Abojani Investment

NCBA Group has teamed up with Kivukoni School for the 2024 #KivukoniEcoFest, a festival dedicated to environmental conservation, global citizenship, and community action. At the event, NCBA is highlighting its commitment to sustainability through green financing and initiatives that empower local communities. This partnership also strengthens NCBA’s connection with Kilifi County, promoting practical solutions for a more sustainable future. It’s inspiring to see institutions like NCBA driving real impact where it matters most. #NCBAChangeTheStory #NCBATwendeMbele

December is here! What’s the first thing that comes to mind? Festivities - parties, travel, and gifting. But let’s not forget, January is also around the corner, and with it comes school fees, rent, utilities, and all those unavoidable bills that don’t take a holiday. So, while you prepare for the festive season, don’t forget to keep an eye on your finances. A little planning now will save you a lot of stress later.

The 4th Abojani Investment Economic Empowerment Conference had financial services industry's top names and the delegates made meaningful connections. #EconomicEmpowermentKE #StayingPowerKE

Your Dose of Weekly Highlights: ✅ The November 2024 inflation rate came in at 2.8%, slightly up from the 2.7% recorded in October 2024. Kenya National Bureau of Statistics Central Bank of Kenya ✅ During the first nine months of 2024, KCB Bank Group stood out as the top earner among NSE-listed banks, with a remarkable revenue of Ksh. 142.9 billion. HFC Kenya recorded the fastest growth in profitability. ✅ Diamond Trust Bank announced a Ksh 7.4 billion net profit, representing an 8.5% growth in the nine months ended September 2024. ✅ NCBA Group posted a profit after tax of Ksh 15.1 billion in its Q3 2024 financial results, a 3.0% increase compared to the Ksh 14.6 billion reported in Q3 2023. ✅ In addition, NCBA scooped 3 prestigious awards at the 13th Marketing World Awards, including Best in Customer Experience and Campaign of the Year for the 'Twende Mbele' campaign. Nelly Wainaina, NCBA Group Director of Marketing, Communications, and Citizenship, was also honored as Marketing Woman of the Year. ✅ HF Group released its Q3 2024 financial results, reporting a 105% increase in profit after tax, driven by strong growth in non-interest income. HFC Kenya ✅ Our CEO, Robert Ochieng, was recognized among the Top 40 Under 40 Men by Business Daily Africa! 🎉 #Top40Under40 ✅ ICEA LION Group announced a strategic partnership with KASNEB Foundation to promote financial literacy and empower young professionals, support underprivileged students pursuing KASNEB qualifications, and drive institutional growth through targeted financial literacy initiatives. ✅ This week, treasury bills were oversubscribed, with the government raising Ksh 34.65 billion from the Ksh 24 billion on offer. The interest rate on the 91-day paper is heading into single-digit territory. ✅ Two NSE-listed firms, Scan Group and Kakuzi, issued profit warnings this week. Scan Group cited foreign exchange losses, while Kakuzi pointed to supply chain disruptions caused by prevailing geopolitical tensions in the Middle East. ✅ Capital Markets Authority- Kenya has approved Kenya's largest company, Safaricom PLC, to establish its own Money Market Fund, Ziidi, which will be accessible through M-Pesa. ✅ Safaricom PLC hosted an exclusive event for business owners from the Greater Western region, where they gathered to gain insights on smart financial strategies to boost their businesses. This event is part of Safaricom's celebration of 24 years of powering Kenya's progress. ✅ Britam Life Assurance was officially licensed by IRA UGANDA to operate as a Life Insurance Provider in Uganda. ✅ We are hosting an X-Space on the Q3 Banking Sector & Safaricom Half-Year Results on Tuesday, 3rd December 2024. Join us to learn about how the banking sector performed in Q3, get a breakdown of Safaricom’s half-year results, and hear expert insights and market predictions. Don’t forget to set a reminder here: https://lnkd.in/djTAjsbJ

Don’t let big numbers intimidate you. Start with whatever you have, no matter how small it may seem. Remember, the power of compounding can work wonders over time. Stay consistent, and you'll look back one day and be incredibly proud of how far you’ve come.

Looking for a smart way to store the cash you intend to use for the upcoming festivities and January school fees? A Money Market Fund could be the ideal solution. It offers a safe place to keep your money while earning interest. With easy access to your money when you need it, it's perfect for keeping your money over the next weeks.

Here's how you can make juggling multiple debts less overwhelming:  ▪️ List all your debts  ▪️Negotiate with creditors  ▪️Avoid taking on new debt  ▪️ Seek professional assistance  ▪️ Prioritize high-interest debts  ▪️Consider consolidating your debts

Saving during the surplus periods of your life is crucial to financial well-being later in life.

Happy New Month! As the new month begins, it's the perfect time to: ✅ Save some cash: Set aside a portion of your income for savings. Even a small amount can add up over time and provide a financial cushion when you need it. ✅ Top up your money market account: Consider adding to your money market account. It's a great way to earn a bit of interest while keeping your money accessible. ✅ Review your budget: Take a few minutes to review your budget for the month. Make sure your spending aligns with your financial goals and adjust as needed.