Tag: bank loans
This week, shares for Mumias Sugar Company Limited were halted from trading at the Nairobi Securities Exchange following the appointment of a receiver manager by KCB Bank mainly due to the default in loans the bank provided to the firm. To digest this and much more, Caleb Mugendi, Assistant Manager of Public Markets at Cytonn Investments joins CNBC Africa.
Research out of Viffa Consult in Nairobi has revealed that women entrepreneurs who lack formal education tend depend more on mobile credit, investment clubs, friends and relatives for funding as opposed to bank loans and personal savings which are more widely used by their educated counterparts, but with government and the banking sector focusing on more financial inclusion, what can be done to tip the scale? Victor Otieno, MD of Viffa Consult joins CNBC Africa for more.