- Kenya Airways remains in the red as loss hits historic USD290.8 million
- Kenya: Ruto urges German enterprises to invest in MSMEs
- Tanzania filmmakers’ quest to nab billions from global movie fans
- Diageo buys additional shares in EABL to become its leading shareholder
- Africa conference to discuss power affordability and access
- U.S. investment in Tanzania to grow after Samia’s policy shift
- Bamburi Cement appoints new CEO amidst dwindling profits
- Airtel Money partners with Prudential Uganda to launch affordable health insurance
SMELink International is an SME networking platform that Links SMEs with opportunities both locally and globally. They have a database of resources for technical expertise, financiers, online training, market surveys, knowledge sharing and partnerships.
The TheSMELink conference will connect SMEs to opportunities within the Africa Continental Free Trade Area (AfCFTA) and global markets and hold discussions that will advocate for digitized trade and networking mechanisms that will excite youth inclusion Women in business.
Frida Owinga, the founder of SME Founders Association, explained that there was value in targeting SMEs with sustainable solutions to help their businesses scale, saying, “SMEs in Africa and across the globe form the largest contributors of employment and provide a source of income to the largest proportion of the population. SMEs also account for most businesses worldwide and are important contributors to job creation and overall global economic development.”…
- Stanbic Bank, Stanbic Kenya Foundation and the German Development Cooperation have signed a deal to help MSMEs
- The partners say the Ksh 62million project seeks to support Micro Small and Medium Enterprises (MSMEs) to respond, restore and rebound from the effects of the pandemic
Kenya’s Stanbic Bank, Stanbic Kenya Foundation and the German Development Cooperation have entered into a partnership aimed at accelerating business recovery and growth of small enterprises post the Coronavirus Disease (COVID-19) Pandemic.
In a statement, the partners say the Ksh 62million project seeks to support Micro Small and Medium Enterprises (MSMEs) to respond, restore and rebound from the effects of the pandemic.
The partnership is under the Employment and Skills for Development in Africa (E4D) Programme commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ and Stanbic Kenya Foundation.
The business recovery interventions under the partnership will be provided …
US government in Kenya is developing several mechanisms that are helping small and medium companies in Kenya access local and American investors through raising equity, debt and capital injection. Several companies were part of the recently concluded AmCham Kenya business summit where they pitched their proposals to American investors.
The Kenya Investment Mechanism is funded by USAID as part of Feed the Future, the U.S. Government’s global hunger, and food security initiative. During its first year of implementation, it has built a network of transaction advisors and financial institutions that have mobilized $20.5 M of investments in Kenyan agribusinesses.
KIM is providing a comprehensive and integrated approach to financing actors and increasing competitiveness through the mobilization of capital into the horticulture, dairy, livestock, and clean energy value chains (VCs).
Through financial incentives, training, and technical assistance, KIM is building the capacity of Financial Institutions (FIs) and Business Advisory Services providers …
A new survey released by the talent recruitment agency BrighterMonday has revealed major companies that Kenyans aspire to work for while also revealing key details of the employment spectrum in the country. In the survey, Safaricom was ranked as the top company that job seekers would love to work for with the majority of respondents attributing the working environment and remuneration as key indicators.
A total of 3,448 valid responses puts Safaricom in the top spot as the number one best company to work
for as well as the most ‘desired’, and ‘respected’ brand. Other companies in the top 5 include East African Breweries, United Nations (UN), Kenya Commercial Bank (KCB) and Kenya Revenue Authority (KRA).
Speaking during the launch of the report, BrighterMonday Chief Executive Officer Emmanuel Mutuma revealed that Kenyans were not entirely happy with their current work situations, with most willing to switch jobs.
“Respondents aged between …
Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, recently announced a new office in Angola, to support the growing opportunities for African entrepreneurs and business owners.
Millions of people are eager to engage in online commerce but lack proper support and functionality. South Africa has the largest e-commerce market in the continent with Nigeria and Kenya following closely, and people of the region are eager to trade and transact in the new digital space.
“Africa deserves the opportunity to participate in e-commerce, they deserve advancement,” said Allied Wallet Africa CEO Andy Khawaja, “We are happy to be chosen for this opportunity. We are dedicated to helping these entrepreneurs and creating new opportunities in the region.”
Allied Wallet Africa will bring new, ‘open API’ online payment solutions along with mobile payment options, digital wallet solutions, and even solutions catered to utility and payroll functions. …
The MSME sector employs approximately 14.9 million Kenyans and contributes an estimated 28 per cent of the GDP…
Allianz X, the digital investment unit of the Allianz Group, has announced that it has made an undisclosed amount of investment in SafeBoda, an East African based motorcycle hailing company.
Allianz Z, based in Germany referred SafeBoda as a major African ride-hailing platform that also offers various on-demand consumer and payment services in what is the entity’s first investment in an African-headquartered company.
SafeBoda, winner of the 2018 AppsAfrica Award, aims to offer reliable and safe transportation to its customers and its mobile payment platform is an example of digital companies contributing to financial inclusion across Africa.
It started in Kampala Uganda and has seen it expand into Nairobi getting good reception which made established competitors like Bolt (Formerly Taxify) and Uber revisit the manner in which they operated motocycle taxis.
For the Series B investment, Allianz X is co-investing with Go-Ventures, a venture fund whose cornerstone investor is GO-JEK. …