Safaricom released its half year financial results, signaling strong performance in the Kenyan business, supported especially by M-Pesa revenues
Read: Your Dose of Weekly Highlights – Week 44 of 2024
This week, Treasury Bills were oversubscribed as investors rushed to lock in returns while they lasted. As such, government raised Ksh 53.7 Bn out of the Ksh 24.0 Bn that was on offer
The longer dated government papers were also oversubscribed with the Central Bank reporting a 132% performance rate
In an Economic Forum held within the week, NCBA then forecasted a steady growth in the country’s GDP with output projected to close at 4.8% in 2024 and remain consistent into 2025.
This week, NCBA strengthened its regional presence with the official opening of a new branch in Kitui, marking a significant milestone in the bank’s expansion strategy.
Additionally, Absa Bank Kenya has also officially opened its newest branch along the Eastern Bypass at Kamakis. This marks another significant step in the bank’s expansion strategy, aimed at enhancing access to banking services in rapidly growing areas.
Britam has introduced a new Female Wellness Product, designed to provide comprehensive health coverage for women, with premiums starting at just Ksh 620 per year.
The Nairobi Securities Exchange PLC (NSE) hosted an engaging breakfast session with the Association of Family Business Enterprises (AFBE) .The roundtable brought together key stakeholders to discuss critical issues facing family-owned businesses (FOBs), including access to financing, liquidity, exit strategies, succession planning, and business valuation.
Liberty Kenya Holdings has announced the appointment of Rosalyn Mugoh MBA, as new Heritage Insurance Kenya Managing Director
Kapchorua Tea Kenya Limited has announced its half-year financial results, reporting a notable increase in revenue but a significant drop in profit.
The Board of Directors of Jubilee Holdings Limited has announced the appointment of Ms. Gladys Karuri as am Independent Non-Executive Director
I&M Group has also announced some changes in the board, following the retirement of Dr.Nyambura Koigi who was the first female director on the Company’s board.
Joe Muganda has joined Nation Media Group PLC as Independent Non-Executive Director
Coming up next week, we are excited to continue our #WisdomSeries on Tuesday, featuring ICEALION Group CEO, as the company celebrates 6 decades in operation
And finally, Kenyans continue to prepare for the 4th Abojani Economic Empowerment Conference that is scheduled for 23rd November 2024. We look forward to seeing you there!
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.
