04Dec 2024 by @iBizAfrica No Comments
What Entrepreneurs Should Know About Kenya’s New Banking Reforms

What Entrepreneurs Should Know About Kenya’s New Banking Reforms

Entrepreneurship
Let’s face it: entrepreneurship in Kenya is not for the faint-hearted. The hustle is real. Navigating unpredictable markets and chasing down payments is part of the daily grind for entrepreneurs. Now, just as we are catching our breath, here comes another curveball: proposed banking reforms that could shake up the financial landscape. The big question is, what do these changes mean for you—the entrepreneur who is out here grinding every day? Let us break it down and see how you can stay ahead of the game. The Core Capital Proposal: What is Changing? The government wants to raise the minimum core capital for banks from Ksh. 1 billion to Ksh. 10 billion over the next three years. Minimum core capital refers to the amount of money banks are required to…
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31Oct 2024 by @iBizAfrica No Comments
Ballots and Business: How the U.S. Election Could Impact Kenyan Startups

Ballots and Business: How the U.S. Election Could Impact Kenyan Startups

Entrepreneurship, WEIP
As the U.S. presidential election draws global attention, it is crucial to understand how this major event could ripple through economies across the world, including here in Kenya. While the U.S. election might seem far removed from the daily operations of African startups, changes in U.S. policies—particularly regarding trade, foreign investment, and international development partnerships—can significantly shape the opportunities available to African businesses in the years to come. The U.S. is a key player in global markets, and its foreign policies often have far-reaching effects. For startups engaged in tech, agribusiness, renewable energy, or export-oriented sectors, shifts in leadership can influence access to capital, markets, and partnerships. In recent years, initiatives like Prosper Africa have fostered closer economic ties between the U.S. and Africa, aiming to increase trade and investment.…
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