Search Results for: SMEs
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News
Safaricom partners with tappi to digitize Kenyan MSMEs
Kenyan digital commerce startup tappi has partnered with Safaricom’s M-PESA to digitize 650,000 business users across Kenya. According to a…
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BUSINESS
Equity Bank commits to support SMEs to scale regionally
Equity Bank Group has committed to partnering with Small and Medium Enterprises (SMEs) to scale up business beyond their current…
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News
Eunice Kinyanjui: We Need More Digital and Innovative Financial Solutions for MSMEs Beyond Credit
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Kenya’s economy, contributing significantly to innovation and economic growth. According…
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News
KRA and KNCCI Collaborate to Enhance Tax Compliance for MSMEs
Kenya Revenue Authority (KRA) will now collaborate with the Kenya National Chamber of Commerce and Industry (KNCCI) to sensitize Micro,…
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Startups
Mastercard Foundation launches agribusiness challenge for SMEs in Africa
The Mastercard Foundation Fund for Resilience and Prosperity has launched an Agribusiness Challenge Fund targeting SMEs across 20 countries in…
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BUSINESS
Glovo partners with Visa to support SMEs
Glovo has teamed with digital payments leader, Visa, to empower small-to-medium enterprises (SMEs) through a series of online training courses.…
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BUSINESS
Safaricom Unveils “Grow With Safaricom Business” Platform For MSMEs
Safaricom has launched the “Grow with Safaricom Business” engagement platform for Micro, Small and Medium Enterprises (MSMEs). The platform, according…
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BUSINESS
Branch and Solv partner to extend loans to Kenyan MSMEs
Branch MFB has entered into a strategic partnership with Solv Kenya to extend loans, business development support and market linkages…
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News
Absa Bank commits Ksh.100 billion to support MSMEs in Kenya
Absa Bank Kenya has announced a KES100 billion funding commitment to spur the development of Micro, Small and Medium Enterprises…
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BUSINESS
Kenyan SMEs ditching mobile money payments to avoid taxation
Government’s increased taxation is forcing small businesses in Kenya to ditch mobile money payments in favour of cash. According to…
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News
Microsoft and M-PESA Africa partner to develop digital skills for MSMEs
Microsoft is partnering with M-PESA Africa to support its Capability Development Academy. Microsoft will provide access to the Microsoft Community…
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News
Kenya-based Kua Ventures invests over $1 Million in local SMEs
Kua Ventures, an impact investment firm based in Kenya has invested more than $1 million (Ksh. 145 million) in SMEs…
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News
Kenyan fintech Boya launches Virtual Visa cards for SMEs
Boya, the Kenyan fintech firm on Tuesday launched its virtual Visa expense card targeting local businesses. The card was launched…
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BUSINESS
Pesapal and Sokohela Launch Credit Product for SMEs in Kenya
Digital payments company Pesapal has partnered with Sokohela, a digital credit provider to launch a new credit product for small…
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BUSINESS
Boost for SMEs as Pesapal Introduces Real-Time Settlement of Payments in Kenya
Pesapal has introduced real-time settlement for merchants in Kenya, enabling fast transfer of funds into their accounts. Through Pesapal’s e-wallet…
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News
Players need to make connectivity available and affordable for SMEs, Liquid
Last week, the world marked World Telecommunication and Information Society Day, a day observed annually to mark the signing of…
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News
Zuri Health Launches digital outpatient service for SMEs
Zuri Health, the Kenyan health-tech has launched a new digital outpatient service designed specifically for small and medium-sized enterprises (SMEs).…
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News
[Nigeria] Fintech startup OnePipe raises $4.8m to reach more SMEs
Nigerian fintech startup, OnePipe, has secured $4.8 million in debt funding from TLG Capital to drive the company’s inventory finance…
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News
