Treasury bills (T-Bills) were oversubscribed this week, with the government raising Ksh 42.8 Bn out of the Ksh 24.0 Bn that was on offer. Rates now stand at 8.4%, 8.6% and 10.0% for the 91-Day, 182- Day and 364 -Day papers respectively.
Jubilee Holdings restructures Uganda subsidiaries. The Jubilee Insurance parent company is merging two of its three subsidiaries in Uganda to reduce costs, streamline operations, and enhance its competitiveness in the Kampala market.
The merger, which involves subsidiaries offering health and life insurance, aims to improve operational efficiency and strengthen the products and services available to Ugandan customers.
NCBA cut its base lending rate. NCBA Bank Kenya has reduced its Kenya Shillings Base Lending Rate to 14.34% p.a. effective May 1, 2025.
BOC Kenya declared a final dividend of Ksh 6.15 per share for FY’2024, payable to shareholders registered in their books as of 31st May 2025, with the payment date set for 21st July 2025.
CBK invites feedback on Risk-Based Credit Pricing Model. The Central Bank of Kenya has released a Consultative Paper on the review of the Risk-Based Credit Pricing Model. The proposed framework adopts the Central Bank Rate (CBR) as the base rate, incorporating macroeconomic indicators and a premium for operational costs and borrower risk. Stakeholders are invited to submit feedback.
CMA calls for feedback on draft regulations on Corporate Governance. TheCapital Markets Authority new draft regulations aim to modernize corporate governance standards for market intermediaries.
ICEA LION hosted a client forum. During the week, ICEA LION Life Assurance hosted a dynamic session for its clients, offering valuable insights, strategic guidance, and thought-provoking perspectives.
And Coming Up…
Wrapping up #FinancialLiteracyMonth in style!
Join us for the annual Abojani #QuizNight, where attendees can showcase their knowledge, have fun, and walk away with exciting prizes. It’s your chance to test your skills, learn something new, and connect with others.
Register here: https://bit.ly/FLMQuiz2025
The 67th Abojani Personal Finance, Saving & Investing Masterclass registration is still ongoing. This comprehensive short course covers budgeting, debt management, investing, and long-term financial planning; designed to help participants turn financial knowledge into action.
The early bird offer runs until 30th April 2025 – REGISTER HERE
Call 0763 682 116 or Email: learning@abojani.com
