Fuliza ya Biashara will apply when making transactions from a Lipa Na M-PESA Business Till to other Till Numbers and PayBill Numbers, when sending money to an individual, and when withdrawing to the nominated number or at an Agent. The service will advance an overdraft of upto Kshs 400,000 with a 24 hour interest-free period. [c]
The HELB mini app on MPESA will enable the beneficiaries to access their HELB upkeep, withdraw funds, repay loans, apply for subsequent loans, view their loan status and access their statements all from an Android and iPhone app. [c]
Community groups and associations play an important role in providing various essential services and protecting the interests of the collective. They also facilitate accountability and self governance that enables communities to function as effectively as possible. Moni is pioneering a community finance model that builds on the importance of this form of group responsibility in African communities to improve access to essential financial services for small business owners across the continent. [c]
Bank also targets net zero carbon emissions in seven years, to grow 10 million trees by the same time. [c]
Ramani, the Africa-based software company building a cloud network of micro-distribution centres for the continent’s $1 trillion consumer-packaged goods supply chain, has announced the close of its $32million series A round of equity and debt. [c]
KCB Bank has screened loans worth over Kshs 336 billion for social and environmental risks while increasing its green portfolio in the past two years, bolstering its push for sustainable finance. The Bank has also [c]
The current global economic crisis has led to a sharp increase in food prices and is a stark reminder of the importance of increasing our food production capacity and reducing reliance on global supply chains [c]
Safaricom, NCBA and KCB Bank Kenya have announced a restructuring of the Fuliza overdraft facility in a move that will see customers transacting on Fuliza access the overdraft facility at a free daily maintenance fee [c]
The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP. What’s more, according to the International Labour Organization, retail and wholesale is the second biggest employer across the region after agriculture. However, [c]
KCB Bank Kenya has set aside at last Kshs 800 million to support thousands of Micro, Small and Medium Enterprises (MSMEs) and cooperatives in Nakuru County to help them weather the effects of the COVID-19 [c]
There are few people who are ready to make major purchases with their own assets alone. That is perfectly normal since that is what loans are for, aren’t they? However, what if you have tried [c]
Asilimia, a startup that is building the digital infrastructure to connect African MSMEs to the formal financial economy, has secured $2 million to grow its team, deliver new services and expand into new markets in [c]
Absa Bank Kenya has partnered with Pan African impact investment platform – Melanin Kapital – to launch an investor readiness program that places startups driving social impact on the path to accessing up to Kshs [c]
Vodacom Financial Services has announced its latest lending product, VodaLend | Business Cash Advance, which provides finance to smaller unregistered businesses in need of quick access to short-term cash advances. Offering finance between R3,000 (about [c]
Safaricom has partnered with the Higher Education Loans Board (HELB) to roll out a smart mobile payment solution for students of tertiary institutions to access and utilise their loans and bursaries. The solution will aid [c]
SG NewTech, a Kenya–based tech services company and subsidiary of Software Group, has won an award for ‘Best in MEA’ at Finastra’s Global Hackathon for its latest project, Banking4U, designed to provide quick and easy access to bank [c]
Copyright 2023 | aptantech