Standard Chartered Bank has given Sh5 million to the Top 100 mid-sized companies competition, which seeks to honour the fastest growing small and medium-sized firms in East Africa. The Top 100 survey is the brainchild of audit firm KPMG and Business Daily, a publication of the Nation Media Group. “Small and medium businesses are...
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M-Pesa, a mobile money transfer system that enables people to exchange funds without a bank account, is one of the biggest business success stories on the African continent. Created by Vodafone in Kenya, the system took just a few years to reach a market of 10 million users in a country where the population...
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The Association of Microfinance Industry (AMFI) has adopted rules designed to govern and promote accountability among its members. AMFI Chairperson Jennifer Riara, said rising concern worldwide on the effectiveness of microfinance to fight poverty had prompted the signing of the new regulation that was witnessed by 43 of its members at a Nairobi hotel....
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BridgingStaff Consulting invites you to attend the monthly Maendeleo Speaker Series on August 25th at 6:30 – 7:30 PM. The Series will provide a forum for entrepreneurs and small business owners to share their experiences and lessons learned on how to start and successfully manage a business. This month’s topic is titled – “Leveraging Social Media into...
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The recent changes requiring insurers to separate life from general business and new capital rules are likely to scuttle the growth of micro-insurance, players have said. They said the implementation of these guidelines will affect the nascent sub-sector with the potential of locking out new players and low-income earners. Similarly, the new capital requirement...
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The World Bank has stopped dealing directly with individual businesses, preferring to work with organisations that transact business with firms. The change of strategy is informed by the need to reach more SMEs which are engaged by established firms as vendors, distributors and sales agents. “We have changed our engagement strategy with SMEs to...
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Nairobi — Inoorero University has trained 3,000 young entrepreneurs on how to write successful business plans as an annual business plan writing competition enters submission stage. Chase Bank Enablis Business LaunchPad Competition is an initiative of Enablis Entrepreneurial Network East Africa, in conjunction with Chase Bank, Safaricom Foundation, East African Cables, Access Kenya, Inoorero...
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As East African economies modernise, the venture capital and private equity industry will play a crucial role in connecting small and mid-sized businesses, with crucial long-term capital for growth. In developed markets, the industry has played a crucial role as a catalyst for growth, where financing from traditional sources such as personal savings, friends,...
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With his neat haircut, simple T-shirt and heavy back-pack, Amos Gichamba looks like any other university student. But unlike many of his peers, the 20-something year-old student has been interviewed by media giant CNN, who came calling last year to find out more about what the young man is carrying in his pocket. CNN...
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Sitting at a roadside market in Nairobi, a woman picks a bunch of kale leaves from a sack and begins chopping them. It is about six o’clock in the evening. Joyce Wanjiru, who sells groceries, knows she needs to hurry up if she is to handle the demands of her customers buying her vegetables...
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