Tala expands operations with Ksh 6.5 billion in financing

Tala, a leader in mobile-first financial services for underserved consumers, has announced a Ksh 6.5billion (US$65 million) in new investment to power the growth of its consumer lending app. Tala operates in Kenya, Tanzania, and the Philippines, where it has delivered credit to nearly 1.3 million customers and originated more than $300 million. The company

Diversity of profile investors and products proves to be beneficial to Britam Asset Managers

Britam Asset Managers is the Asset Management subsidiary of Britam Holdings PLC. The Company was incorporated in April 2004 and started operations in 2006 to fill a gap in quality Fund Management and Investment Advisory services to individual
and institutional investors. The Company is licensed as a Fund Manager by both the Capital Markets Authority (CMA)

IBIS STYLES LEADS WITH HIGHEST NUMBER OF PLANNED HOTELS

Ibis Styles has emerged as the front-runner for the number of planned hotels in Africa, knocking back Hilton and Radisson Blu which for years have been locked in a contest for first and second place. According to the annual Hotel Chain Development Pipeline Survey, from W Hospitality Group, Ibis Styles leads the top 10 brands

Industry experts outlook on Kenya’s marine insurance sector prospects

  During last year’s budget reading session, Treasury Cabinet Secretary, Henry Rotich announced that beginning January 2017, KRA will require importers to underwrite all marine insurance business only with locally registered insurers, in compliance with Section 20 CAP 287 of the amended Insurance Act. The Act states that no insurer, broker agent or other person

Facts about High Net Worth Individuals(HNWI’s) in Kenya

  Kenya has the 4th highest number of HNWIs in Africa after South Africa, Egypt and Nigeria. In 2015, there were approximately 8,300 HNWIs in Kenya, with a combined wealth of US$31 billion, accounting for roughly 62% of Kenya’s total individual wealth (US$50 billion). Kenyan HNWIs outperformed the worldwide HNWI average during the review period,

How Pierre Omidyar  founded ebay from a personal website

Sometimes, Aspiring entrepreneurs waste  of time searching endlessly for magic shortcuts to entrepreneurial success and fulfillment when the only real path is staring them right in the face: real entrepreneurs who start real businesses that employ real people who provide real products and services to real customers. In 1995, a computer programmer started auctioning off

Fine steps family enterprises should take to grow wealth

This article was published on the Business Daily newspaper on Friday 3rd March . Kenya’s wealth-management industry has been growing steadily over the last two decades. High Net-Worth Individuals, successful entrepreneurs, treasury managers and institutions with excess liquidity are turning to investment advisory firms for expert advice on how to preserve and grow their wealth

Generational wealth transfer and the need for wealth management in Africa

Whereas Africa is known for its struggles against poverty, a growing number of African entrepreneurs is successfully creating and acquiring wealth through enterprise and hard work. A large part of Africa’s current economic upsurge is driven by family businesses while over half of global GDP is created by family businesses.Some of the world’s wealthiest families

Challenges facing family businesses succession and the need for wealth management

Some 70 percent of family-owned businesses fail or are sold before the second generation gets a chance to take over, according to a 2012 Harvard Business School study. This is especially true in case of a family business. Family businesses often fail after succession due to : Lack of a capable heir Business owners often

Successful acquisition: Former Giro Commercial Bank branches now sporting I&M Bank branding

Local banking entity I&M Bank, has embarked on a rebranding exercise for all of the seven recently acquired Giro Commercial Bank Limited (GCBL) branches. The branches acquired by I&M Bank are now undergoing a full brand conversion, effectively pushing up the I&M Bank Kenya’s network to 43 branches countrywide. The recent successful acquisition of GCBL