Our highlights of Week 44 of 2024 begins with:
- The 91 Day T-Bill, which is a benchmark rate for money market funds, is down to 14.43% this week from the 14.76% recorded last week. Market demand for this paper was high as investors sought to lock in the current returns, seeing the government raise Ksh 19.3Bn out of the Ksh 4.0 Bn that was on offer
- The Nairobi Securities Exchange, under the leadership of Frank Mwiti, has expanded its offering once again. The bourse has announced it will now allow investors to trade Options Derivatives on its Derivatives Market, to meet market demand.
- The Nairobi Securities Exchange (NSE) also held a Bell Ringing Ceremony to celebrate Acorn Holdings Limited’s successful redemption of its KSh 5.7 billion green bond, originally issued in 2019.
- And in an interesting turn of events, Savannah Clinker has increased its takeover bid for Bamburi Cement from KSh 70 to KSh 76.55 per share, totaling KSh 27.78 billion, up from KSh 25.4 billion. This new offer surpasses Tanzania’s Amsons Group , who proposed KSh 23 billion.
- NCBA has introduced to the market two leasing solutions, the Solar PV and Executive leasing solutions. The bank, through its subsidiary, @NCBABankKenya Leasing LPP, aims to lead the way by providing businesses the opportunity to transition to renewable energy, reduce their carbon footprint, and lower energy costs with flexible financing solutions #NCBAChangetheStory #NCBAleasing
- Safaricom is celebrating 24 years of connecting and transforming the lives of Kenyans, with a yearlong series of activities themed “24 Years of Transforming Lives: Celebrating Through Service.”
The celebration includes special M-PESA surprises, merchandise giveaways, and community initiatives, reflecting the company’s commitment to innovation and social impact.
- Jubilee Health Insurance, in partnership with Diamond Trust Bank (DTB), launched a digital system for payment of insurance premiums. The option, known as Lipa Polepole, allows customers to pay premiums in flexible installments that match their budgets until completion.
- During the week, BURN, the world’s leading clean cooking appliance manufacturer, distributor, and carbon project developer, has secured a US$15 million investment from the European Investment Bank (EIB).
- But the highlight of the week for us was the X-Space that we held with HFC Group CEO, Robert Kibaara who shared his nuggets of wisdom on career choices but also shared key insights on how the bank is diversifying beyond real estate
- We also had a session for Diasporians on “Investing Back Home”. The goal was to review HF Group as a viable option in the investor’s wealth basket.
- Looking ahead, Kenyans continue to prepare for the upcoming 4th Abojani Economic Empowerment Conference that has been scheduled for 23rd November 2024 at Radisson Blu in UpperHill. Early bookings are still ongoing.
#Week 44 #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.
