Small businesses often face numerous challenges when securing financing for growth and operational needs. Traditional lending practices often demand extensive collateral and rigid criteria, making it difficult for small businesses to access the required capital. Unsecured loans provide a unique flexibility level often lacking in traditional financing options. Small businesses can obtain these loans without having to pledge assets or provide collateral. This accessibility levels the playing field, allowing entrepreneurs with limited resources or new ventures to access much-needed capital. Unlike traditional loan applications that involve extensive paperwork and lengthy approval processes, unsecured loans offer a streamlined and expedited process.…
Author: Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Land is a highly sought-after commodity that requires thorough due diligence to ensure that it is legally acquired and the purchaser obtains a valid title. Owning land in Kenya is said to be one of the safest investment decisions one can make. The land ownership process can be very easy as long as proper verification of documents and due diligence is conducted. Aside from due diligence, one of the critical steps in obtaining land legally is conveyancing, which is the process of transferring property from one legal owner to another. The following documents are required during the land purchase process:…
Former Treasury Principal Secretary Kamau Thugge has officially taken over as the tenth Governor of the Central Bank of Kenya. He succeeds Dr Patrick Njoroge whose second four-year term ended in June. “The Central Bank of Kenya (CBK) welcomes Dr. Kamau Thugge E.B.S., M.B.S., C.B.S., as its tenth Governor. This follows his appointment by His Excellency President William Samoei Ruto, PhD., C.G.H. Dr. Thugge has taken office today (Monday),” CBK said in a statement. Thugge will be deputised by Susan Koech, a banker and formerly the principal secretary for tourism and wildlife. Dr. Thugge has had a long and distinguished…
Annually on June 16th, South Africa commemorates the thousands of young activists who marched in 1976 to protest the quality of their education. Tragically, hundreds of them were shot dead for demanding their right to learn. Does today’s generation of children have a reason to feel similar anger at the state of their education? Certainly, young people have been taking to the streets to protest futures jeopardised by climate change and antiquated job markets. We like to think that ‘development’ is linear, and that the right to education is assured as fundamental. But in truth, decades of progress have been…
I&M Bank Rwanda has named Mr Benjamin Mutimura as the new Chief Executive Officer (CEO), effective 1st July 2023. Benjamin was previously the Chief Commercial Officer (CCO) at Bank of Kigali from June 2020 and has been serving as a board member of Bank of Kigali, Capital. The current CEO, Mr Robin Bairstow, will step down and transition into a new assignment within the Group. Robin Bairstow has led the lender for over seven years which saw him take the Bank public in 2017. Benjamin started his career at I&M Bank Rwanda in 2007 as a Development Finance Officer and…
The 6th edition of the Kuza Awards went down filled with pomp and colour, attracting stakeholders across the entertainment and broadcasting industry. The Kuza Awards is an initiative of the Communications Authority of Kenya that recognizes excellence while celebrating the strides made in the sector over time. This year’s theme was anchored on “Shaping the Future of Broadcasting: Towards a Creative Economy,” coming at a time when there is a heated debate on the role the creative industry plays in the Kenyan economy. Kenyans overwhelmingly voted for Citizen TV as the best TV station in Kenya together with Ramogi TV,…