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Browsing: SMEs
Eight Kenyan universities have been selected as part of the World Bank’s $55.8 million SME formalisation project. In the World…
Eldohub platform Sasakazi is addressing barriers to decent employment, including the availability of skilled employees among the youth. Sasakazi is…
Nigeria’s Access Bank and the United States International Development Finance Corporation (DFC) have signed a commitment letter for a $280 million financing to assist in tackling the gap in financing for small- and medium-sized enterprises (SMEs).
Tax relief or a better legal framework for SMEs and start-ups would have been a major milestone for Tanzania’s private sector development agenda, however, the Finance Act does not address the heavy burden that start-ups and SMEs face when doing business in Tanzania and furthermore the proposed allocation of local government to the improvement of local entrepreneurship infrastructure was proposed, it was subsequently removed along with the contribution of local government finances to women entrepreneurs as well.
It would have been an opportunity for the Finance Act to enact amendments to certain Anti-Money Laundering Act and Economic Crimes Act provisions that treat tax offences as economic crimes or money laundering offences that are unbailable offences when they should be treated as tax offences that attract hefty fines and/or penalties.
Other areas that could have been amended are the problematic provisions of the Tax Administration Act including section 52(10) which provides that an objected assessment/decision is confirmed and subject to appeal if the Commissioner fails to determine it within 6 months of admission to name just a few.
Stanbic Bank has revealed that it has empowered over 45,000 women entrepreneurs in the last three years Under its DADA…
Many investors are getting more and more cautious about the stability of business environments and the risks that come with them.
Small and Medium enterprises are now poised to play a crucial role in stabilizing and fixing the global economy. SMEs substantially outnumber big shareholding companies and create more job opportunities. They are inherently entrepreneurial, substantially contributing to the shaping of innovation globally.
All the creators and participants of the Annual Investment Meeting agree that SMEs are the centre and the life of emerging and developed economies. Small and Medium Enterprises are also critically important for driving global economic growth and achieving global Sustainable Development Goals.
Mastercard is collaborating with Meta to support the digitization and growth of SMEs across the MEA region The firm says…
Organic Diaries Limited, Tropical Lush Limited, Meditrust Healthcare Services and Organic Fields are some of the winners of the KSh…
Kiva will oversee the disbursement of the low-interest loans to help SMEs Last week Google announced a plan to invest…
At the same time, KEPSA said the initiative will provide a unique platform to facilitate U.S. and Kenyan SME partnerships.
It will also help in supporting women and youth to run Kenyan entrepreneurs as well as U.S. women, minority, and diaspora owned businesses, and help SMEs in both countries address the current challenges many faces to access the two markets.
The agreement was signed by CCA President & CEO Florizelle Liser and KEPSA CEO Carole Kariuki and witnessed by President Uhuru Kenyatta in New York, U.S.A.