More than Sh2 billion has been issued to micro, small and medium-sized enterprises (MSMEs) under the state-backed credit guarantee scheme. National Treasury says by December 2021, a total of 1,291 small businesses had taken loans amounting to Sh2.1 billion since the scheme was launched a year ago. The credit guarantee scheme encourages banks to disburse […]
Category: Nairobi Stock Exchange
Change to solar power, Museveni tells Defence
(L-R) Hon Vincent Bamulangaki Ssempijja, Minister for Defence and Veteran Affairs, Baroness Sandip Verma, Chairperson, Nexus Green Limited and Rikki Verma, Chief Executive Officer Nexus Green Limited interacting during the prelaunch of 516 KWP solar power plant at Kololo Ceremonial Ground Kampala on February 25, 2022. Photo | Ismail Musa Ladu What you need to […]
Geothermal Power Market 2022 Outlook, Demand, Regional Analysis, Industry Value Chain | Key Players are Energy Development, Ormat, Enel Green Power, Calpine, KenGen, Contact Energy, HS Orka, Cyrq Energy
The report includes a detailed analysis of the most remarkable market growth. Geothermal Power analysis provides an overview of current and future market conditions and new initiatives for business growth. Global Geothermal Power Market research covers details of the manufacturer’s business, technology, product specifications and criteria, company profiles, production sites, contact details and revenues. The […]
Kenyans encouraged to embrace new technological innovations
KNA1 March 16, 2022 Counties, Historic Photos, Nairobi, Technology 0 The government is working with innovation hubs to lower entry barriers for ICT entrepreneurs and help scale their business in the country and beyond. ICT, Innovation and Youth Affairs Cabinet Secretary Joe Mucheru said the delivery of digital transformation will involve all players in the […]
Can Africa make the medicines it needs? [Business Africa]
Business Africa presenter interviews Lenias Hwenda, the CEO of Medicines for Africa – Copyright © africanews Cleared The COVID-19 pandemic has exposed Africa’s vulnerabilities in ensuring access to vital drugs, vaccines, and health technologies. The continent imports nearly 95% of all medicines it uses. Only 3% of global medicine manufacturing is done in Africa. But […]
Safaricom rewards users hourly with 15% cashback to celebrate M-pesa
For every hour, Safaricom will be rewarding 15 M-Pesa and Business App users with a 15 per cent cashback. This is to celebrate 15 years since M-Pesa services were launched. "M-Pesa is turning 15 years and we cannot keep calm! That is 15 years of Mpesa that you have made it happen!" Safaricom said. Safaricom […]
Samsung hosts inaugural device experience partner summit
Samsung Electronics East Africa hosted its inaugural strategic partner summit at Villa Rosa Kempinski Hotel. The event was attended by key Samsung distributors and dealers from all over Kenya. The main objective of the summit was to bring together the key stakeholders to further emphasize the strengthening of links with Samsung to ensure the best […]
Safaricom mulls making M-Pesa a subsidiary
Safaricom is considering spinning off its M-Pesa mobile money division into a full subsidiary, in what seems to be a push to align with more traditional banking institutions. Chairman Michael Joseph said there is no timetable for the potential move as the move is in the “early stages of thinking only”, he told Reuters. Governor […]
Kenya Airways shareholders’ long wait for soft landing
Kenya Airways planes at Jomo Kenyatta International Airport (JKIA), Nairobi [Boniface Okendo, Standard] The classic investment philosophy is to invest in companies that are beaten down but with the hope that they will bounce back. That was the thinking of investors who between March 25, 1996 and April 1996 agreed to buy into Kenya Airways […]
Dar bourse braves Ukraine war as investor wealth rises by Sh90 billion in one month
A man stands by the bill board of the Dar es Salaam Stock Exchange (DSE) in Dar es Salaam at a past event. PHOTO | FILE Dar es Salaam. The Dar es Salaam Stock Exchange (DSE) has remained stable during the past one month despite the ongoing war between Russia and Ukraine, which has resulted […]