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Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
@TheAbojani
May 17, 2023 • 9 tweets • 5 min read • Read on X
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📈 Here are some key insights from Standard Chartered Bank Kenya Ltd's unaudited quarterly group results:

1/6 @StanChartKE Limited has been experiencing consistent growth in loans and advances to customers, and total assets. Image
Loans & Advances to Customers
Loans and Advances to Customers have been volatile over the years, with fluctuations from Ksh117.56 billion in Q1:2019 to Ksh128.09 billion in Q1:2022.
However, the bank grew its Loans and Advance to Customers to Ksh137.11 billion in Q1 of 2023,… twitter.com/i/web/status/1… Image
@StanChartKE Limited's assets have been on a growth trajectory, increasing from Ksh301.37 billion in Q1:2019 to Ksh388.64 billion in Q1 of 2023. Image
Customer Deposits for @StanChartKE have consistently been increasing from Ksh232.77 billion in Q1:2019 to Ksh302.95 billion in Q1:2023. Image
2/6 @StanChartKE Limited's Loan to Deposit ratio (LDR) declined from 51.54% in 2020 to 45.26% in Q1 of 2023. This indicates that the bank is holding more deposits than it is lending out. Image
3/6 @StanChartKE Net Interest Income (NII) increased significantly to Ksh6.89 billion in Q1 of 2023. Although growth rates were volatile in the past years, the bank is now on an upward trend. Image
4/6 Non-Interest Income grew by 55.54% in Q1 of 2023, largely driven by Foreign exchange trading income which grew to Ksh2.19 billion in Q1:2023 from Ksh1.02 billion in Q1:2022. Image
5/6 Profitability is increasing. The Profit after tax grew from Ksh2.01 billion in 2020 to Ksh4.03 billion in Q1 of 2023. The bank's Cost to Income Ratio decreased from 51.98% in 2020 to 40.25% in Q1 of 2023, indicating their efficient operations. Image
6/6 Share Price declined from 161.82 in end Q1 of 2020 to 142.00 year to date. The Price to Book Ratio declined from 1.23 in Q1 of 2020 and currently at 0.89, indicating that the bank's stock is becoming more undervalued.
#banking #kenya #financialresults Image

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More from @TheAbojani

Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 29
Ksh 1,000 and a Dream 🧵🧵

Investing is intimidating when all you have is a few thousand shillings in your account. The stock market seems too risky, bonds seem too expensive, and everything else sounds like it’s for people with money.

However, you don’t need a six-figure salary to start investing. What you need is a plan.

MMFs → Bonds → Stocks

This is a simple ladder that will help you build wealth slowly, safely, and sustainably starting with 1K...Image
If you have Ksh 1,000 and you're wondering where to begin, don’t rush into stocks or complicated investments. Start with a Money Market Fund (MMF).

Think of it as your financial safe haven.

MMFs are:
✅Low risk
✅Highly liquid
✅Better yielding than your savings account
✅Ideal for emergency funds and capital-building

You can invest as little as Ksh 1,000 and when you top it up monthly, even with small amounts, it grows slowly, but surely.

Before you even think about making money, build a buffer. This is your financial cushion. A place where your money earns interest daily, yet remains easily accessible.

Once your MMF balance, excluding your emergency fund, grows to, say, Ksh 10,000 or 20,000, you're ready for the next step.
Once your MMF has grown past your emergency fund, you need to start aiming for Ksh 50,000 or more for capital into your next investment, you’re now ready to climb the ladder. Treasury Bonds issued by the Central Bank of Kenya become your next destination.

Bonds are relatively low risk, backed by the government, and pay you interest semi-annually.

Why now?
Because you’ve built your cushion in the MMF. If emergencies arise, you’re not forced to break your bond investment.

How much?
Most Treasury Bonds require a minimum of Ksh 50,000 or Ksh 100,000, which means your MMF becomes a tool to accumulate this amount over time.

Treasury Bonds introduce you to passive income. Imagine earning interest every six months just for lending your money to the government. It's slow and steady, but that's the point, wealth isn't built in a rush.
Read 6 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 28
THE 6 LAWS OF WEALTH 🧵

You can be hardworking, smart, but broke. Not because you’re lazy. Not because you don’t earn. But because the system was never built to teach you how to keep money.

Only how to chase it!

Here are the 6 Laws of Wealth you should know by HEART!!Image
1⃣ Bad Debt is a Trap

Not all debt is evil, but the wrong kind will bury you alive.

Borrowing for consumer things, phones, holidays, expensive weddings, is the fastest way to stay poor while looking rich.

Good debt builds. Bad debt bleeds.

If it doesn’t make you money, don’t borrow for it.Image
2⃣ Keep a Part of All You Earn

Every single time you get paid, pay yourself first.
Not after rent. Not after bills. Not after Black tax.
First. If you can’t save on a small income, you won’t save on a big one either. Wealth begins the moment you decide to keep what you’ve worked for.

