Plug Mtaani Vijana 2invest, a promising initiative in Kisumu County, plans to empower 200 young individuals equipped with innovative business ideas; this endeavor will not only foster an entrepreneurial spirit but also generate opportunities for these budding entrepreneurs. The collaboration–comprising the county government, national government and diverse agencies–aspires towards linking youthful energy directly to the …
U.S. and Kentaste Forge Partnership to Catalyze Kenyan Coconut Industry
In a significant stride towards fostering economic growth and opportunities, the United States has unveiled a groundbreaking partnership with Kenyan coconut processor Kentaste. This collaboration is poised to empower over 4,500 Kenyan farmers by creating an environment conducive to prosperity and progress. The announcement took place on August 28, 2023, with Ambassador Meg Whitman joining …
Telkom Kenya’s Woes Escalate: $40 Million Debt and National Security Concerns
The repercussions of a past business deal have cast a shadow over Telkom Kenya, as the telecommunications company grapples with a $40 million debt owed to American Towers Corporation (ATC), and national security concerns intensify due to the ongoing feud between the two entities. This conundrum originates from ATC’s purchase of 715 telecommunications towers from …
Borrowers’ Reluctance Undermines Ruto’s Digital Loan Repayment Offer
In a surprising turn of events, an offer by President William Ruto to alleviate the burden of defaulted digital loans has been met with widespread indifference from borrowers. Despite the promise of a 50 percent reduction on a staggering Sh30 billion worth of defaulted loans, an overwhelming majority of borrowers have failed to seize this …
NCBA’s Ambitious Green Financing Initiative: Paving the Way for a Sustainable Future
In a resolute move towards a greener and more sustainable future, the NCBA Group, deeply rooted in Kenya’s financial landscape, has set forth an audacious commitment to mobilize a staggering Sh30 billion for green and sustainable financing by the year 2030. This strategic pledge comes as a pivotal part of the institution’s dedication to environmental …