Empowering African SMEs: Cladfy’s innovative approach to accessing capital
Sub-Saharan Africa is currently home to 44 million micro, small, and medium-sized enterprises (SMEs). All of which serve as a…
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BUSINESS
Workstyle Africa and SNDBX target African SMEs with new workspaces
Serviced office space provider, Workstyle Africa, has partnered with SNDBX International to open five one-stop-shop entrepreneurship centers and workspaces in…
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News
$200 million fund launched to support African SMEs
The Mastercard Foundation Africa Growth Fund (MFAGF) has launched a $200 million funding initiative for small and medium-sized enterprises in…
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News
Digital insurer mTek has inked a deal with Britam to insure SMEs
Insurance startup mTek which offers its services through digital platforms and eliminates paperwork has inked a deal with Britam to…
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News
DTB launches a special account for women-owned SMEs
Diamond Trust Bank (DTB) has launched a unique account for women running Small and Medium Enterprises. Dubbed Zawadi, the account…
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News
StanChart’s Solv Kenya Launches Credit Platform for Kenyan MSMEs
Solv Kenya, a B2B platform owned by Standard Chartered bank has officially launched in Kenya, aiming to make an impact…
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BUSINESS
Sendy and Meta to offer free digital skills training to SMEs in Kenya and Nigeria
Sendy, the Kenyan logistics startup has partnered with Meta through the Innovation Growth Hub (IGHub) to offer free training for…
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News
Twiva partners with Caroline Mutoko for MSMEs training
Caroline Mutoko and influencer-powered social commerce platform Twiva have partnered to highlight and train Kenyan Micro, Small, and Medium Enterprises…
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Interviews
[Interview] Lean data practices can help mitigate risks for Kenyan SMEs, says Mozilla’s Noémie Hailu
Three weeks ago, Mozilla unveiled a Lean Data Practices (LDP)course for SMEs and startups in Kenya to increase their awareness…
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News
ESTHER KAMAU: Digital Transformation and How It Influences Scalability for MSMEs
Digital transformation has shaped the diversity of MSMEs who account for at least 40% of Kenya’s GDP. MSMEs in Kenya…
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News
Software Developer Zoho has launched a discounted app package for Kenyan SMEs
Global software and systems developer Zoho has today launched a heavily discounted business management system for Kenyan SMEs. The Zoho…
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News
Kenyan Online Accounting firm Odibooks Launches Management platform for SMEs.
Kenyan fintech startup Odibooks has launched a management and accounting platform that SMEs can use to automate their processes. Odibook…
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News
Bulk SMS provider Vaspro is celebrating MSMEs in Kenya with a Special Offer
Did you know that Micro-Small and Medium-sized Enterprises (MSMEs) make up over 90% of all firms and accounts, on average…
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News
46% of SMEs in EEMEA earning more money than before the pandemic, Mastercard report
Data from Mastercard’s 2022 Borderless Payments Report has revealed two in five (46%) small and medium-sized businesses (SMEs) in Eastern…
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News
Pezesha Africa partners with Autochek to provide Asset Financing to local SMEs
Automotive technology company Autochek has partnered with Pezesha Africa to enable SMEs in Kenya to access asset financing. Pezesha offers…
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News
WhatsApp launches campaign to profile SMEs from across Africa
WhatsApp has announced the launch of the WhatsAppreneurs campaign, profiling small entrepreneurs from Africa who are using the WhatsApp Business…
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News
Google to offer e-commerce training to 1000 SMEs in Kenya
Google has partnered with Coursera to develop an online course for Small and Medium-sized businesses (SMEs) in Kenya. Coursera is…
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News
Mozilla launches course on data privacy and protection for SMEs and Startups in Kenya
Mozilla has today unveiled a course for SMEs and startups in Kenya to increase their awareness and capabilities on the…
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News
Sendy partners with Google to empower MSMEs in Kenya and Nigeria.
