Kenya’s largest telco, Safaricom PLC, has announced a stellar performance for the year ending March 2025. The total revenue surged 11.2% to Ksh 388.7 billion and net profit climbed 10.8% up to Ksh 69.8 billion setting the stage for a massive Ksh 48.08 billion dividend payout to shareholders, as the telco crowns the year with a final dividend of 65 cents per share.
Kenyan Bank Updates
Stanbic Bank Kenya officially rolled in its Q1’2025 numbers, posting a 16.6% drop in profit after tax to Ksh3.3 billion, as operating income fell and costs surged.
Despite the earnings decline, shareholders’ funds rose 10.9% to Ksh.66.6 billion, reflecting balance sheet resilience.
It was a high start of the week as Equity Group Foundation Executive Chairman Dr. James Mwangi received the United Nations High Commissioner for Refugees, UNHCR Visionary Award for his bold leadership and pioneering efforts in financial inclusion for displaced communities across Africa.
This week, Treasury Bills were oversubscribed, seeing the government raise a whopping Ksh 50.7 Bn out of the Ksh 24.0 Bn that was on offer
During the week, NCBA Group partnered with Strathmore Business School to launch an advanced training programme for over 450 Relationship Managers across East Africa and its insurance subsidiary, aimed at enhancing service delivery and strengthening client relationships.
Absa Group, a leading financial institution in Africa, was the lead sponsor of the 2025 East Africa Property Investment (EAPI) Summit that took place during the week as well in Nairobi. The event convened key sector players across the region who explored topics like sustainable financing, affordable housing and urban housing in a rapidly evolving real estate market.
Standard Chartered Bank Kenya, released its Kenya Bonus Study 2025 report, which revealed that half of Kenyan consumers plan to increase their investments this year, with property, land, and equities emerging as the most preferred avenues.
Full report here: https://t.co/T9DRngpcE1
NSE
The Nairobi Securities Exchange launched its inaugural EmpowerHER Patrons Circle, bringing together leaders to advance women’s participation in finance and create new opportunities for women investors and entrepreneurs.
Insurance
Old Mutual Life Assurance Uganda has appointed Mr. Kenneth Kitariko as its new Board Chairman, bringing over two decades of expertise in finance and corporate governance to steer the company into its next phase of growth
The Kenya National Bureau of Statistics (KNBS) released the 2025 Economic Survey, providing insights into the country’s economic performance for the year 2024. According to the survey report, Kenya’s economy expanded by 4.7% in 2024, with steady gains in agriculture, finance, transport, and real estate, while job creation slowed slightly as the informal sector generated over 700,000 new opportunities, accounting for nine out of every ten positions added that year.
We take this opportunity to celebrate not just the love and sacrifice of mothers, but also the silent ways they shape our dreams, ambitions and even our understanding of money…Happy Mothers Day!
Coming up, we will host this years’ Finance for Non-Finance Managers & Entrepreneurs Workshop on Saturday 24th May 2025.
This full-day workshop helps participants:
☑️ Make better and more informed financial decisions
☑️ Be fully informed to meet business goals
☑️ Engage and communicate more effectively about financial matters
To register, Call: 0763 682 116 or Email: learning@abojani.com
The 67th edition of our Personal Finance, Saving & Investing Masterclass kicks off tonight at 7 pm sharp. Last-minute registrations are still open.
Get ready to learn, engage, and take actionable steps toward building lasting financial security. See you there!
#Safaricom, Connect with Abojani
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.
