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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

Small businesses to access low-interest loans from World Bank-funded project

Small businesses to access low-interest loans from World Bank-funded project
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Kenya , Norah-ratemo , Rebecca-miano , Simon-chelugui , Msmes-simon-chelugui , Ministry-of-investment , National-treasury , World-bank , Kenya-development-corporation , Central-bank , General-norah-ratemo , Supporting-access

Small businesses to access low-interest loans from World Bank-funded project

Small businesses to access low-interest loans from World Bank-funded project
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Kenya , Rebecca-miano , Simon-chelugui , Msmes-simon-chelugui , Norah-ratemo , World-bank , Kenya-development-corporation , Central-bank , Ministry-of-investment , National-treasury , General-norah-ratemo , Supporting-access

Sale of Spire Bank drags on as potential buyers fail CBK test

Sale of Spire Bank drags on as potential buyers fail CBK test
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Kenya , Dubai , Dubayy , United-arab-emirates , Siaya , Nyanza , Joel-gachari , Keneth-otieno , Spire-bank , Central-bank , Sacco-societies-regulatory-authority , Chase-bank

Allen Gichuhi: I was not consulted before appointment

Allen Gichuhi: I was not consulted before appointment
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

Kenya , Kenyans , Allen-gichuhi , Joelk-laigong , Jessie-lesit , Johnson-kazungu , Bonaya-godana , Jackson-kimuri , Anne-owuor , Willy-mutunga , Weda-isoe , Peter-leitoro

Allen Gichuhi: I was not consulted before appointment

Gichuhi had been appointed the chairman of the Industrial Property Tribunal by trade CS Betty Maina effective October 6.

Kenya , Kenyans , Allen-gichuhi , Joelk-laigong , Jessie-lesit , Johnson-kazungu , Bonaya-godana , Jackson-kimuri , Anne-owuor , Willy-mutunga , Weda-isoe , Peter-leitoro

Saccos key lifeline for new ventures


Saccos key lifeline for new ventures
Tuesday February 09 2021
Summary
Many saccos such as Nation Sacco are open to the public including firms, chamas (business clubs), partnerships and individuals.
In fact, small enterprises do not need to struggle to establish their own sacco to empower their employees.
They can join as a cluster and have their contribution remitted through check off.
In October last year when most businesses were in distress and yearning for economy to reopen after Covid-19 pandemic disruption I approached my bank for financing. After a month of waiting for results I got a regret.
My relationship manager pleading with me to understand that no sane financier would put money in such a sector as education when schools were closed and reopening remained uncertain. She promised to review my application when schools and economy is back to normal.

Sacco-societies-regulatory-authority , Credit-cooperative-society-sacco , Nation-sacco , Nation-savings , Cooperative-society , Sacco-societies-regulatory , Covid-19 , ஸ்யாகொ-சமூகங்கள்-ஒழுங்குமுறை-அதிகாரம் , கடன்-கூட்டுறவு-சமூகம்-ஸ்யாகொ , தேசம்-ஸ்யாகொ , தேசம்-சேமிப்பு

Mwalimu Sacco edges Merali out of Spire Bank, begins search for strategic investor


The East African
Wednesday December 30 2020
A Spire Bank branch in Nairobi. Previous attempts by Mwalimu Sacco to sell its stake in the lender collapsed after UK-based crypto lender BlockBank abandoned the deal after expressing interest in 2018. PHOTO | FILE | NMG
Summary
The giant teachers’ Sacco finally edged out business tycoon Naushad Merali from the bank in a share-purchase deal deemed as the ticket for attracting deep pocketed investors with much-needed resources and expertise to turn around the loss-making third-tier lender.
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Kenya’s Mwalimu National Sacco has acquired 100 percent ownership of the trouble-ridden Spire Bank in a tactical move to eventually offload the shares to a strategic investor after close to six years of clinging to an investment that went bust.

Kenya , Naushad-merali , Brian-kilonzo , Alphonse-kaio , Kenya-mwalimu-national-sacco , Spire-bank , Central-bank , Sacco-societies-regulatory-authority , Competition-authority-of-kenya , Equatorial-commercial-bank , Alliance-of-kenya , Mwalimu-national-sacco