Sendy has entered into a new partnership with Google to empower small and medium businesses in Kenya, South Africa and…
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News
ESTHER KAMAU: Why MSMEs Must Embrace Technology To Remain Competitive
Micro, Small and Medium-sized Enterprises (MSMEs) ought to consider ‘Social Commerce’ as part of their performing business model if their…
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INSURANCE
Health-tech platform M-Tiba and Jubilee partner to provide health insurance for SMEs
Safaricom-owned mobile health platform M-TIBA and Jubilee Health Insurance have announced a new partnership to provide health insurance to SMEs.…
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News
Google launches Hustle Academy for SMEs and Entrepreneurs across Africa
Tech giant Google has today announced the launch of a new academy to offer free training to small and medium…
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BUSINESS
IFC Extends Financing to Guaranty Trust Bank to support SMEs in Kenya
IFC has extended a loan to Guaranty Trust Bank (Kenya) Ltd, a subsidiary of the Guaranty Trust Group, for on-lending…
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News
Sidian Bank and FMO sign a Ksh.1.7 billion facility for MSMEs financing in Kenya
Dutch entrepreneurial development bank FMO and Sidian Bank have signed a Ksh.1.7 billion NASIRA loan portfolio guarantee to provide financing…
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News
Equity Acquires Ksh.18.6 Billion loan from IFC for Onward Lending to SMEs in Kenya
Equity Group has acquired a Ksh 18.6 billion loan from the International Finance Corporation (IFC) to help it increase working…
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BUSINESS
Ecobank partners with insurance companies to offer bancassurance to SMEs across Africa
Ecobank Group’s Commercial Banking business has partnered with a number of insurance companies to offer a range of Bancassurance solutions…
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BUSINESS
Over 21,000 SMEs and individuals have so far benefited from Stanbic Bank Kenya’s Accelerate Program
Over 21,000 SMEs and individuals have so far benefited from Stanbic Bank Kenya’s Accelerate Program. This is is according to…
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News
Microsoft announces Teams Essentials, a standalone version of Teams for SMEs
Microsoft has announced the launch of Teams Essentials, the first-ever stand-alone offering of Microsoft Teams specifically designed for small-midsize businesses…
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BUSINESS
Mastercard and Meta join forces to support digitization of SMEs in MEA
Mastercard is collaborating with Meta to support the digitization and growth of SMEs across the MEA region. The two plan…
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BUSINESS
DTB and Crown Motors sign SMEs vehicle financing deal
Diamond Trust Bank (DTB) has today announced a new partnership with Crown Motors Group, the official distributor of the Nissan…
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News
Meta launches a WhatsApp chatbot for SMEs in Africa
Meta has announced the launch of a new WhatsApp chatbot to help SMEs across Africa learn how to grow their…
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News
Kaspersky launches dedicated ‘low budget’ security hub for SMEs across META
Kaspersky has unveiled a free platform with tips and tricks for small businesses to help them quickly improve their organization’s…
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BUSINESS
Mastercard and Zambian fintech firm Digital PayGo launch merchant mobile payments solution for SMEs
Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch a new merchant mobile payments solution for SMEs in…
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News
78% of SMEs in region’s retail sector are optimistic about the next 12 months, Mastercard
Although different sectors were exposed to and impacted in diverging ways to the extensive changes of the COVID-19 pandemic, SMEs…
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News
[Rwanda] IFC, CMA and Central Bank partner to boost access to long-term finance for SMEs
To support the development of Rwanda’s capital markets, IFC, the National Bank of Rwanda and the country’s Capital Markets Authority…
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BUSINESS
IFC, FMO partner with I&M Bank to support SMEs in Kenya
IFC and FMO, the Dutch entrepreneurial development bank, have announced a $50 million loan facility to the I&M Bank to…
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CYBER SECURITY
Brandon Rochat: What SMEs need to know about Ransomware attacks
Ransomware attacks are on the rise and malicious cybercriminals are always fine-tuning their strategies. Business leaders need to realise that…
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News
Health SMEs in Africa to benefit from a digital finance fund
Medical Credit Fund (MCF), a non-profit fund exclusively dedicated to financing small and medium-sized healthcare companies in Africa, celebrated its…
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BUSINESS
AGF issues $5m Loan Portfolio Guarantee to Sidian Bank to boost SMEs financing in Kenya
The African Guarantee Fund (AGF), has issued a Loan Portfolio Guarantee to Sidian Bank to boost financing of the SME…
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BUSINESS
Most Kenyan MSMEs Operating Within ICT, Agricultural Sectors, Survey
