Absa
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BUSINESS
Absa Bank opens first flagship La Riba branch in Nairobi
Absa Bank Kenya has opened its doors to customers at its newest branch located at the BBS Mall, one of Kenya’s largest shopping malls located in the commercial area of Eastleigh, Nairobi. Whereas this branch will serve all customers in the area, it also becomes Absa’s flagship La Riba center, marking a strategic milestone in network expansion and setting itself…
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NEWS
Elizabeth Wasunna-Ochwa: How financial institutions can strengthen MSMEs to grow their contribution to the economy
Kenya’s economic foundation unquestionably rests upon its Micro, Small, and Medium Enterprises (MSMEs). As indicated in Sessional Paper Number 5 of 2020 on Kenya Micro and Small Enterprises Policy, these enterprises contribute to 24 percent of Kenya’s GDP, encompass over 90 percent of private sector enterprises, and engage 93 percent of the total labour force in the economy. The MSMEs…
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