Here are some of the biggest stories that made headlines this week, week 3 of 2025:
1. Investors showed strong interest in the recent 15 and 25-year Treasury bonds, leading to an oversubscription of 196.66%.
CBK aimed to raise Ksh 30 billion but received bids worth Ksh 58.998 billion and accepted Ksh 48.48 billion.
2. Treasury bills saw subdued demand, with the subscription rate falling to 78% compared to 138% recorded the previous week.
The 91 Days T Bills yield, which is a benchmark rate for money market funds, stood at 9.5647%.
3. Dr. James Mwangi joined the Council on Foreign Relations (CFR) Global Board of Advisors.
CFR is a leading American think tank specializing in U.S. foreign policy and international relations.
4. NCBA officially launched the 2025 NCBA Golf Series this week at the Kenya Railway Golf Club, kicking off an exciting golfing season across East Africa.
This year’s series includes partnerships with the Kenya Golf Union (KGU), Kenya Golf Foundation (KGF), and Professional Golfers Kenya (PGK).
#NCBAGolfSeries2025
5. We hosted Rose Muturi, Managing Director at Branch International, East Africa, . Here are 4 takeaways from the session.
- Consistency beats luck.
- Life is not linear. You can plan all you want, but life happens. That’s why you need an emergency fund.
- If you do not have a budget, everything you spend on feels urgent.
- When you’re about to make a financial decision, make sure you ask yourself “Why” 5 times.
6. Safaricom PLC has appointed Mr. Edward Okaro as an Independent Non-Executive Director, effective January 15, 2025.
Mr. Okaro is an audit professional with over 30 years of experience in financial management, audit, and strategic risk management.
7. M-PESA Foundation has invested Ksh 95 million in health projects across Busia and Bungoma counties, focusing on improving maternal health outcomes through infrastructure development. #TransformingLives
8. Allianz Europe BV plans to increase its indirect shareholding in Sanlam Kenya PLC from 23.09% to 28.00%, pending regulatory approvals.
7. Limuru Tea has issued a profit warning for the financial year ending December 31, 2023, projecting a decline of over 25% in profits. This is due to high operational costs driven by rising labor expenses and adverse market conditions.
The company is expected to release its final financial results by the end of March 2025.
Safaricom was recognized by the Top Employers Institute as Kenya’s #1 Top Employer and a Top Employer in Africa for the fourth year in a row.
The 63rd masterclass kicked off this week, bringing participants from East Africa and across the globe, eager to level up their financial literacy and personal finance management skills.
And finally, our 64th Abojani Masterclass, the Valentine’s Edition, is scheduled for February 2025, beginning on the 10th. Enroll now to learn everything about personal finance and investing to help you get the best out of your money.
Enjoy the early bird offer of Ksh 6,000, valid until January 31, 2025 – REGISTER NOW