ICT and Agriculture are the leading host sectors for Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya, the 2021 MSMEs…
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BUSINESS
KEPSA and Zydii launch free digital courses for MSMEs
The Kenya Private Sector Alliance (KEPSA), and Zydii Limited have announced a partnership to provide free digital training to Micro,…
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News
Future Ni Digital Initiative aims to equip local MSMEs owners with digital skills
Microsoft recently unveiled a new initiative to prepare Kenyan small businesses to adapt to the new normal. Dubbed Future Ni…
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BUSINESS
SMEs feeling economic pinch turn to innovative tech platforms to save cash
More than a year into the Covid-19 pandemic and South Africa ’s SMEs remain under enormous pressure and are increasingly…
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BUSINESS
NCBA and KAM partner to support local manufacturing SMEs
NCBA Bank Kenya PLC has today partnered with the Kenya Association of Manufacturers (KAM), to enhance the development of Manufacturing…
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News
[Africa Cloud Review] Simon Ngunjiri: Cloud adoption is the future of African SMEs
In our previous Africa Cloud Review report, we highlighted how cloud adoption is no longer merely an option but a necessity that…
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BUSINESS
Newly signed Equity SME guarantees to benefit more women owned SMEs
A bulk of the recently signed SME guarantees by Equity Bank totaling Kshs 52.25 Billion will go towards supporting women-owned…
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Startups
Ajua and MTN Nigeria launch Customer Management mobile app for SMEs
Kenyan based customer experience startup Ajua has partnered with MTN Nigeria to launch EnGauge, a digital eCommerce customer engagement management…
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BUSINESS
Equity Signs Kshs 11 Billion Credit Facility with European Development Banks to Support local MSMEs
Equity Group has signed a Kshs 11 Billion loan facility with Team Europe, Germany’s DEG, the Netherlands FMO and the…
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BUSINESS
Faulu Bank to lend Ksh.3 billion to local SMEs
Faulu Microfinance Bank plans to lend up to Ksh.3 billion to local micro, small and medium enterprises (SMEs) to help…
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BUSINESS
Mastercard, Unilever and KCB Bank to provide a $150k recovery package to Kenyan MSMEs
To extend support towards COVID-19 economic recovery, Mastercard, Unilever and KCB Bank have pooled resources to provide Micro, small and…
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News
Equity Announces a $100 Partnership With Proparco to Support 240 Local MSMEs
Equity Group has announced a $100 partnership with Proparco, a French Development Finance Institution to support Micro, Small, and Medium…
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BUSINESS
East African SMEs accelerate their growth with cloud deployments
SMEs in the East African region are using digital transformation initiatives to increase their competitiveness and ensure they are set…
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BUSINESS
The business challenges of SMEs during this COVID-19 pandemic
The COVID-19 pandemic has not only taken a toll on the health sector; it has now become an economic crisis…
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BUSINESS
Equity Bank Receives $50 Million Loan from IFC to support Kenyan SMEs affected by COVID-19
IFC has announced a $50 million loan to Equity Bank Kenya to support local SMEs especially those facing COVID-19 related…
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BUSINESS
Kenya Association of Manufacturers is piloting a Circular Economy programme with SMEs in Ruaraka
The Kenya Association of Manufacturers (KAM) is piloting a Circular Economy programme for local SMEs with Denmark in Ruaraka, Nairobi.…
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BUSINESS
Zoho launches Bigin, a CRM solution for SMEs priced at Ksh.560
Zoho, a software-as-a-service (SaaS) firm has today launched Bigin, a pipeline-centric CRM software designed specifically for small and micro business owners.…
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BUSINESS
Ngao Credit: How SMEs can benefit from Our Jijenge loan product
The coronavirus pandemic is hitting the global economy hard. While it is hard to exactly tell the extent the damage…
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Startups
African Guarantee Fund receives $33M financing to support African SMEs
Africa’s leading Guarantee Institution, African Guarantee Fund (AGF) has received an additional USD 33M financing from German lender KfW Development…
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Startups
4G Capital Raises $4million Funding For Onward Lending To MSMEs in Kenya And Uganda
4G Capital has announced the completion of its second round of fundraising. The investment was secured by a $2m debt…
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BUSINESS
More local SMEs need to start selling online, says Jumia Kenya MD Sam Chappatte
Kenya has for a long time been ranked among the African countries that are dominating the e-commerce sales. E-commerce has…
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BUSINESS
WorldRemit launches new product for SMEs payments to Kenya
Kenyan entrepreneurs and contractors selling goods and services to small and medium-sized enterprises (SMEs) in the U.K. can now receive…
