Kenya Power targets 55,000 SME customers with smart meters

By Citizen Reporter,

Kenya Power has rolled out a smart metering project that will benefit 55,000 customers in the Small and Medium Enterprise sector across the country. ...

KENYA POWER

Hope for SMEs as Kenyan banks renew risk appetite

By Kepha Muiruri,

Small and medium enterprises (SMEs) are set to profit from the greater issuance of credit by commercial banks in 2021 as the lenders expand their thre...

loans , smes

Absa Bank partners with four-vehicle dealers in new package for customers

By Citizen Reporter,

Absa Bank Kenya PLC has enhanced its vehicle asset financing proposition by extending the repayment period to six years or 72 months, the longest teno...

Absa Bank

93% of SMEs miss out on govt backed loan restructures

By Kepha Muiruri,

93 per cent of small and medium enterprises (SMEs) or about nine out of every 10 businesses have reported missing out on loan restructures offered by ...

CBK , smes

Banks put on the spot for mimicking ‘rogue’ digital lenders

By Kepha Muiruri,

Commercial banks have been put on the spot for resembling digital lenders by saddling Kenyans with exorbitant mobile loans. This is as the traditio...

Central Bank of Kenya (CBK) , fuliza , Kenya Bankers Association (KBA)

Stanbic Bank Kenya announces Ksh.3.6B profit after tax

By Citizen Reporter,

Stanbic Bank Kenya has announced a Ksh. 3.6 billion after-tax profit for the period ended September 30, 2020 underpinned by solid balance sheet growth...

stanbic

Free cash transfers take Ksh.6billion from Safaricom’s M-Pesa purse

By Kepha Muiruri,

The roll out of free mobile money transactions has punched a Ksh.6.1 billion revenue hole in Safaricom's M-Pesa service in six months to September 30....

coronavirus , free cash transfers , M-pesa , Safaricom

Safaricom launches Skiza mobile advertising platform to support SMEs reach customers

By Sponsored,

Safaricom has announced the launch of a new Skiza Advertising platform that aims to provide SMEs the opportunity to advertise their services. The n...

Safaricom , smes

Women in Business: Rose Mwebi fights to stay afloat amid COVID-19

By Dorcas Wangira,

Rose Mwebi, 42, steels herself everyday to keep her business ventures in Kenya's Kisii County afloat at the time of a global pandemic. She cannot a...

rose mwebi , Sheilamo Investment Uniform Centre and Noa Printing Press

Safaricom customers to enjoy one free call of up to 20 minutes as part of celebrations

By Citizen Reporter,

All Safaricom customers will enjoy one free call of up to 20 minutes within the next 30 days. A statement on the company website said to ensure tha...

Safaricom

Safaricom sets sights on new digital ecosystem as it marks 20 years

By Kepha Muiruri,

Leading telco operator Safaricom says it will be seeking to evolve beyond its current realm of mobile connectivity as it marks its 20th birthday this ...

Safaricom

KRA waives presumptive tax for new businesses

By Kepha Muiruri,

The Kenya Revenue Authority (KRA) has waived presumptive tax for new businesses in their first 24 months of operations as part of measures to simplify...

Kenya Revenue Authority (KRA) , presumptive tax

Safaricom’s job contribution hits record one million

By Kepha Muiruri,

Leading telecom operator Safaricom supported a record 1,013,728 jobs within its extended value chain in the past one year. The value measured in th...

COVID-19 , Peter Ndegwa , Safaricom , smes

Equity, KNCCI roll out Ksh.200 billion loan facility to support small businesses

By Kepha Muiruri,

Equity Group alongside the Kenya National Chamber of Commerce and Industry (KNCCI) have announced the creation of a Ksh.200 billion credit facility fo...

Equity Group , KNCCI , SME lending

COVID-19 chokes interest rate repeal gains – Report

By Kepha Muiruri,

The COVID-19 pandemic has reversed benefits earned from the repeal of the interest rate caps in November last year. While the rate repeal was expec...

COVID-19 , Fitch , interest rate caps

New bill to anchor local startups growth, regulation

By Kepha Muiruri,

Nairobi Senator Johnson Sakaja has developed the Startup Bill, 2020 which seeks to provide a framework to encourage growth and sustainable technology ...

Nairobi Senator Johnson Sakaja , startups

Over 70 leaders to speak at the 2020 U.S Diaspora and Trade Deal Event

By Agencies,

Over 70 speakers from across the world are set to grace this year's U.S Diaspora and Trade Deal Event (DITDE) which will facilitate a new narrative of...

Kenyans keen on multiple jobs as pandemic wipes out personal incomes

By Kepha Muiruri,

The majority of Kenyans have opted to pursue multiple income streams as a fix to their financial plight resulting from the COVID-19 pandemic. Accor...

Covid-19 pandemic , unemployment in Kenya

Govt Ksh.56.6B economic rescue package ineffective: Budget Office

By Kepha Muiruri,

The Parliament Budget Office (PBO) has cast doubt into the effectiveness of the recently approved Ksh.56.6B economic stimulus package. In its lates...

Kazi Mtaani , Post Covid-19 Economic Stimulus Package (PC-ESP)

Mshwari and Fuliza lead as SMEs top loan providers

By Kepha Muiruri,

KCB and NCBA backed Mshwari and Fuliza have been established as the most accessed mobile credit providers by Kenya’s small and medium enterprises (S...

fuliza , mshwari , SMEs in Kenya , Viffa Consult