I&M Bank - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

I&M Bank partners with Google to train Kenyan SMEs in AI and digital skills

Sacco ReviewMay 30, 202604 mins

Kenyan small and medium‑sized enterprises (SMEs) are set to benefit from free Artificial Intelligence (AI) and digital skills training through a new partnership between I&M Bank and Google, aimed at boosting competitiveness in an increasingly digital economy. The initiative will equip entrepreneurs with practical knowledge in AI tools, digital marketing, business strategy and leadership development,…

Government’s interest rate cut aims to boost economic growth and entrepreneurship

Sacco ReviewMarch 8, 202504 mins

In a strategic move to foster business growth and reduce unemployment, the Kenyan government, through the Central Bank of Kenya (CBK), has implemented a reduction in interest rates. From 11.25% in 2024, the rates have been lowered by 75 basis points to 10.75% in 2025, with an additional 50 basis point cut anticipated. This move…

Loss-making Home Afrika sells land, houses to clear loan

Sacco ReviewJuly 3, 2024July 3, 202405 mins

Home Afrika, a real estate company listed on the stock exchange, is selling some of its assets, including houses and land, in order to repay an outstanding loan of KSh79 million from I&M Bank. Home Afrika intends to sell six housing units from its Mitini Scapes Development, located along Kiambu Road and Lake View Heights in Kisumu. The purpose of this sale is to repay…