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Family bank rolls out exclusive women banking proposition to drive financial inclusion

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NAIROBI, Kenya Sep 25... Family bank has set aside 50 billion on program dubbed 'queen Banking' kitty for the next two years to cater for diverse individual and business needs of women to promote women's economic empowernment and deepen financial inclusion in the country The product is exclusive to businesses with at least 51 percent of shares controlled by women or 100 percent owned by women , businesses where women constitute of 30 percent of the board or more than 25 percent of senior management  " We are of the partnership we have fostered with family bank since 2015 and today's launch of their new women banking proposition is supported by our capacity development initiative under the affirmative finance action for women in Africa (AFAWA) program" African Guarantee fund Group CEO Jules Ngankam said Subsequently women can access up to KES 7 million secured and unsecured loans through Biashara boast , unsecured lending of up to 2.5 million , unse

GA Insurance unveils first comprehensive Electric vehicle insurance cover in Kenya

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         During the launch of Electric vehicles           comprehensive insurance cover  NAIROBI, Kenya Sep 23... As electric vehicles gain momentum in the country's automotive landscape , GA insurance Kenya has launched first ever comprehensive insurance cover tailored exclusively for electric vehicles (EVs) in Kenya  The growing adoption in the country has seen steady rise with remarkable 108 percent increase in Electric vehicle sales during 2022-2023 financial year  Battery cover, charging cable cover, cover for private charging station,  Out of charge recovery benefit, Autonomous driving cover, cyber attack coverage In-car entertainment unit and satellite Navigation systems cover are key features and benefits of GA ECO drive insurance cover  Mr.Sandip Bhadury , GA insurance Kenya limited CEO while speaking during the launch said that GA Eco drive cover is specialized insurance policy specifically targeted to cover unique risks faced by the e-mobility segment and bus

Ponty Pridd Holdings launches 'She delivers' program aimed at empowering Women join Transport and Logistics industry

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KBL Head of sales Nairobi, Joseph kagigite, CEO Ponty Pridd Holdings Anthony Wainaina,  PS Gender and affirmative action Veronica Nduva and HR Director ponty pridd holdings Stella Mputhia during the launch  NAIROBI, Kenya Sep 22... She delivers is an internship program aimed at bridging the gender gap in the industry as the program is set to train 80 women anually with 6 month internship program for 20 interns per cycle as they navigate their careers in the dynamic world of transport and logistics  CEO Ponty Pridd Holdings Anthony wainaina said that there is need to diversity for driving innovation and progress in the transport and logistics sector "She delivers, our women in transport and logistics program is a testament to our commitment to empowering women an we are excited to see the positive impact it will have on the industry" said Wainaina "Logistics industry has traditionally been regarded as 'no place for women' with women been under- represe

USAID Kuza calls for Capitalists to close funding gap in Northern Kenya

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Cabinet Secretary for East African community Arid and semi-arid lands and regional development Rebecca Miano speaking during the conference  NAIROBI, Kenya Sep 22... The one day conference hosted by USAID Kuza and partners themed "why Northern Kenya, why now? brought together public, private and development sector actors addressing the growing need to close the funding gap which hinders enterprise development in Northern Kenya  Over $14 million has been disbursed to over 9000 small and micro enterprises in the region through the impact of Northern Kenya Fund targeting various sectors including Agriculture, Livestock, energy, Climate and tourism Under the USAID Kuza project has seen creation of over 16, 500 jobs in the arid and semi arid counties of Garissa, Isiolo , lamu , Mandera, Marsabit , Samburu, Tana River,  Turkana, Wajir and West pokot  Cabinet secreatary for East African community Arid and Semi-arid lands regional development , Rebbeca miano while addresing th

Aspira and Hotpoint patners to unveil 'buy now, pay later' plan for Kenyan shoppers

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A photo of Allan Mwenda senior sales agent Aspira,  Irshadd muttur Aspira COO and Chrys Rhys Head of marketing Hotpoint NAIROBI, Kenya Sep 21... The new plan will see making high end products acessible to kenyans as shoppers can conviniently acquire home appliances and electronics on credit following a collaboration between Aspira and Hotpoint  Aspira's flexible payment plans range from 1 month to 6 month have been received by kenyan shoppers subsequently addition of 24-month plan allows consumers to spread the cost of their purchases over a more extended period alligning with the lifespan of many durable appliances  "Our vision is to make quality appliances and a comfortable lifestyle affordable and manageble for people in Kenya " said Mr.Irshad muttur, COO of Aspira  The Kenya buy now pay later 2023 report shows that BNPL payments industry in the country has recorded strong growth over the last 2 years due to increased  e-commerce penetration "Customers

SDG summit launches new phase of accelerated action on Sustainable Development Goals

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US president Joe Biden with UN secretary General Antonio Guterres at the Summit  NAIROBI, Kenya Sep 20... World leaders agree to urgently step up there efforts to deliver  the sustainable developement goals (SDG) as global roadmap out of crisis by 2030 Leaders adopted a decisive, action oriented  political declaration at the summit highlighting their collective commitment to build a sustainable, inclusive and prosperous world by 2030 with a strong focus on the means of implementation and in particular on financing on development  "I am deeply encouraged by the detailed and wide ranging draft political declaration under consideration here today especially its commitment to improving developing countries acess to the fuel required to SDG progress" stated UN secretary general Antonio Guterres In addition over 100 countries will present national committments to SDG transformation and areas of investments setting national benchmarks for reducing poverty and inequalitie

Media council of Kenya condemns attack on journalists

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        A photo of Media council of Kenya               CEO David omwoyo at a past event NAIROBI, Kenya Sep 19... Media Council of Kenya strongly condemn attack on journalists who were covering a security operation at an illegal alcohol brewing den in Matungulu machakos county Mike Ndunda from Kamba TV, Richard muasya from Athiani FM and Boniface mutisya of Mutongoi TV had been invited to cover the raid of conducted by katine are chief Francis mulinge and were attacked while recording the operation  "We wish to remind members of the public that freedom of the press is a fundamental pillar of a democratic society an journalist play a crucial role in keeping the public informed by highlighting societal evils" reads a statement  In addition media council of Kenya added that attacks on journalists not only vialote basic human rights but also undermine principles of free speech and open discourse that are vital for a healthy society  "We urge our law enforcement