Kenya Power Launches New Meter System
A Kenya power officer reading a meter
File
Kenya Power launched a new meter system that was unveiled by the company’s Managing Director Bernard Ngugi’s during a tour of Kisumu County.
Users of the new smart devices will enjoy buying electricity at discounted rates, even as the price of electricity rises.
The project targets to benefit 55,000 customers in the small and medium enterprises sector across the country.
Kenya Power MD Bernard Ngugi and Rai Cement Ltd Group Finance Controller Rakesh Kumar hold a discussion during a tour of Rai Cement in Muhoroni town, Kisumu County
Techpreneur carves out niche in SMS services
Thursday January 21 2021
By BONFACE OTIENO
Summary
Sam Mutuura set up a technology firm, Cross Gate Solutions (CGS) in 2013 to fill a gap he says he identified while working in the communications arena.
Armed with Sh5 million from his savings and family contributions, Mr Mutuura established the firm that designs, develops and interfaces SMS-based services.
Some of the local clients include Kingdom Bank formerly Jamii Bora Bank, and Metropol Credit Reference Bureau and Karen Hospital.
Sam Mutuura set up a technology firm, Cross Gate Solutions (CGS) in 2013 to fill a gap he says he identified while working in the communications arena.
THE STANDARD By
Esther Dianah |
December 28th 2020 at 15:26:17 GMT +0300
KNCCI President Fred Ngatia (PHOTO: Wilberforce Okwiri)
It has been a turbulent year for biashara due to Covid-19.
ESTHER DIANAH spoke to the Kenya National Chamber of Commerce and Industry (KNCCI) President on, among others, how the Chamber is cushioning jua kali and mama mboga.
As President of KNCCI, what steps are you taking to help small businesses thrive despite the Covid-19 crisis?
We have established a strategic partnership with MasterCard Foundation to support Micro, Small and Medium-Sized Enterprises (MSMEs) with working capital and liquidity through credit facilities and grants. So far, we have reached 40 counties and disbursed over Sh150 million. We are also working with Equity Bank to support SMEs on a post-Covid-19 recovery pact to ensure business continuity and sustainability through training and access to credit. So far, we have trained 24,000 businesses.
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Digital lenders call for laws that will grow sector
Thursday December 17 2020
Kenyans turn to the digital micro-loans mainly for short-term working capital owing to their convenience. FILE PHOTO | NMG
By KEVIN ROTICH
Digital lenders have asked the Central Bank of Kenya (CBK) and legislators to enact laws that will spur the growth of the sector.
This comes in the wake of the Central Bank of Kenya (Amendment) Bill, 2020 that seeks to curb high digital lending rates. The bill, which is yet to be approved by Parliament, will equip CBK with powers to increase digital lending rates and other loan charges as well as put a ceiling on non-performing loans at not more than twice the defaulted credit.