Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Faulu is changing how it assesses SME borrowers who lack traditional security for loans. A new merchant platform will help businesses consolidate their income records for credit assessment. The lender is introducing flexible repayment arrangements to match different business revenue cycles. Small and medium sized enterprises (SMEs) that own no land or vehicles to pledge…
SMEs are calling for changes to tax and credit policies to ease pressure on businesses. Business leaders warn that financial barriers are limiting enterprise growth and job creation. Government support programmes face calls for stronger measures to help small businesses expand. Heavy taxes and limited access to credit are holding back small businesses in Kenya,…
Kenyan MSMEs prepare to showcase locally manufactured products at a major regional trade fair in Rwanda. Government officials urge entrepreneurs to use the exhibition to secure business deals and expand into new markets. The Kigali event targets stronger regional value chains and cross-border trade opportunities for Kenyan businesses. Kenya has stepped up efforts to expand…
Jua Kali artisans are tapping into new opportunities through government housing projects Local workshops are finding ways to reach larger public procurement contracts. Billions of shillings in upcoming projects could expand opportunities for small enterprises. Jua Kali artisans have earned Ksh 264 million making windows and doors for the Pioneer Affordable Housing Project, which President…
Susan Mang’eni urges African countries to boost intra-continental trade and reduce reliance on external markets. Trade Roots Africa seeks to connect Kenyan MSMEs with buyers and business opportunities across Africa. Kenyan enterprises prepare to showcase products and pursue partnerships at the upcoming EAC MSME Trade Fair in Kigali. Principal Secretary (PS) for Micro, Small and…
Uwezo Fund beneficiaries are drawing attention at a major continental business gathering. Women, youth and entrepreneurs with disabilities are pushing for greater access to business growth opportunities. Fresh calls are emerging for stronger links between small businesses and long-term financing. Women, youth and persons with disabilities benefiting from the Uwezo Fund have emerged as a…
Government targets full operation of 290 industrial centres Power connections emerge as a major hurdle facing the centres CIDCs have already supported thousands of jobs and MSMEs The government is stepping up efforts to operationalise Constituency Industrial Development Centres (CIDCs) across the country as it seeks to take manufacturing, value addition and business opportunities closer…
PS Mangeni warns power delays are putting MSME projects at risk Young entrepreneurs in value addition need reliable electricity to run machinery Government urged to consider solar and other alternative power sources Government spending on enterprise projects will come to nothing if the power supply stays unreliable, State Department for Micro, Small and Medium Enterprises…
Banks are adding cash flow tools and bookkeeping support to MSME platforms Digital services are making payments, account management and loan applications easier New credit scoring approaches could widen access for underserved small businesses Kenyan banks are handing small businesses cash flow forecasting tools, bookkeeping help and online loan applications, the central bank reports. Behind…
Banks are urged to measure MSME lending by its impact on jobs, businesses and livelihoods Fresh MSME lending reaches Ksh246 billion as banks target Ksh500 billion by year-end Lenders call for stronger data, smarter guarantees and more green financing for agriculture Commercial banks have been challenged to shift focus from the size of the loans…
