Equity gets Sh10.8bn for lending to SMEs

Equity gets Sh10.8bn for lending to SMEs

Equity Group has signed a Sh10.8 billion ($100 million) loan agreement with French development institution Proparco for onward lending to small and medium-sized enterprises (SMEs). The bank’s chief executive James Mwangi said the funds would be deployed to help Kenyan enterprises alleviate…

Google to Pay $1 Billion to News Publishers on Google News Showcase

Google to Pay $1 Billion to News Publishers on Google News Showcase

Search Engine Giant Google has launched a $1 billion initiative to pay news publishers who create content on its new product, the Google News Showcase. The product will first appear on Google News for Android, offering rolling panels for partner publishers to…

KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans

KCB Boosts Schools Reopening With Up To Sh250mn Secured Loans

Announced 3rd October at a function graced by education minister, Prof Magoha. KCB Bank Kenya announced a commercial commitment to aid the rapid reopening of public and private schools with a wide variety of financial support solutions including loans of up to…

Kenyan Women Entrepreneurs to Benefit from Sh3.2bn White House Initiative

Kenyan Women Entrepreneurs to Benefit from Sh3.2bn White House Initiative

Kenyan women are expected to benefit from a Sh300 million fund under the White House led Women’s Global Development and Prosperity Initiative, with an aim of empowering them economically. The programme was launched on Monday by the visiting Acting Administrator of the…

Bitcoin Trades higher After SEC Jay Clayton Commends Blockchain

Bitcoin Trades higher After SEC Jay Clayton Commends Blockchain

The World Investor Week (WIW) 2020 has kicked off with capital markets regulators across the world educating and engaging the public on relevant investing topics. Amid this, Bitcoin prices rose higher on Monday as investors’ confidence in blockchain technology increased after comments…

Greenlight Planet; A Solar Solutions Company Secures US$90 Million Investment

Greenlight Planet; A Solar Solutions Company Secures US$90 Million Investment

Greenlight Planet Inc., the largest provider of solar-powered home energy products in sub-Saharan Africa and South Asia, has secured $90 million in new funding to expand its Pay-As-You-Go (PAYG) solar consumer financing business and consolidate its debt portfolio. Akira Partners and Orrick…

Harambee Sacco unveils Sh3b mortgage re-finacing facility for members

Harambee Sacco unveils Sh3b mortgage re-finacing facility for members

Harambee Sacco has unveiled two loan products to enable its members who own property to access money through mortgage financing to develop it, and others to directly purchase ready. In the two loan facilities; Home Loan and Jenga Loan, the Sacco offers…