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BUSINESS
Bizna Kenya’s 2019 SMEs Awards nominees announced
Bizna Kenya has today announced the nominees for the upcoming inaugural SMEs Awards with several businesses contending for top honours…
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Startups
World Bank allocates US$200 Million to support SMEs in Egypt
The World Bank has approved the allocation of $200 million to support SMEs in Egypt. The fund will focus on…
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BUSINESS
SMEs at risk of digital exclusion, says ICAEW
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that smaller businesses could be excluded from world…
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Startups
CDC announces new investment to support high-growth SMEs in Nigeria
CDC, the UK’s development finance institution, has announced a new investment designed to support high-growth SMEs in Nigeria. CDC has…
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COLUMNS
The Opportunity Cost of Doing Business for SMEs in Africa
The African economy has gathered momentum over the years, with an estimated increase of 3.8% of the real output growth…
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News
World Bank Injects Ksh.5 Billion To Support Kenyan SMEs
In a major development, the World Bank has today announced that it has injected Ksh. 5 billion to support Kenya’s Small…
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CYBER SECURITY
SMEs Should Partner with Cyber Security Specialists to Prevent Loss of Billions
Imagine waking up one beautiful Monday only to realize that your website has been hacked. Your online accounts, your most…
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BUSINESS
African SMEs Set to Benefit from USD 74M Guarantee
The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has today entered into a re- guarantee transaction with GuarantCo…
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BUSINESS
Jumia launches loan program for SMEs
Jumia has launched a new lending program targeting small and medium-sized business enterprises (SMEs) across the country. The loan program…
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BUSINESS
New technologies Boosting SMEs Profits in Kenya
A couple of weeks ago, a friend sent me a very interesting article on Kenya’s paradigm shift in technology. The…
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News
Infographic: The Benefits of Enterprise Resource Planning (ERP) for SMEs
There’s never been any doubt about how much almost any business can benefit from an ERP (Enterprise Resource Planning) system…
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News
Sage launches a cloud payroll solution targeted for start-ups and SMEs
Sage, the market, and technology leader for integrated accounting, payroll & HR, and payment systems, has launched – Sage One…
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BUSINESS
Kenyan SMEs leverage e-commerce to compete with the big boys
80% of the products on online retailer platform Jumia are from accredited small businesses (SMEs), the company has revealed. This…
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BUSINESS
SimbaNET tailors products to fit the Kenyan SMEs market
For a while now Kenya’s SME market has grown to become more dynamic through huge amounts of innovation and entrepreneurial…
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News
Lowering Infrastructure Costs Key To Boosting Financial Inclusion In Africa
Musa lives in a bustling city in Nigeria. He uses his smartphone daily to make payments, send money to relatives,…
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News
AI in Fintech Market to reach USD 70.1 billion by 2033
The fintech industry worldwide is witnessing unprecedented growth, driven by the integration of Artificial Intelligence (AI). According to market forecasts,…
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News
Microsoft Launches AI Skilling Initiative In Kenya
Microsoft has announced the launch of a new skilling initiative in Kenya aimed at training 1 million people in AI…
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News
Calla PR launches digital marketplace to for African businesses
Calla PR, a leading strategic communications agency, has launched Calla Precision, a digital marketplace designed to connect businesses to their…
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News
Anthony Hutia: Samsung’s Strategic Partnerships Driving AI and Tech Growth in Kenya
Samsung is making significant strides in the Kenyan market, by establishing innovative partnerships that are integrating artificial intelligence (AI) and…
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CYBER SECURITY
Safaricom Urges For Investment in Advanced Cybersecurity Tech
In recognition of Cybersecurity Awareness Month, Kenya’s leading telco Safaricom is hosting a two-day industry-wide Cybersecurity Summit in Nairobi Kenya.…
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News
Visa, USAID Big Plan to Drive Inclusive Digital Government Systems
Multinational payment card services corporation, Visa, has announced a joint partnership with the United States Agency for International Development (USAID)…
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BUSINESS
NCBA ‘No Monthly Fees’ Eliminates Monthly Account Charges for Businesses
The “No Monthly Fees” campaign by NCBA Bank Kenya is an important step in helping ease the financial strain on…
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