Browsing: NBK

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  • The National Bank of Kenya has launched a $70 million new initiative aimed at empowering women entrepreneurs in the country.
  • The Nia Offering will provide a range of financial solutions, including business loans, asset financing, and overdraft facilities, to help women entrepreneurs meet their business needs.
  • The programme will also offer technical assistance to help them develop their business plans, improve their financial management skills, and enhance their marketing and branding strategies.

The National Bank of Kenya has launched a $70 million new initiative aimed at empowering women entrepreneurs in the country.

Dubbed “Nia” the initiative seeks to provide women owned and women led enterprises with access to financial support, capacity building, and mentorship to enable them sustainability grow their businesses and achieve their full potential while creating new job opportunities and scaling the national economic contribution.

The Nia Offering will provide a range of financial solutions, including business loans, …

NBK MD George Odhiambo1 1
  • The National Bank of Kenya (NBK) has appointed George Odhiambo as the Managing Director.
  • The position was previously held in an acting capacity by Peter Kioko, the Finance and Strategy Director since June 2022.
  • Odhiambo is a seasoned banker, and the outgoing MD BPR Bank Rwanda Plc since its inception last year, following the merger between KCB Bank Rwanda Plc and Banque Populaire du Rwanda.

The National Bank of Kenya (NBK) has appointed George Odhiambo as the Managing Director. The position was previously held in an acting capacity by Peter Kioko, the Finance and Strategy Director since June 2022.

Odhiambo is a seasoned banker, and the outgoing MD BPR Bank Rwanda Plc since its inception last year, following the merger between KCB Bank Rwanda Plc and Banque Populaire du Rwanda. He was the immediate former MD, KCB Bank Rwanda Plc and joined KCB in 2009 as Head, Business Analytics, KCB

NBK gets $10 million investment for onward lending
  • National Bank of Kenya (NBK) has received $10 million from WaterEquity investment for onward lending to public and private water utility companies

  • The NBK, WaterEquity partnership will also benefit micro, small, and medium-sized enterprises (MSMEs) by boosting the KSh 5 Billion NBK Majikonnect programme 

  • NBK’s collaboration with WaterEquity is also expected to positively and significantly impact the country’s access to water, sanitation, and hygiene services and products

National Bank of Kenya (NBK) has partnered WaterEquity, a global impact investor, for onward lending to public and private water utility companies.

The NBK, WaterEquity partnership will also benefit micro, small, and medium-sized enterprises (MSMEs) by boosting the KSh 5 Billion NBK Majikonnect programme up to an additional USD 10 million.

Acting NBK Managing Director Peter Kioko reaffirmed the bank’s commitment to supporting last mile connectivity in the water sector through increased access to financing.

He described WaterEquity as an entity intentionally focused …

SIMB

While receiving the first batch of 25 FUSO Canter buses by Simba Corporation, MetroTrans Chief Executive Officer Oscar Rosanna noted that the move would allow them to ease the increasing demand for buses on their existing routes.

It would also help them serve their customers better by offering cashless payments. The digital offering will be supported and enabled by the technology company SWVL which allows users to make and track bookings through the SWVL app.

The CEO added that they would also add another 55 buses by the end of the year that will be used to gain footing in older routes, and they seek to join new routes.…

www.theexchange.africa
  • National Bank of Kenya has committed to United Nations Global Compact Principles on Responsible Business
  • NBK will be required to submit an annual Communication on Progress (CoP) report, demonstrating to its stakeholder its progress in working towards the Ten Principles of the UN Global Compact

Kenya’s National Bank of Kenya (NBK) has signed up to the United Nations Global Compact, reinforcing its commitment to uphold and protect human rights, labour, environment, and anti-corruption principles through its business practices.

With its signing, NBK has committed to adopting ethical and responsible business practices in its day-to-day operations and organizational culture.

Speaking during the signing ceremony, NBK Managing Director Paul Russo noted that participating in the United Nations Global Compact will strengthen its commitment to the UN Sustainable Development Goals (SDGs) even as they continue to develop their sustainable social and environmental responsibility programs, aimed at creating shared value for communities in which …