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State firms cry out for radical change

State firms cry out for radical change
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Nairobi , Nairobi-area , Kenya , Malaysia , Singapore , Canada , Dubai , Dubayy , United-arab-emirates , William-ruto , Abdi-kadir-mohammed , Isaac-awuondo

Why Hustler Fund must be different


It does not surprise that the Hustler Fund has taken off at a high speed. Kenya has been the epicentre of global micro-digital lending since 2007.


Kenya , William-ruto , Biashara-bank , Women-fund , Central-bank , Why-hustler-fund , Uwezo-fund , Youth-enterprises-development-fund , Hustler-fund , Financial-sector-deepening , President-william-ruto , Quick-mart

Full in-tray for Jumwa at the helm of gender docket


CS comes into the office at a time when there has been accelerated push for gender equality and women empowerment.

Biashara-bank , Affirmative-action-funds , Sustainable-development-goal ,

CS Jumwa urges public service heads to adhere to medium-term targets

Jumwa called upon every officer to play their role in joint efforts for her to succeed. - Kenya breaking news | Kenya news today | Capitalfm.co.ke

Harambee , Nairobi-area , Kenya , Nairobi , Aisha-jumwa , William-ruto , Margaret-kobia , Biashara-bank , Sustainable-development-goal , Public-service-commission , Heads-of-department , Cs-public-service

Review models of SME funding


History and experience in this country have taught us that subsidised credit schemes based on co-mingling of public funds with private capital have not had a very good record in terms of impact.

Nairobi , Nairobi-area , Kenya , William-ruto , Gideon-muiruki , Biashara-bank , Industrial-development-bank , Youth-development-fund , Central-bank , Small-enterprises-authority , Women-development-fund , Industrial-commercial-development-corporation

I&M targets high-net-worth clients with wealth management unit


I&M targets high-net-worth clients with wealth management unit
MARGARETTA WA GACHERU
I&M Bank #ticker:I&M has set up wealth management and advisory business targeting high-net-worth clients in a bid to diversify its non-funded income portfolio. The tier-one lender says the services will be offered through I&M Capital, managing for the clients a range of products and services that include fixed income securities, portfolio restructuring and optimisation, investment loans for government securities, insurance products and equities. It will also offer offshore Investments in collaboration with Bank One Mauritius, which like I&M Bank and I&M Capital is a subsidiary of I&M Group. “The team at I&M Capital have a deep understanding of local and global markets and will recommend solutions most relevant to clients’ investment needs informed by fundamental research,” said, I&M Capital chairman Daniel Ndonye. “They will provide insights that will help clients make the right investment decisions to protect and help their wealth grow.” The new unit is however separate from advisory firm I&M Burbidge Capital, which offers advisory services to corporate clients. Over the years, I&M Bank, which was listed at the Nairobi Securities Exchange (NSE) in 2013, has grown into a financial services group after acquiring Biashara Bank, Giro Bank and Youjays Insurance, providing financial advisory, real estate and bancassurance. Wealthy Kenyans have increasingly turned to professional investment advisers to help them maximise returns in the financial markets, to which they have turned in the wake of a persistent slump in the real estate market.

Mauritius , Nairobi , Nairobi-area , Kenya , Kenyans , Daniel-ndonye , Biashara-bank , Im-bank , Im-group , Bank-one-mauritius , Giro-bank , Nairobi-securities-exchange

I&M targets high-net-worth clients with wealth management unit

I&M targets high-net-worth clients with wealth management unit
businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.

Mauritius , Nairobi , Nairobi-area , Kenya , Kenyans , Daniel-ndonye , Biashara-bank , Im-bank , Im-group , Bank-one-mauritius , Giro-bank , Nairobi-securities-exchange

Oliver Fowler has been appointed as the new Board Chair of I&M bank


Oliver Fowler has been appointed as the new Board Chair of I&M bank
Shares
I&M Bank has announced the retirement of Mr. Suresh Bhagwanji Raja (SBR) Shah, its Founder and Chairman since 1974. Mr. Suresh has been subsequently succeeded by Mr. Oliver Fowler to serve as the new Chairman effective March 2021.
A statement from the bank said Shah will continue to remain on the Board as a Non-Executive Director.
With a carrer spanning 47 years as a banker, Mr. SBR Shah has led the Financial Services provider through its myriad of milestones such as acquisitions of Biashara Bank, Giro Bank, and Youjays Insurance in Kenya. He also oversaw the development of the Bank into a Financial Services Group that provides diverse solutions such as Real-estate, Financial Advisory and Bancassurance. During his tenure, I&M Bank moved from a tier 3 Bank to a tier 1 Bank.

Kenya , Kenyan , Kaplan-stratton , Suresh-bhagwanji-raja , Oliver-fowler , Financial-services-group , Biashara-bank , Im-holdings-board , Financial-services , Giro-bank , Kenyan-high-court , Im-bank