SMEs
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BUSINESS
Stanbic Bank Affirms Commitment To Foster Growth Of SMEs In Kenya
Stanbic Bank Kenya has affirmed its commitment to SMEs growth and capacity building through innovative, customized and relevant solutions. The Bank made this announcement during the Kenya Annual Manufacturing Summit & Expo, popularly known as the Changamka Shopping Festival, organized in partnership with the Ministry of Investments, Trade, and Industry. Speaking to the theme of the festival, “Celebrating Kenya’s Manufacturing…
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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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BUSINESS
Kingdom Bank partners with Sinapis to offer training to local SMEs
Kingdom Bank through the KB Growth Hub hosted at least 40 local entrepreneurs for a training and business consulting clinic in partnership with Sinapis. A social enterprise that empowers MSMEs through coaching and training. The full-day consulting services session saw MSME owners and directors engage with experts to assess their business needs and understand their pain points from the sales…
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NEWS
Faulu Bank Empowers SMEs Through Innovative Customer Engagement Forums
Faulu Microfinance Bank has kicked off the rollout of its revamped solutions to customers and SMEs across the country ensuring that they fully understand and can harness the benefits of their new offerings. The move is in line with the bank’s new commitment to foster the growth of small and medium-sized enterprises (SMEs) even as it positions itself as a leading Traders…
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NEWS
Vaspro celebrating MSMEs in Kenya with a special offer
Did you know that Micro-Small and Medium-sized Enterprises (MSMEs) make up over 90% of all firms and accounts, on average for 70% of total employment and 50% of gross domestic products? In other words, MSMEs sustain our development and economy globally. That is why the general assembly declared the 27th of June the Micro-small and medium-sized enterprises day (MSMEs Day).…
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NEWS
Health SMEs in Africa to benefit from a digital finance fund
Medical Credit Fund (MCF), a non-profit fund exclusively dedicated to financing small and medium-sized healthcare companies in Africa, celebrated its first loan disbursement within MCF2 on Monday. The Dutch Ministry of Foreign Affairs made a catalytic investment of Ksh.900Million for the second stage of the fund. Medical Credit Fund is established as part of PharmAccess Group, a non-profit organization working…
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BUSINESS
Faulu Bank in Ksh1Billion boost to small ventures in Rift counties
Faulu Microfinance Bank is boosting its presence in the counties by increasing support to small enterprises to play a bigger role in key sectors like agriculture, manufacturing, trade, tourism and real estate. This will see the -Bank lend more than Ksh 1billion to farmers, traders, contractors, manufacturers and property developers in Nakuru, Nyandarua and Laikipia counties, three of the fastest…
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Uncategorized
AGF issues $5m Loan Portfolio Guarantee to Sidian Bank to boost SMEs financing in Kenya
The African Guarantee Fund (AGF), has issued a Loan Portfolio Guarantee to Sidian Bank to boost financing of the SME sector in Kenya. The Guarantee line worth half a billion Kenya shillings will be in place for a period of 4 years starting 2021. The partnership seeks to support the growth of SMEs through provision of guarantees for the Bank’s…
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NEWS
NCBA, KAM partner to support manufacturing SMEs in Kenya
NCBA Bank Kenya PLC has today partnered with the Kenya Association of Manufacturers (KAM), to enhance the development of Manufacturing SMEs in the country. The two-year deal will see the lender and KAM support 300 Manufacturing SMEs. This will be done through capacity-building programs to address some of the challenges facing local Manufacturing SMEs. Through the partnership, the two institutions…
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Uncategorized
Standard Chartered Bank, Light for the World ink deal to prepare University students for the job market
Standard Chartered Bank Kenya has today partnered with Light for the World, through InBusiness Initiative in Kenya, to help bridge the gap between young graduates and the work environment through a series of work readiness and technical training schemes. In line with the Bank’s FutureMakers employability pillar, the one-year pilot program at a cost Sh 8 million will focus on building…
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WOMEN SPACE
Women’s Entrepreneurship Day: The role of women in business is changing
Last week, the world has been celebrating Women’s Entrepreneurship Day. This is a day set aside to observe, celebrate, empower and support women in business around the world. Founded in 2013, Women’s Entrepreneurship Day was set to bring awareness to the millions of girls living in poverty globally, and deserve to be given a chance in life while at the same…
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