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.
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 Ksh66.6 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
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.
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!
