IFC announces Sh500m loan to Equity Bank to support Kenyan SMEs during COVID-19

International Finance Corporation(IFC), a member of the World Bank Group, has announced a Sh500 million loan to Equity Bank Kenya to help it increase working capital and trade-related lending to its small and medium-sized enterprise (SME) clients, especially those facing COVID-19 related challenges. The loan, which will ultimately support hundreds of Kenyan businesses in the manufacturing, health, trade, transport, and consumer goods sectors, is part of IFC’s global $8 billion fast-track COVID-19 facility, announced in March and designed to help businesses maintain operations and jobs during—and after— the COVID-19 crisis.…

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President Kenyatta challenges African leaders to tap into young people

President Uhuru Kenyatta has challenged his African counterparts to tap into the innovative abilities of the continent’s youth as they roll out Covid-19 mitigation and recovery strategies. The President said the youth are Africa’s biggest resource adding that young people’s creative minds and immense energy can be utilized to boost Coronavirus response measures. “I also wish to reiterate that the biggest resource at our disposal is our own people and especially the youth. “Indeed, we need to harness the digital revolution and innovation witnessed during this pandemic as a catalyst…

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How Kenya-Tanzania border closure will affect Nakuru Traders

Nakuru traders are likely to feel the pinch of the ongoing cold diplomatic and border wars between Kenyan and her neighbor Tanzania With the border closed and Kenyan truck drivers barred from entering Tanzania, traders within Nakuru county who rely on supplies from Tanzania will have to look for an option. James Mwangi, a cereal seller based at Bargain market in Nakuru says that most cereals traders in the town buy their supplies from Tanzania due to the availability and affordability. He observes that now with the border closed to…

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Pineapple prices shoot up in SA as homemade pineapple beer picks up

The cost of pineapples in South Africa has gone high with as much as 900%. The rise has been occasioned by many residents who are buying the pineapples to brew beer at home. The nationwide thirst in South Africa follows orders by the South African Government to close down social places in a bid to deal with coronavirus. Bars have been closed since March 2020 following orders by President Cyril Ramaphosa. And true to the maxim that necessity is the mother of invention, residents have now turned to pineapples to…

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“Please Call Me” inventor wants 5 billion dollars compensation

As a Kenyan, you must have used or received the “Please Call Me” service made popular by Telecoms giant Safaricom. The “Please Call Me” service has been used in the country since September 2009 saving many a situation. Before being introduced in Kenya, the idea was initially used in South Africa, first on trial basis, then in a full-blown way after it became overly successful. However, the man who invented the idea, Kenneth Nkosana Makate, says that Vodacom owes him billions of shillings. Before going to court demanding payment Makate used to…

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Interesting facts about Cuba’s Fidel Castro

Fidel Castro, former president of Cuba was an enigma. He could possibly be the longest serving president before he handed over power to his brother Raul in 2008. Here are some interesting facts about him Fidel was born in August 13 1926. His dad was a wealthy sugarcane farmer but his mother was an unmarried domestic worker in his father’s house. Fidel ruled Cuba for a record 49 years from 1959 when he overthrew Dictator Fulgencio Batista up to 2008 when he handed over power to his brother Raul Castro.…

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