Treasury Bill Yields On A Steady Rise
The 91-day Treasury bill yield, widely regarded as the benchmark rate for money market funds, continued its gradual climb this week.
The weighted average yield increased to 8.8347%, up from 8.8275% last week, bringing the short-term government security even closer to the 9% mark as investor demand remains firm.
Inflation Eases in June
Kenya’s headline inflation eased to 6.4% in June 2026, down from 6.7% recorded in May.
The moderation signals a slight easing in overall price pressures, although inflation remains above the midpoint of the Central Bank’s target range.
Safaricom Stake Sale Complete
Vodafone Kenya Limited has completed the acquisition of an additional 15% stake in Safaricom PLC from the Government of Kenya, increasing its shareholding to 55%.
Leadership Changes
NSE
A new chapter began at the Nairobi Securities Exchange this week as Kiprono Kittony retired as Chairman after serving on the Board for twelve years.
He is succeeded by Tom Mulwa, who officially assumed the role of Board Chairman on 1 July 2026.
I&M Bank Kenya
I&M Group officially announced the appointment of Abdi Mohammed as the new Chief Executive Officer of I&M Bank Kenya, subject to approval by the Central Bank of Kenya.
The appointment marks one of the most significant executive changes within the banking sector this year.
Absa Bank Kenya
Following Abdi Mohammed’s departure, Yusuf Omari has been appointed Interim Managing Director and Chief Executive Officer of Absa Bank Kenya, effective 1 July 2026.
The bank also appointed Diana Mwaniki as Acting Chief Financial Officer, subject to regulatory approval. She previously served as Head of Financial Decision Support.
Airtel Kenya
Airtel Kenya has appointed Djibril Tobe as its new Managing Director, succeeding Ashish Malhotra, who has been named Chief Executive Officer of Indus Towers Africa.
BOC Kenya
BOC Kenya PLC announced the resignation of Joseph Ramashala as a Non-Executive Director, effective 3 July 2026.
Mr. Ramashala joined the Board in September 2021 and served on both the Audit & Risk Committee and the Nominations & Corporate Governance Committee.
TRIFIC Green USD I-REIT Lists on the NSE
The TRIFIC Green USD I-REIT officially listed on the Nairobi Securities Exchange this week, adding another investment option for investors seeking exposure to Kenya’s real estate market through listed securities.
Private Sector Activity Stabilizes
The latest Stanbic Purchasing Managers’ Index (PMI) improved to 50.0 in June, up from 46.6 in May.
The reading indicates that business conditions stabilized after three consecutive months of contraction, offering encouraging signs for Kenya’s private sector heading into the second half of the year.
Upcoming Events
Save the Date: 6th Abojani Economic Empowerment Conference
We are pleased to announce that the 6th Annual Abojani Economic Empowerment Conference will take place on 21st November 2026 at Radisson Blu, Upper Hill.
This year’s theme, “Invest Intelligently,” will bring together investors, business leaders and financial experts for a day of practical investment insights, networking and meaningful conversations around wealth creation.
If the 5th Abojani Economic Conference was anything to go by (and it was), this one will bring an exceptional experience.
Will you join us?
Start Your Investment Journey with the 79th Abojani Masterclass
Our 79th Online Personal Finance, Saving & Investing Masterclass begins today.
Over the next three weeks, participants will gain practical knowledge on personal finance, stocks, Treasury Bills, bonds, Unit Trusts, SACCOs, business analysis, valuation and much more; all designed to help you become a more confident investor.
Thank you to everyone who has already registered. We look forward to learning with you.
But if you haven’t registered yet, REGISTER HERE
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.
