Topic: MSMEs
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...
DTB partners with KBA, WWF and IFA to equip MSMEs with sustainable practices
Jul 03, 2023 at 01:10 PM
Diamond Trust Bank (DTB) has successfully conducted a comprehensive training program focused on environmental, social, and governance (ESG) principles, specifically designed for mi...
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KCB Foundation and Elgeyo Marakwet deal unlocks Sh30 million for MSMEs
Mar 24, 2023 at 12:02 AM
KCB Foundation and Elgeyo Marakwet County have signed a Sh30 million partnership deal that will see Small and Medium Enterprises (MSMES) access more affordable credit....
Chief Justice Martha Koome roots for Ruto's bottom-up economic model
Mar 02, 2023 at 02:38 PM
Chief Justice Martha Koome endorsed President William Ruto’s bottom-up economic mode....
William Ruto fulfills election pledge as he launches much-anticipated Hustler Fund
Nov 30, 2022 at 04:40 PM
President William Ruto has officially launched the much-anticipated election promise, the Hustler Fund....
Sendy partners with Google to empower MSMEs in Kenya, South Africa, Nigeria
Jun 14, 2022 at 01:08 AM
Sendy, an e-commerce company, has announced a partnership with Google in an initiative meant to empower micro, small and medium enterprises in Kenya, South Africa and Nigeria....
Stanbic Holdings records Sh7.2 billion in profit on back of COVID-19 interventions
Mar 04, 2022 at 03:06 PM
Stanbic Holdings announced a profit of Sh7.2 billion for the year ended December 31, 2021....
NBK signs trade pact with Dubuy to unlock global markets for Kenyan MSMEs
Nov 12, 2021 at 02:10 AM
National Bank of Kenya (NBK) has signed a trade partnership deal with leading global logistics provider DP World to offer e-commerce services to Kenyan traders....
Uhuru orders removal of borrowers with loans of Sh5 million and below from CRB
Oct 20, 2021 at 01:54 PM
In his new directive issued during Mashujaa Day celebrations in Kirinyaga county, Kenyatta said the suspension will be for one year....
Notify Logistics launches Sh45 million program targeting entrepreneurs
Aug 30, 2021 at 07:45 PM
Notify recently raised Sh45 million in seed capital to be channeled to the Program seeking to reduce the cost of doing business for small businesses....
Banks to hold second Inua Biashara virtual summit for SMEs
Jun 18, 2021 at 09:02 AM
Kenya’s banking sector under Kenya Bankers Association (KBA) are set to hold the second Inua Biashara Summit for micro, small and medium-sized enterprises (MSMEs) from June 22-29...
