
The auction attracted KSh 28.83 billion in bids, while the weighted average interest rate on the 364-day Treasury Bill stood at 9.0267%.
Government Seeks KSh 50 Billion Through Reopened Treasury Bonds
The Government is seeking to raise KSh 50 billion for budgetary support through reopened 15-year and 30-year Treasury Bonds.
The bonds carry coupon rates of 12.34% and 12.5%, respectively. The bid submission deadline is 4 November 2026.
#KBACEOChat: Financing Small Businesses for Growth
The Kenya Bankers Association hosted a live conversation featuring Peter Mugeni, Managing Director of HFC Bank, as part of its My Chat with a Bank CEO series.
The discussion explored how financing can help young entrepreneurs and small businesses expand, purchase equipment, increase stock, manage cash flow and take advantage of new opportunities.
Access to suitable financing can support business growth, but entrepreneurs also need to assess repayment capacity, cash-flow timing and the purpose of the funds before taking on debt.
Missed the conversation? Watch the recording:
The next #KBACEOChat takes place on Friday, 30 October 2026, at 10:00 a.m.
The session will feature Tirus Mwithiga, CEO of CIB Kenya, discussing “Finding and Financing the Businesses of Tomorrow.”
The conversation will be streamed live on YouTube and LinkedIn.
- Register here: https://chat.kba.co.ke
Coming Up: Corporate Actions
31 October 2026: East African Breweries PLC (EABL) is expected to pay a final dividend of KSh 8.70 per share.
Coming Up: 6th Abojani Economic Empowerment Conference
Only 27 days to go!
The 6th Abojani Economic Empowerment Conference takes place on 21 November 2026 at Radisson Blu Hotel, Upper Hill, Nairobi, under the theme “Invest Intelligently.”
The conference will bring together investors, entrepreneurs, financial experts and industry leaders to explore investment opportunities, wealth creation and strategies for building long-term financial security.
With conversations around inflation, changing global markets and emerging investment opportunities, the event aims to equip participants with practical insights to make more informed financial decisions.
Four major brands in East and Central Africa have confirmed their sponsorship, and preparations are gathering momentum.
Registration is ongoing. Book your Ticket HERE
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.
