Tag "Global Entrepreneurship Summit"

Barclays unveils Sh30bn credit line for SMEs

Small and medium enterprises would soon have easier access to credit as more banks pledge financing commitments to the business segment. Barclays Bank of Kenya has stepped in with a Sh30 billion loans commitment to SMEs. Barclays Managing Director Jeremy Awori said the bank would continue to support the sector as part of its plan to help in accelerating economic growth and providing market-specific products. “Given that this sector contributes

Sh10mn prize for best renewable energy idea

Kenyan entrepreneurs in renewable energy sector have a chance to win grants of up to Sh10 million each following the launch of the third round of the Off-Grid Energy Challenge. The competition, which is part of Power Africa is aimed at spurring ideas that are meant to double access to electricity in sub-Saharan Africa, where at least 600 million people are estimated to lack basic access to electricity. The competition

Banks, NSE, and others plan to close early today Friday

Several banks will close their doors at noon on Friday ahead of President Barack Obama’s arrival to attend the Global Entrepreneurship Summit (GES). CFC Stanbic Bank and Imperial Bank will only open till noon while Standard Chartered Bank has told its clients it will close its Warwick and Westlands branches on Saturday but all other branches will remain open. Kenya Commercial Bank (KCB) has not released official confirmation, however staff

US security personnel take over at Kasarani

American security officers have taken over at the Safaricom Indoor Arena at Kasarani, Nairobi, where President Barack Obama will give a public address on Sunday. The US security personnel, flanked by a few of their Kenyan colleagues, yesterday inspected the venue within the Moi International Sports Centre, Kasarani. Mr Obama will give the speech a day after opening the Global Entrepreneurship Summit at the UN headquarters in Gigiri, Nairobi. So

Secret Service and FBI agents secure airport for Obama

American security agents have secured sections of Jomo Kenyatta International Airport in Nairobi in preparation for next week’s historic visit of President Barack Obama. The US President, whose father was Kenyan, will arrive in Nairobi on Friday to attend the Global Entrepreneurship Summit that ends on Sunday. He will be the first serving American leader to visit Kenya. On Friday, Mr Eric Kiraithe, the head of security at the Kenya Airports Authority,

Obama to announce key initiatives in Kenya, Robinson Githae says

President Barack Obama is set to announce major new agreements with Kenya, the country’s ambassador to the United States, Robinson Githae, said on Thursday. The agreements are on military assistance, trade and investment and other subjects, Mr Githae said. He, however, declined to provide details of the initiatives to be unveiled by Mr Obama during his visit next week. Mr Githae said it was up to the White House to

Nairobi county govt earmarks 40-acre land in Ruai to relocate street families

The county government of Nairobi has set aside 40 acres of land in Ruai where it intends to settle street families living in the city centre. Nairobi Governor Evans Kidero said he was working with the national government to relocate the families and build for them a rehabilitation centre, a school and vocational training institution. “Currently an Inter-ministerial committee is working on the plan to ensure that there is support

Street families to be moved from Nairobi CBD ahead of Obama visit

Street families will be pushed out of Nairobi city centre ahead of US President Barack Obama visit for the Global Entrepreneurship Summit. Nairobi County Environment Chief Officer Leah Oyake on Wednesday said the county was “clearing up all these areas before the summit kicks off.” The move is expected to improve security and attract investors. Street families, which have taken over some parts of the city, have been blamed for