Abojani Conference urges Kenyans to embrace ‘ownership economy’ for wealth creation
At the 5th Abojani Economic Empowerment Conference, leaders including Robert Ochieng and Bank of Kigali’s Diane Karusisi urged Kenyans to build productive assets, embrace the ownership economy, and plan for long-term wealth...
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At the 5th Abojani Economic Empowerment Conference, Abojani Investment CEO Robert Ochieng urged Kenyans to adopt an "ownership economy" by investing in productive assets like equities, rental property, and government securities for long-term wealth creation. This shift from consumption to asset accumulation is key to financial independence.
Bank of Kigali CEO Dr. Diane Karusisi emphasized that true economic independence for Africa comes when citizens own businesses and assets, addressing the continent's "ownership gap."
The Retirement Benefits Authority (RBA) highlighted pension schemes as a powerful wealth creation tool, with assets growing to Sh2.5 trillion, or 15 percent of Kenya’s GDP.
Only 7.5 million of Kenya's 30 million working adults save for retirement, a coverage rate of just 26 percent, underscoring the need for greater financial awareness and participation.
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World Bank Warns on Kenyan Credit as Bank Reports Profit and Sh103mn Fraud Case Continues - November 2025
The World Bank has warned that Kenya's increasing domestic borrowing is significantly limiting credit access for the private sector, which could hinder investment and job creation. Amid this warning, Consolidated Bank Group reported a notable turnaround, achieving a Sh94.7 million pre-tax profit in the nine months to September 30, 2025. This represents a 177 percent rebound from a loss in the previous year. In a separate financial matter, a third suspect, Stephen Juma Ndeda, has been charged in Kenya over a money-laundering scheme exceeding Sh103 million. The case involves an American investor allegedly defrauded while seeking a loan. In response to the economic climate, the 5th Abojani Economic Empowerment Conference urged Kenyans to adopt an "ownership economy" by investing in productive assets for long-term wealth.
