This week’s T-Bill auction was oversubscribed, raising Ksh 29.9B against a Ksh 24B offer.
- 91-day: 8.32%
- 182-day: 8.58%
- 364-day: 10.00%
Q1 Results Round-Up
NCBA Group reported a Ksh 5.5B profit after tax, up 3% from Q1 2024’s Ksh 5.3B. The bank also announced a major leadership update, appointing James M. Gossip as MD of NCBA Bank Kenya, effective 12th May. With over 30 years of international banking experience across Europe, Asia, and North America, his entry signals global ambition.
KCB Group recorded a strong Ksh 16.5B profit, 1.9% asset growth, and a 28.4% jump in shareholder funds, even with a decline in customer deposits.
Standard Chartered Bank Kenya posted mixed results — total assets dipped 2.3% to Ksh 382.3B, and PAT dropped 13.5% to Ksh 4.9B. However, NPLs improved by 26.1%, and shareholder funds rose 12%.
BK Group Plc delivered a 5.4% YoY profit jump to RWF 25.2B, supported by strong net interest income, efficient cost management, and robust asset quality.
Dividend Season: Nairobi Securities Exchange investors smiled all the way to the banks as several listed companies paid out dividends as had been scheduled.
Equity Group Named Superbrand
Equity Group Holdings Plc was recognized as a Superbrand in East Africa, highlighting its commitment to excellence, trust, and financial innovation.
Regulatory Updates from CMA
The Capital Markets Authority approved:
- 2 new fund managers: Meridian Asset Management and Swala Capital Limited
- Ndovu Wealth to offer several special funds
- 3 new corporate trustees: MTC Trust & Corporate Services, Standard Chartered Bank Kenya, and NCBA Group Plc
Safaricom Launches MSME Credit Solutions
Safaricom introduced upgraded business credit tools for MSMEs, including:
- Fuliza Biashara (overdraft)
- Taasi Till, a business credit offers short-term credit ranging between Kshs 1,500 to Kshs 250,000 depending on eligibility.
Finance for Non-Finance Professionals Workshop Recap
Yesterday’s workshop at Radisson Blu Arboretum turned balance sheets into stories and helped professionals across industries decode financial language with confidence. A great reminder that numbers drive strategy, and everyone can learn to read them.
NCBA & Strathmore Empower SMEs
38 SME customers graduated from the Enterprise Development Programme by NCBA and Strathmore Business School. After six months of hands-on strategy and leadership training, they’re now better equipped to navigate today’s business landscape.
#GoForIt #NCBATwendeMbele
Save the Date: Abojani Economic Empowerment Conference
Our 5th Annual Conference returns this November, themed “Ownership Economy & Self-Sustenance for African Households and Businesses.” It’s time to take back control of our financial narratives.
June Abojani Investment Masterclass
Finally, the 68th Abojani Masterclass will officially start on 9th June. Use the details below to register:
- Amount: Ksh 6000
- Mpesa Paybill: 469345
- A/C Number: Your Name
