This week, treasury bills interest rates have continued to decline, now at 9.5935% for the 91 Day paper, 10.0253% for the 182 Day paper and 11.3342% for the 364 Day paper.
During the week, the Central Bank of Kenya announced the appointment of one Mr. Gerald Nyaoma as Deputy Governor Mr. Nyaoma comes with decades of experience in the financial services sector.
The Nairobi Securities Exchange has also given notice that the suspension of trading in Kenya Airways Plc securities has been lifted, effective January 5, 2025.
The Retirement Benefits Authority has communicated to all stakeholders of the industry on the Tax Laws (Amendment) 2024. The authority has noted several reforms including an increased limit for tax free pension contributions by 50%
The Competition Authority of Kenya has given the green light for Stephan Crétier, CEO of GardaWorld, to acquire Doctor No Parent Ltd, the parent company of KK Security in Kenya
NCBA Group Managing Director has been recognized as one of the Top 25 Most Amazing CEOs Leading Business with Ethics and Integrity in Business Monthly’s latest edition. A big congratulations to John Gachora for this well-deserved recognition, reflecting his outstanding leadership and commitment to driving ethical business practices
In collaboration with the Kisii County Government, the KCB Foundation launched a program to train 1,000 youth under the 2Jiajiri initiative. These individuals will receive training in Technical and Vocational Education and Training (TVET) institutions accredited by NITA.
Xplico Insurance’s statutory management has been extended to March 7, 2025, allowing more time for policyholders and creditors to claim. The Policyholders Compensation Fund, managing the insurer since December 2023, has capped payouts at Sh 250,000.
We hosted a webinar in partnership with Jubileeins on the connection between Health and Wealth. The webinar highlighted the crucial link between health and wealth, emphasizing the importance of mental fitness, planning for health-related expenses, and the value of private insurance for financial security
Coming up next week, we will host yet another #Free webinar in partnership with Branch Microfinance Bank, where Rose Muturi, the Managing Director, will be sharing some practical steps to make smarter money moves for 2025.
Link: https://bit.ly/SmartMoney2025
Passcode: Smart2025
Lastly, the 63rd Masterclass officially starts on Monday 13th January 2025. We look forward to training you on personal finance, saving and investing.
Registrations are still on going, Click Here or Call: 0763 682 116 or Email: learning@abojani.com
