Youth Fund to be turned into Microfinance
The government is hatching a plan to turn the Youth Enterprise Development Fund into a Microfinance Institution. Currently, the fund provides loans to existing micro-finance institutions (MFIs), registered non-governmental organizations (NGOs) involved in micro financing, and savings and credit co-operative organizations (SACCOs) for on-lending…
Beware of Conmen, KRA Tells Property Owners and Developers
The Kenyan Revenue Authority (KRA) has advised the public to be on the lookout for individuals and groups purporting to assist them to escape taxation of rental income. The groups, KRA says in a statement, are asking taxpayers to pay money for the service, and in the process…
80,000 Jobs Delayed by Lack of Foreign Investors
80,000 potential jobs have been put on hold pending a move by the government to secure investors for the Konza city project. The project, which is described as Africa’s Silicon Savannah, should have kicked off in April but experienced a few setbacks. Dr Bitange Ndemo, Permanent…
Nokia 808 PureView Now Available in Kenya
Through a press release by webaraza, Nokia has confirmed that the Nokia 808 PureView is now available through selected retailers in Kenya. The Nokia 808 PureView is the first smartphone to feature Nokia’s PureView technology. PureView represents Nokia’s highest level smartphone imaging experience, btinging together high-performance…
Barclays Half-Year Earnings Grow 18 Percent
Barclays Bank Kenya has today announced an 18 percent increase in pre-tax profit to 6.3 billion shillings for the six months to June this year up from 5.3 billion shillings last year according to an official press release. Total income grew 10 percent in…
APA-Jua Kali Paperless Partnership
Jua Kali Workers willing to to register for Heshima Mpango Poa funeral cover will be saved the lengthy paperwork involved. Registration will be available on all mobile money platforms. Agents will have mobile phones which are loaded with an application called MobSure and will…
Areas to Experience Electricity Interruption Today
Nairobi Region Buruburu Phase 1, Kiambiu Time: 9:00am to 4:00pm Kiambiu and adjacent customers South B Time: 9:00am to 5:00pm KIMC, Mater Hospital, Marakani Est, Kenya Polytechnic Hostels, Caltex, NHIF houses, South B Mosque, Bondo Rd,…
CBK proposes to overhaul MFI Regulations
The Central Bank of Kenya has released a proposal for the comprehensive review and overhaul of the microfinance and Deposit Taking Microfinance Institutions’ regulatory and supervisory framework. CBK says the proposals have been formed in consultation with practitioners and players over the three year period of…
Commuters to Gain from KES 605 Billion Road Upgrade
Kenyan commuters will benefit from a KES 605 billion government investment that will be used to improve traffic within the country. The Ministry of Roads said that the investment is part of a 15 year plan that will be used to develop the country’s infrastructure. According…
Standard Chartered Branches to Remain Closed This Sunday
Following a system upgrade scheduled to take place on Sunday 12th August, 2012, Standard Chartered Yaya, Ukay and Greenspan branches, usually open 7 days a week, will be closed on the stated date. In addition to this, the following services will be unavailable, between 4.00pm and…
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