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…

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…

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…

Strong Remittances  in August to Hit a high of Ksh 29.3 Billion

Strong Remittances in August to Hit a high of Ksh 29.3 Billion

The Central Bank has revealed that diaspora remittances inflows remained strong for the fourth month running hitting Ksh29.3 billion ($274.1 million) in August 2020. The amount was 28 per cent higher than the $214.3 million recorded in August 2019. The remittances fell…

President Kenyatta directs Treasury to Retain Measures Set to Protect MSMEs from COVID-19 impact

President Kenyatta directs Treasury to Retain Measures Set to Protect MSMEs from COVID-19 impact

President Uhuru Kenyatta has petitioned the National Treasury to continue implementing measures that had been set aside to supporting small businesses and innovators, to cushion them against the impact of the ongoing coronavirus pandemic. Speaking during the National COVID-19 Conference Monday, Kenyatta…

Mapping Microlending Startups In Africa; Measures Taken To Survive COVID-19

Mapping Microlending Startups In Africa; Measures Taken To Survive COVID-19

The Metamorphosis of Micro-Lending When Bangladeshi national and economics professor, Mohammed Yunus, introduced the concept of microlending over 40 years ago, the idea was to uplift village artisans who were hamstrung by poverty despite their skill. In those days, basket weavers in…