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 [read more …]
NCBA Witnesses Surge in Digital Loan Disbursements, Driven by Fuliza and M-Shwari
The National Commercial Bank of Africa (NCBA) has reported a substantial increase in digital loan disbursements during the first half of the year, attributing this growth to the popularity of its digital lending platforms, particularly Fuliza and M-Shwari. According to the latest financials for H1 2023, these digital channels have played a pivotal role in [read more …]
Animal Feed Prices Remain High Despite Duty Waiver Extension, Challenges Persist
Despite the extension of the duty waiver for manufacturers to import raw materials, the prices of animal feed in Kenya continue to remain high, mainly due to the scarcity and elevated cost of critical raw materials like soya beans and maize in the global market. The Association of Kenya Feed Manufacturers (AKEFEMA) highlighted that while [read more …]
The Rise of Drop Shipping: Empowering Kenyans in the Global E-commerce Arena
Fellow Kenyan dreamers and aspiring entrepreneurs! Are you tired of the same old business ideas that require hefty investments and inventory nightmares? Well, fret no more! We’re about to dive headfirst into the world of drop shipping—a game-changer that will revolutionize the way you conquer the global e-commerce scene from the comfort of your own [read more …]
Equity Bank Kenya Loses Tax Dispute, Ordered to Pay Sh1.16 Billion in Landmark Ruling
Recently there has been disagreement between Equity Bank Kenya and authorities regarding its tax compliance resulting in significant economic ramifications for the former. After a prolonged legal battle against several government departments, including KRA (Kenya Revenue Authority), Equity Bank was ruled against by The High Court for a staggering amount- Sh1.16 billion – related to [read more …]