Author: Muindi

Credit Bank PLC, an SME based Bank in Kenya, has introduced a women-based product dubbed ElevateHer. This is a  transformative program designed to unlock the potential of women entrepreneurs in Kenya.  The program aims to equip women with business skills, offer them mentoring, expose them to networks, provide them with access to capital and equip them with the tools they need to succeed.  Betty Korir the CEO of Credit Bank,  affirmed that Women entrepreneurs through the ElevateHER proposition will boost their businesses, mitigate against business and household risks, have access to information both for their business and overall welfare. “….one…

Absa Bank Kenya reported strong growth in profit after tax to Ksh 8.2 billion shillings for the period ending 30 September 2021 as provision for bad debt declined sharply. The bank said the reduction in provision for bad debt reflects “the strengthening macro-economic environment, quality of credit, and resilience in customer operations”. Total income increased by 7 per cent to Ksh 27.3 billion, primarily due to higher interest income, which increased by 9 per cent year on year due to increased lending. Net customer loans increased by 9 per cent to Ksh 229 billion, owing to robust year-on-year growth in…

Kenya’s Minister of Health Mutahi Kagwe on Sunday asserted that strict measures will be enforced from Dec 21 to enhance the uptake of the vaccines. In the directives, Kenyans who are not fully vaccinated will likely be denied access to in-person government services.  They include services offered by the Kenya Revenue Authority, National Transport and Safety Authority, hospital and prison visitations as well as education, port and immigration services.  “Drivers, conductors, bodaboda riders, pilots, air hostesses and all other workers in the sector should be fully vaccinated and carry proof of vaccination at all times,” Kagwe said.  To access the…

Local investors at the Nairobi Securities Exchange (NSE)  will now participate in intraday trading. The bourse says this will deepen capital markets.  Day trading is the practice of purchasing and selling a security within a single day or trading session or multiple times over the course of the day.  Investors who participate in day trades will receive a discount on the second leg of the transaction which will be levied at 0.114 per cent compared to normal trades which are levied at 0.12 per cent. “Day trading is a welcome move for local investors who have previously lobbied for the…

Kenya’s Ministry of Health has approved doses of the Pfizer/BioNTech Covid-19 vaccine for all people aged 12 and over. Health Cabinet Secretary Mutahi Kagwe on Sunday was given a green light by the Pharmacy and Poisons Board a move that will bolster the country’s efforts to vaccinate 30 million people by end of 2022. “We are expecting 4million doses of this vaccine which will be administered to the teenagers,” he said adding that the global consensus is convincing young people to get vaccinated  “As top priority”. As of Sunday, Nov 21, a total of 6,388,427 vaccines had so far been…

If you are an Apple customer, Apple Inc says it will let them repair their own phones. The company says it is going to allow its users access to Apple genuine parts and tools by making repair guides available to them. “Available first for the iPhone 12 and iPhone 13 lineups, and soon to be followed by Mac computers featuring M1 chips, Self Service Repair will be available early next year in the US and expand to additional countries throughout 2022,” it said in a press release. “Creating greater access to Apple genuine parts gives our customers even more choice…