microfinance businesses Stories

New law prohibits lenders from using threats on borowers during loan recovery
Lucy Mumbi  |  Jan 06, 2025

The new provisions aim to curb exploitative practices in the microfinance sector, offering enhanced safeguards for borrowers and guarantors.

Eastleigh's business sector sees remarkable growth in 2024 with multiple entrants
Abdirahman Khalif  |  Jan 01, 2025

The regional business hub saw developments in banking, retail, hospitality, and real estate.

How Eastleigh businesses remained resilient in the face of Gen Z protests
Abdirahman Khalif  |  Dec 31, 2024

In the subsequent demonstrations, Eastleigh’s business community continued to focus on recovery, hoping for stability in the months ahead.

Eastleigh Business Community members attend launch of Somalia’s $3.5 billion project
Hassan Mohamed  |  Dec 20, 2024

Eastleigh Business Community Chairman Ahmed Abdullahi Yare led the delegation of 27 Kenyan businesspeople to the launch.

Reformed warriors in Turkana receive Sh2.5 million to support business start-ups
Issa Hussein  |  Nov 16, 2024

The training aims to support their business ventures and promote peace at grassroots levels.

Businesses record decline in sales in Q2 - survey
Alfred Onyango  |  Jul 30, 2024

In terms of sectors, clothing/apparel stores, restaurant/bars & leisure outlets, and retail stores all saw improvements in the period under review.

How Covid-19 pandemic turned into a blessing in disguise for a graduate
Waweru Wairimu  |  Jun 26, 2024

A reduction in the number of customers saw Pauline spend most of her daytime idle, forcing her to find a hobby in cake baking to keep herself busy.

Tarmacking of Eastleigh's Eighth Street a welcome boost for businesses
Abdirahman Khalif  |  Jun 22, 2024

The repairs have improved the face of the area, making it a magnet for both small and large business owners and leading to a noticeable increase in ec...

African firms trailing in use of digital tech for business growth - IFC study
Bashir Mohammed  |  May 19, 2024

Several ongoing challenges hinder the full adoption of digital technologies, among them the high cost of equipment in Sub-Saharan Africa.

Uganda in talks with China's Sinohydro over power line to South Sudan
Reuters  |  May 14, 2024

The project will involve the construction of a 138-km (85.75 miles) high-voltage transmission line to take power to South Sudan, the expansion of two...

Ugandan businesses reopen after four-day tax protest
AFP  |  Apr 20, 2024

Shops and other businesses are protesting against high interest rates, taxes, and a new levy on imported clothing.

Concerns mount in Eastleigh over 'disruptive police raids'
Yunis Dekow  |  Feb 13, 2024

Eastleigh Business District Association Secretary Omar Ahmed condemned the raid and called for government intervention.

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