A recent report by the Financial Transparency Coalition (FTC) indicated that Kenya has channeled a mere one per cent of Covid related bailout funds to SMEs, despite having a credit guarantee scheme and on lending funds by banks. George Onyango with fellow jua kali artisans at his Kamukunji workshop, Nairobi /JACK OWUOR Majority of small […]
The bourse opened the trading session this year with investors exhibiting high appetite for stocks after posting a record 2.5bn/- during the first week of the year. DSE’s weekly market report said the volume of shares traded was 2,051,835 with NMB Bank Plc accounting for 51.1 percent or 271,800 shares traded. Meanwhile, an Orbit Securities […]
Kenya Commercial bank (KCB) branch at Kipande House along Kenyatta Avenue, Nairobi Banks’ pretax profits for 10 months to October last year grew by 63.7 per cent on the back of increased lending and reduced loan defaults. Fresh data from the Central Bank of Kenya (CBK) shows the earnings grew to Sh161.9 billion from the […]
A litigator has left Dentons’ Kenyan outfit to join a local firm which is facing greater demand from corporate clients. Kenyan law firm Munyao, Muthama & Kashindi Advocates (MMK) has added to its litigation practice with the hire of a partner with a broad disputes practice. James Tugee joined the firm this week from Dentons […]
From left: Kenya Mortgage Finance Company (KMRC) Head of Risk and Compliance Florah Muthaura, IFC Business Development Lead for Financial Institutions East Africa Jes Chonzi, KMRC CEO Johnstone Oltetia, IFC Manager for Sub-Saharan Africa Gokhan Kont, KMRC Head of Legal Services Elisha Nyikuli and Head of Credit Geofrey Mwaura during a business meeting to discuss […]
Fuliza M-Pesa Safaricom’s overdraft facility Fuliza was launched back in 2019. It has grown to become of the company’s leading revenue generators, and for good reason. It is easy to access, and bearing in mind the majority of Safaricom customers have had their lines for extended periods of time, there is always an incentive to […]
Investors lost Sh56.7 billion of paper wealth at the Nairobi Securities Exchange yesterday, the biggest interday drop since March last year. The market soured for investors holding Safaricom stocks to lose Sh56 billion as its share price declined to Sh38.5. East African Breweries #ticker:EABL shed Sh1.1 billion, Equity Bank #ticker:EQTY lost Sh943 million and Coop […]
Nakuru Governor Lee Kinyanjui and KCB Director Retail Anastacia Kimutai Signs an MOU during the launch of Nakuru County Enterprise Fund worth Kshs 850 million that was held in Nyayo Garden Nakuru on January 7, 2021. [Harun Wathari, Standard] Small and Medium Enterprises (SMEs) in Nakuru County are set to benefit from a Sh850 million […]
From left: Kenya Mortgage Finance Company (KMRC) Head of Risk and Compliance Florah Muthaura, IFC Business Development Lead for Financial Institutions East Africa Jes Chonzi, KMRC CEO Johnstone Oltetia, IFC Manager for Sub-Saharan Africa Gokhan Kont, KMRC Head of Legal Services Elisha Nyikuli and Head of Credit Geofrey Mwaura during a business meeting to discuss […]
Nakuru County Government has inked a deal with Kenya Commercial Bank (KCB) aimed at offering training and affordable financing to over 2,000 Small and Medium Enterprises (SMEs) within the devolved unit. Governor Lee Kinyanjui said his administration was partnering with the bank to offer credit facilities at a 12.5 per cent interest rate per annum, […]
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