According to Kenya National Bureau of Statistics, the February 2025 inflation rate has come in at 3.5%, up from the 3.3% reported in January of 2025, driven by higher food, electricity, and water price.
February 2025 inflation rate
This week, Treasury bills were oversubscribed, seeing the government raise Ksh 36.5 Bn out of the Ksh 24 Bn that was on offer.
This week, Kenya has raised $1.5 billion from an 11-year sovereign bond at a 9.5% interest rate to repay a cheaper $900 million Eurobond due in May. Proceeds from the bond will be used to retire the $900 million (Sh116.4 billion) bond that Kenya tapped in 2019 at a rate of seven percent.
Shares of listed cement maker, Bamburi, have officially been suspended from trading on the Nairobi bourse following the successful acquisition of 96.54% of the company’s issued ordinary shares.
Carbacid Investments has reported a 10.3% decline in net profit to Sh434.9 million for the half-year ending January 2025, as a stronger shilling negatively impacted regional sales.
NCBA announced a dedication of Ksh 12 million as part of its ongoing commitment to empowering the youth and transforming communities across Kenya. This funding will support over 150 students with educational opportunities and mentorship programs aimed at fostering growth, skills, and leadership.
#NCBAChangeTheStory
Absa Bank Kenya launched an enhanced Prestige Banking offering, a financial proposition designed for salaried professionals and entrepreneurs. The enhanced offering aims to bridge a key gap in banking by providing solutions that support individual financial growth, wellbeing, and investment aspirations.
KCB Group signed up to the Pan-African Payment and Settlement System (PAPSS), reinforcing its commitment to enhancing cross-border trade and financial integration across the continent.
We hosted a successful X-Space themed Earning Passive Income From Unit Trusts featuring Jubilee Asset Management Limited. Mercy Mwelu, Head of Business Development at Jubilee Asset Management Limited, and Robert Ochieng, CEO of Abojani Investment, discussed the ins and outs of earning passive income through investing in unit trusts.
Coming up, the 65th Abojani Personal Finance & Investing Masterclass is set to kick off on 10th March 2025. We are excited to host attendees from all over the world to talk about investments and building a sustainable portfolio.
