The EU-funded Uganda Green Enterprise Finance Accelerator (UGEFA), which provides sustainable Ugandan enterprises with support to scale and contribute to a green and inclusive economy, has today announced that it is accepting applications for its fourth and final cohort to join its programme. UGEFA is seeking high-potential small and medium-sized enterprises looking for debt finance […]
Tag: XUGA_EBL
Costly imports as shilling hits new all-time low
The Kenyan shilling is under fresh pressure against the dollar after it hit a new record low on Monday, setting up the country for more expensive imports and debt servicing distress. Central Bank of Kenya (CBK) data shows the Kenya shilling hit a record low to exchange at an average of 113.94 on Monday. Bloomberg […]
UGEFA opens applications for the fourth cohort
UGEFA supports sustainable Ugandan enterprises to scale and contribute to a green and inclusive economy Kampala, Uganda | Patricia Akankwatsa | The EU-funded Uganda Green Enterprise Finance Accelerator (UGEFA), which supports sustainable Ugandan enterprises to scale and contribute to a green and inclusive economy, has announced that it is accepting applications for its fourth and […]
Ethiopia to drop restrictions on KCB, Equity Bank
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]
CBK Wants Lipa Na M-PESA To Accept Payments from Other Wallets By 2024
Lipa na Mpesa The mobile money war in Kenya is not a new thing: the space has for a long time been cannibalized by M-PESA, which started the service back in 2007. Over the years, it has amassed millions of numbers, with more than 34 million Kenyans having an M-PESA account. M-PESA has also grown […]
Kenya: 2,850 Nakuru Farmers Trained and Sponsored to Start Poultry Keeping
Nakuru — Nearly 3,000 farmers in Nakuru have been enrolled in a training program on sustainable poultry-keeping practices and feed formulation using locally available materials to boost earnings in the subsector. The joint venture between the National Agricultural and Rural Inclusive Growth Project (NARIGP) and County Government of Nakuru has also facilitated the smallholder poultry […]
2,850 Nakuru farmers trained and sponsored to start poultry keeping
Members of Upendo Imara Self Help Group Feed Processors in the process of manufacturing chicken mash after receiving Sh499,000 to set up the venture through a joint program by National Agricultural and Rural Inclusive Growth Project (NARIGP) and County Government of Nakuru. NAKURU, Kenya, Feb 23 -Nearly 3,000 farmers in Nakuru have been enrolled in […]
Absa takes on small lenders with cheap personal loans offer
Absa Bank Kenya #ticker:ABSA has joined small lenders to offer the cheapest personal loans, breaking ranks with other big banks that have continued to issue relatively expensive credit facilities. An Absa customer taking a Sh1 million, one-year personal unsecured loan today will incur a total credit cost of Sh71,807. That is the same as the […]
Reprieve for Equity Bank in Sh234m tax demand dispute
Equity Bank Kenya #ticker:EQTY has won a temporary reprieve after the appellate court barred the Kenya Revenue Authority (KRA) from demanding Sh234 million in taxes on the lender’s employee share ownership plan (Esop). The Court of Appeal agreed with the bank that the demand by the KRA to enforce the award was real yet Equity […]
Ethiopia to drop restrictions on KCB, Equity Bank
Ethiopia on Tuesday announced plans to ease restrictions on foreign banks making investments in the country, opening the door for Kenyan lenders to set up operations in the populous nation. Ethiopian Prime Minister Abiy Ahmed said the country would open up its banking industry to foreign competition as soon as parliament passes policies permitting it. […]