Topic: MSMEs
KRA to introduce WhatsApp bot to streamline tax invoicing for small traders
Oct 23, 2024 at 11:25 AM
In a significant move to enhance tax compliance, the Kenya Revenue Authority (KRA) is set to launch a WhatsApp bot that will allow taxpayers to generate electronic tax invoices dir...
Safaricom, Cloudflare, Copy Cat unite to offer MSMEs affordable cybersecurity
Oct 22, 2024 at 10:57 PM
In a sweeping initiative to protect Kenya’s digital business landscape, Safaricom, Cloudflare, and systems integrator Copy Cat have launched an ambitious collaboration aimed at f...
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Kenyan banks commit Sh450 billion to empower local MSMEs over next 3 years
Oct 17, 2024 at 04:59 PM
Kenya’s banking sector, under the Kenya Bankers Association (KBA), has announced a Sh450 billion financial boost to Micro, Small, and Medium-sized Enterprises (MSMEs) over the ne...
Kenya banks challenged to lower their interest rates to support MSMEs growth
Oct 16, 2024 at 08:21 PM
Local banks must lower their lending rates if Kenya’s micro, small, and medium-sized enterprises (MSMEs) are to thrive....
'Inua Biashara': Govt unveils accelerator program to stimulate growth of MSMEs
Oct 16, 2024 at 07:27 PM
President William Ruto on Wednesday launched the MSME Accelerator Programme aimed at boosting the development of Micro, Small, and Medium Enterprises (MSMEs) in Kenya....
Govt addresses reports on steps to deal with Sh7 billion Hustler Fund defaulters
Oct 03, 2024 at 06:33 PM
The government has now denied recent reports of its intention to deduct loans from mobile wallets for defaulters of the Hustler Fund, a programme designed to enhance financial incl...
Safaricom Investment Sacco rebrands as it eyes customer base, financial growth
Sep 25, 2024 at 10:41 AM
SIC Investment Co-operative, formerly known as Safaricom Investment Co-operative, has unveiled its new identity in a strategic move aimed at fostering growth and broadening its hor...
AU calls for MSME innovation in Continental Free Trade Area opportunities
Sep 12, 2024 at 11:28 AM
The African Union (AU) has challenged African startups and micro, small, and medium-sized enterprises (MSMEs) to seize the vast opportunities presented by the African Continental F...
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I&M posts Sh8.7 billion profit before tax, achieving 24 per cent growth in HY2024
Aug 22, 2024 at 08:35 PM
I&M Group PLC reported a strong financial performance for the first half of 2024, with a 24 per cent increase in Profit Before Tax (PBT) to Sh8.7 billion, compared to Sh7.0 billion...
Formal credit access eludes majority of Kenyan MSMEs, report reveals
Jun 07, 2024 at 10:12 PM
A recent study by pan-African market insights firm Stears reveals that only 1.1 million out of Kenya's 7.4 million micro, small, and medium enterprises (MSMEs) have access to forma...
KNCCI calls for review of proposed Sh2 million fine for eTIMS non-compliance
May 20, 2024 at 10:49 AM
The Kenya National Chamber of Commerce and Industry (KNCCI) has voiced strong opposition to the proposed Sh2 million monthly penalty for businesses failing to comply with the Elect...
KRA, KNCCI partner to boost MSME tax compliance and sustainable practices
May 08, 2024 at 05:47 PM
The Kenyan business landscape is set for a positive shift as the Kenya Revenue Authority (KRA) and the Kenya National Chamber of Commerce and Industry (KNCCI) announced a strategic...
Co-op Bank recommends Sh8.8 billion dividend payout on back of profit growth
Mar 21, 2024 at 05:12 PM
The Co-op Bank is poised to reward shareholders with a Sh1.5 per share dividend payout for the full year ending December 2023, subject to regulatory and stockholder approvals....
CoG, KNCCI join forces to spur seamless inter-county trade through new polices
Feb 02, 2024 at 01:01 PM
The Council of Governors (CoG) led by Kirinyaga Governor Anne Waiguru and the Kenya National Chamber of Commerce and Industry (KNCCI) have joined forces to streamline inter-county ...
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Sigh of relief for SMEs and farmers as KRA waives eTims invoice requirement
Jan 11, 2024 at 02:28 PM
Farmers have breathed a sigh of relief as the Kenya Revenue Authority (KRA) unveils new regulations, exempting them and small businesses from the obligation to produce electronic i...
Ruto's Hustler Fund is grappling with a Sh10 billion loan defaults challenges
Dec 22, 2023 at 01:11 PM
The Hustler Fund, launched in November 2022 to empower micro, small, and medium enterprises (MSMEs) through accessible credit, is grappling with a significant challenge as loan def...
SasaPay unveils innovative cash-back transaction model to empower SMEs
Dec 01, 2023 at 11:17 AM
In a strategic move to alleviate financial burdens for businesses, SasaPay, the online payment platform, has introduced a revolutionary solution, refunding fees incurred during tra...
Spike in small business closures sparks concern in state department of MSME Development
Oct 31, 2023 at 12:22 PM
The number of small businesses shutting their doors has raised alarm within the State Department of Micro, Small, and Medium Enterprise (MSME) Development, prompting a swift respon...
Absa Bank announces new Sh100 billion pledge to spur growth of Kenyan MSMEs
Oct 18, 2023 at 02:12 PM
Absa Bank Kenya has pledged Sh100 billion in a bid to foster the growth of Micro, Small and Medium Enterprises (MSMEs) across various value chains for the next three years....
World Bank commits $100 million to revive Kenyan MSMEs hit by pandemic
Sep 26, 2023 at 12:45 PM
In an effort to resuscitate Kenyan micro, small, and medium enterprises (MSMEs) that were severely impacted by the Covid-19 pandemic, the World Bank is set to inject Sh14.47 billio...
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