NCBA Delivers Strong H1 Results and Raises Interim Dividend
NCBA kicked off the earnings season on a strong note. John Gachora’s team delivered a solid scorecard, posting a 12.2% year-on-year increase in profit after tax to Ksh 12.4 bn, powered by a robust 15.1% growth in operating income.
The balance sheet remained equally impressive, with customer deposits rising 11.0% to Ksh 551 Bn and total assets expanding 11.5% to Ksh 739 Bn
One of the standout announcements was the declaration of an interim dividend of Ksh 3.75 per share, up from Ksh 2.50 in the prior year.
The higher payout reflects stronger earnings, healthy capital generation, and management’s confidence in the business outlook, a welcome development for income-focused investors as H1 2026 earnings season gathers momentum.
Stanbic Bank Maintains Growth Momentum
Stanbic Bank Kenya also delivered resilient H1 earnings, a 1.0% year-on-year increase in profit after tax to Ksh 6.6 Bn supported by continued balance sheet expansion, with customer loans, deposits, and total assets growing by 16.7%, 33.4%, and 27.1%, respectively.
The bank also declared an interim dividend of Ksh 1.64 per share, reaffirming its commitment to shareholder returns, with management maintaining its policy of distributing 60% of annual earnings
EABL Rewards Shareholders After Strong Recovery
EABL then rounded off the week with a stellar full-year performance.
The brewer reported a 49.4% year-on-year increase in profit after tax to Ksh 18.2 Bn, driven by a 13.3% growth in net sales and disciplined cost management. Shareholders were also rewarded with a 59% increase in the total dividend to Ksh 12.70 per share, reflecting the strength of EABL’s earnings recovery and confidence in its long-term outlook.
Kenyan Banks Continue to Perform Well in Tanzania
Our latest H1 2026 review of Kenyan banks operating in Tanzania shows continued regional growth.
DTB remained the largest by assets, Equity emerged as the most profitable and diversified franchise, KCB recorded the strongest operating efficiency, while NCBA maintained the best asset quality.
Combined, Kenyan banking subsidiaries generated approximately Ksh 6.26 billion in profit from the Tanzanian market during the first half of the year.
CBK Reopens 3 Infrastructure Bonds
CBK reopened three tax-free infrastructure bonds as it seeks to raise long-term funding for development projects.
The 16-year, 18-year and 21-year infrastructure bonds offer attractive coupon rates while providing investors with tax-efficient fixed income opportunities.
Treasury Bill Demand Remains Strong
Investor appetite for government securities remained resilient this week.
CBK accepted Ksh 28.5 billion against an offer of Ksh 28 billion, while the 364-day Treasury bill continued offering yields above 9%, reflecting sustained demand for attractive fixed-income returns.
Private Sector Returns to Growth
Kenya’s private sector extended its recovery in July. The Stanbic Bank Kenya Purchasing Managers’ Index (PMI) rose to 51.3 in July from 50.0 in June, signalling a modest expansion in business activity as demand continued to recover.
However, the pace of growth remained constrained by persistent inflationary pressures and logistics bottlenecks, highlighting that while business confidence is improving, operating conditions remain challenging.
CMA Approves Two New Global Investment Funds
Kenya’s collective investment schemes market continued to broaden as the CMA approved two new special funds by Absa Asset Management.
The approval paves the way for the launch of the Absa Global Multi-Asset Special Fund (USD) and Absa Global Multi-Asset Special Fund (KES), giving investors access to globally diversified investment strategies through professionally managed portfolios.
NCBA Launches PropertyDuka
In other news, NCBA is betting on technology to reshape homeownership. The Group launched PropertyDuka, East Africa’s first AI-native property ecosystem, bringing property search, financing, construction, furnishing, and insurance into a single integrated platform.
The launch targets a significant market opportunity, with Kenya’s property market estimated at over Ksh 1 trillion annually despite mortgage penetration remaining low.
Equity Foundation Expands Global Scholarship Programme
Equity Group Foundation continued to strengthen its investment in Africa’s future leaders. A total of 121 Equity Leaders Program (ELP) scholars from Kenya, Uganda, Rwanda, and the Democratic Republic of Congo secured fully funded undergraduate scholarships to 63 universities across 16 countries, including some of the world’s most prestigious institutions.
Upcoming: Finance for Teens
The Nairobi Securities Exchange (NSE), in partnership with Abojani, will host a Financial Literacy for Teens Workshop on 13th August 2026. The initiative will bring together young people aged 12 to 17 for practical lessons on budgeting, earning, saving, and investing, with the aim of fostering financial literacy and responsible money management from an early age.
Register here: https://forms.cloud.microsoft/r/CSU8upDTcz
Save the Date: 6th Abojani Economic Empowerment Conference
Preparations continue for the 6th Abojani Economic Empowerment Conference, taking place on 21st November 2026 at Radisson Blu, Upper Hill.
This year’s theme is “Invest Intelligently.” The conference will bring together investors, business leaders and industry experts to discuss today’s biggest investment opportunities and challenges.
Our 80th Abojani Masterclass Starts Today!
Our milestone 80th Personal Finance, Saving & Investing Masterclass officially begins today at 7:00 pm (EAT).
Over the next three weeks, participants will learn practical investing and personal finance skills from industry experts covering stocks, bonds, unit trusts, SACCOs, retirement planning, insurance, offshore investing, and much more.
Last-minute registration is still open. We’d love to have you with us.
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.
