Family bank has partnered with Performeter Agribusiness, a dairy farming investment advisory firm to provide agricultural credit of KSh1 billion loans to finance fodder production. The credit facility targets over 100,000 farmers in dairy cooperatives with the intention of land preparation, planting, weed control, harvesting, ensiling and baling. “This is why Family Bank in partnership with Performeter, an experienced player in the dairy sector, has set aside Ksh1 billion as financing to enable farmers to access working capital and other financial services to support the dairy value chain and unlock its growth potential to the entrepreneurial dairy farmers,” said Family…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The Endeavor Investment Network held its first workshop in Africa aimed at providing investors with access to high-impact entrepreneurs and key members of the business and venture ecosystems in emerging markets in the continent. The participants included local entrepreneurs from Kenya, Endeavor entrepreneurs, regional investors, and international investors including global investor network members such as TPG Rise Fund, Wamda Capital, and IFC Ventures. The speed-networking session allows for matching amongst entrepreneurs and investors together by geography, sector, and stage for 25-minute connections with the expected outcome being long term investment relationships between them. “This was an opportunity to showcase entrepreneurs…
Visa, the global leader in payments, has appointed Eva Ngigi-Sarwari as its new Country Manager for Kenya. Eva will serve as the Senior Business Development Leader and Country Manager for Kenya, reporting to Corine Mbiaketcha, Vice President and General Manager for Visa in East Africa and will be part of the East Africa Leadership team. Eva will be responsible for the development and implementation of our growth strategy in Kenya, Eva’s appointment is in line with Visa’s vision to continue to build a solid regional team by matching unique strengths and talents with critical business opportunities. “We are excited to…
Telecom operator Safaricom on Thursday said that it has consolidated its M-PESA services on the *334# menu targeting non-smartphone users in a single, easy to use on the current SIM toolkit menu. “We have embarked on a strategy to simplify our range of products and services for our customers and to provide them with an even better experience. M-PESA on *334# is our first solution as part of the ongoing strategy and it refines how our customers interact with the service,”said Peter Ndegwa, CEO, Safaricom. “Customers now have the opportunity to truly confirm the details of a transaction before it…
Equity Group Chief Executive Dr James Mwangi has been named the 2020 Oslo Business for Peace award winner alongside the co-founder of Coffee for Peace in the Philippines, Joji Felicitas Pantoja, and CEO of Salesforce, in the US, Marc Benioff. The award also described as the Nobel Prize for Business is conferred annually to individuals who exhibit ethically “businessworthy” initiatives that create economic and societal value. It is the highest business global distinction and the panel consists of past nobel prize winners in peace and economics. In citing the winners the Founder of the Oslo Business for Peace Award Per…
Co-operative Bank of Kenya on Tuesday said it has signed a five-year deal with agro-supplies firm Yara East Africa to boost services of its fertilizer distributors countrywide. The Ksh 500 million five-year scheme will enable Kenyan farmers to access to various Yara fertilizer brands aimed at boosting soil fertility and food production across the country. “It gives me great joy to announce that Yara will give a 3 percent discount to distributors making purchases under this Co-operative Bank Distributor Finance scheme to ensure our fertilizers are readily available and accessible to the farmers for planting and top-dressing purposes,” said Yara…