The developed world will attest to the fact that their economic growth and creation of employment opportunities has mainly been dependent on the small and medium enterprises (SMEs) sector. As is evident in the first world, SMEs have what it takes to serve as the main cog in any economic growth…
Finally, the bank interest rates are being regulated. A nice word to mean the government has put a cap (ceiling) on the maximum that the banks can charge on a loan. President Uhuru Kenyatta signed it into law the Banking (Amendment) Bill, 2015 in August. There was opposition to the law, the obvious frontrunners in the crusade being the banks which have been making supernormal profits.
A while back, banks had pledged to regulate themselves. It didn’t work. Interest rates continued being high. Central Bank of Kenya (CBK) was also not enthusiastic on the new law. The regulator preferred market forces to regulate the interest rates.…
Jamii Bora Bank Limited (JBBL), a fast growing SME focused bank, has received a Sh600 million equity [ ... ]
The Capital Markets Authority (CMA) has received recognition for being the Most Innovative Capital M [ ... ]
Kenya is facing serious unemployment and underemployment challenges. According to the 2017 Human Dev [ ... ]
One of the biggest mistakes we business people make is executing the plan/do model. We plan, and the [ ... ]