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!
