Author: Fredrick musungu

Absa Bank Kenya PLC and African Guarantee Fund (AGF) have come up with a KES.1.25 billion Loan Portfolio Guarantee Facility, to increase credit accessibility for local small-scale businesses, including start-ups. The guarantee line will be in existence for a period of five years and provide up to KES.100 million in a single borrower limit. The co-operation will enable Absa Bank Kenya to support small businesses in enhancing their business managerial capabilities in areas of governance, human capital management, quality control, packaging, financial management and marketing. This will help to scale up SME lending activities in circumstances where the target SME…

Family Bank has been singled-out to be  the best bank in customer responsiveness. As well as digital banking experience in a survey performed by the Kenya Bankers Association. Almost  21.2 percent of more than 29,000 respondents voted Family Bank to top overall and best tier two banks in the 2021 survey. Family Bank went up one position as compared to the 2020 survey where the Bank emerged as the overall second best bank. And maintained the position as best tier two bank in customer responsiveness and satisfactory digital experience. According to the survey, Banking Apps are the highly preferred digital…

At times distribution and storage of drugs can be challenging and scandalous as well. Zipline, a logistics company, will now use its autonomous aircraft technology for the storage and delivery of COVID-19 vaccines, blood products, and additional medical stocks to health facilities within Kisumu County. Zipline company and Kisumu County have come into agreement to facilitate the use of autonomous aircraft technology for the storage and delivery of COVID-19 vaccines, blood products, and other medical commodities to health facilities in the county. The agreement called the Kisumu Universal Health Acceleration Project seeks to remove barriers to access to COVID-19 vaccines…

What comes to your mind when you hear the term “Technology”? It doesn’t have to be so complex, beyond your comprehension. Technology is simply the application of scientific knowledge for practical purposes, whether in a given industry or our daily lives. So when we use our scientific knowledge to accomplish a specific purpose, we’re using technology. With that said, in the past 11 years, technology has greatly revolutionized how Kenyans interact, transact, and even think. It has gradually made its way into almost every field. And led to the creation of amazing tools as well as resources that put vital…

The Central Bank of Kenya is pondering getting into the deep waters of digital currency after slowing for some time The country’s monetary authority is inviting comments from the public, through a discussion paper, views that it says will be considered when evaluating the possible use of Central Bank Digital Currency(CBDC) in Kenya. Written submissions or representations may be delivered to the Director, Bank Supervision, P.O. Box 60000-00200, Nairobi; hand-delivered to the Central Bank of Kenya Headquarters, Haile Selassie Avenue, Nairobi; or emailed to fin@centralbank.go.ke; to be received not later than Friday, May 20, 2022 at 5.00 p.m Whereas the…

Regardless of whether you are a day trader, swing trader, or position trader, having a good plan of action can’t be underestimated.  A reliable strategy informs your trading decisions, offers you the necessary market information and helps you manage your potential trading risks. To come up with the right strategy, you have to ask yourself some honest questions, learn from the mistakes made by you and your fellow traders in the past, and be ready to research and learn how the capital market operates. As a trader you should also be willing to evaluate your trading strategy, to see if…

According to the BBC, one of the world’s largest cryptocurrency firms Binance, will buy a $200m stake in Forbes in the latest twist regarding the 105-year-old media brand. Forbes, famous for its ranking of billionaires, said the deal would help make it a leader supplying information about digital assets, like Bitcoin. But news of the investment prompted questions among media watchers, regarding potential conflicts of interest. Binance sued Forbes in 2020 for defamation and later dropped the case. Analysts also pointed out that crypto assets have proven vulnerable to manipulation by celebrities and media hype, prompting warnings from regulators around…

According to a report by the Kenyan Wall Street, Branch International , a fintech enterprise has happily welcomed the approval of its plan to acquire the Century Microfinance Bank by the  Central Bank of Kenya. Branch International Limited, a provider of digital lending financial solutions, through its local subsidiary Branch Kenya, has obtained the necessary Ministerial exemption and regulatory approvals authorizing it to conclude the acquisition of a bulk stake in Century Microfinance Bank Limited effective January 1, 2022. With this acquisition, Branch Kenya will soon be giving rise to a landmark evolution as the first digital lender to transition…

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Need a platform where you can find or sell your house plans/designs? 1.Muthurwa.com 2.Jiji.co.ke 3.Other avenues.

Are you a CEO? Accommodate a digital marketing mindset.

Facebook’s Metaverse on one side and Apple’s AR glasses on the other side.

Looking for the best asset financing program? 1.Co-op Bank partnership with Toyota Kenya 2. Co-op Bank partnership with Isuzu