That 20% of your income should be a monthly ritual.Image
Read 7 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 14
MODEL BUDGET FOR A 40-YR OLD, MAKING 130K GROSS, MARRIED WITH 2 KIDS, IS THE MAIN BREAD WINNER & WISHES TO BUY A HOME 🧵🧵

Wilson(not his real name) is 40. He earns Ksh 130,000 gross, which comes down to about Ksh 90,000 net. He works at a popular logictics company in town.

He’s married, has two kids , one in public primary school, the other in pre-school. He rents a modest two-bedroom house in Banana for Ksh 22,000. He drives a small family car (fully paid off), and he’s them main provider at home....
He has Ksh 500,000 saved in a money market fund, and Ksh 200,000 in Sacco shares. He contributes monthly to that Sacco and dreams of one day buying land through it.

Wilson is doing okay , not broke, not balling either. But he’s always asking himself: "Am I doing the right thing with my money? Is this really going somewhere?”
But now, at 40, the pressure feels heavier. School fees are no longer pocket change. Relatives are calling him more often. His parents are aging. His body doesn’t bounce back from stress the way it used to.

How can he budget sustainably?
Read 13 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 14
Money Management For 40 Year Olds 🧵🧵

By the time you’re 40, the conversations around money start to hit differently. At 40, you have probably made some money, maybe made a few mistakes too.

You’re not a beginner, but you’re probably not quite where you thought you’d be either. And your body, your parents, your children and even your country’s economy, are all making demands on you!

Slowly by slowly, conversations naturally shift to stability, legacy,family, health, and freedom.....
At 40+, the worst thing you can do is live in denial.

Check:
What do you own? What do you owe? What’s your monthly cost of living? What can you afford, and what are you forcing?

Many Kenyans over 40 are asset-rich but cash-poor. Some have land they can’t develop, or Sacco shares they’ve never monetized. Others are living in homes they “own” but can’t repair.

Start with the truth. Then work your way to clarity.
At 25, emergencies were rare.

At 40+, they come knocking with confidence: aging parents, unwell siblings, high school fees, sudden surgeries, funerals, dependents.

You can no longer afford to walk around without:
✅SHA and private health cover
✅Life insurance (even a simple term cover)
✅A dedicated emergency fund with 3–6 months of expenses

At this stage, debt is not the emergency fund. Your credit card should not be your fallback.
Read 8 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 12
#AbojaniTrueStorySeries

I FINALLY LEFT CORPORATE AT 48, 4 KIDS IN AND FINALLY BUILDING MY OWN HOUSE. 🧵🧵

I often get asked (by my relatives mostly) why I left corporate life at 48 , just when, by many standards, I was at the peak of my career. I know they are more concerned because my children are still toddlers.

And that my stay at home wife is expecting yet another child.

The answer is very simple though: I left because I could...
Long before I ever sat in a boardroom, I had quietly prepared for a life where I could make choices on my own terms.

I was born in Maragua, somewhere on the Murima, in a time when opportunity was scarce and hard-earned. My father(God bless him) worked on a colonial settler’s farm. He was one of many Kenyan men who, in those days, served diligently on those mzungu owned coffee estates. It was honest labour that fed our family....
My mother, like many women of her time, anchored the home. She sold milk from our three dairy cows and managed our small acreage of coffee. Back then, coffee farming was lucrative, and even with limited resources, my parents instilled in us a deep sense of discipline, hard work, and resourcefulness.

I was the firstborn and the first in our extended family to attend university.
Read 15 tweets
Abojani Investment 🇰🇪🇺🇬🇹🇿 Profile picture
May 5
#AbojaniTrueStorySeries
MY WEDDING DAY HAUNTS ME, TO DATE!! 🧵🧵

In the quiet of approaching 40, certain memories return sharper than others. For me, it is the wedding of 2015.

When I proposed to my campus sweetheart, I told myself we deserved the very best. Safari Park for the reception, and a convoy that would snake from Murang’a to Nairobi with ceremony.

Heh, let me just say I was young and dumb!
Honestly, I had no business spending my money so wrecklessy!

I was 31 then, working in Corporate Affairs at a blue-chip firm in Upper Hill. A good job, good pay, and the quiet satisfaction of knowing my family back home in Maragua spoke my name with pride.
But my wedding day! No, actually that whole year when we were arranging the entire event was my biggest mistake! By the time we had completed the ruracio, the itara, and the main wedding, the expenses had climbed to KES 1.5 million. I quietly borrowed Ksh 400,000 from my Sacco to top up. It felt harmless at that time.After all, I was earning well, and there was always the next promotion to look forward to.
Read 14 tweets

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