SACCOs vs Bank Loans: Which is Better for Business Financing?
When it comes to business financing in Kenya, entrepreneurs often face a tough choice: Should they seek funding from SACCOs or opt for bank loans? Both financing options come with their own sets of advantages and limitations, and the right choice depends on your business model, stage of growth, and financial readiness. Here’s a closer […]
Loan Apps in Kenya with Over 1 Million Downloads on Google Play Store
Kenya’s digital lending market has seen significant growth, with mobile loan apps becoming a popular financial solution for many. Several loan apps have surpassed the 1 million download mark on Google Play Store, providing quick and convenient credit access to users. The loan apps in Kenya with over 1 million downloads on Google Play Store […]
How to Make Money with the CRDB Samia Infrastructure Bond
CRDB Bank introduced the Samia Infrastructure Bond in December last year, a major step towards providing sustainable funding for projects managed by the Tanzania Rural and Urban Roads Agency (TARURA). The Samia Infrastructure bond is designed to accelerate the construction and rehabilitation of roads nationwide by reducing delays caused by budgetary constraints, ensuring TARURA’s projects […]
Best Banks to Save Money With in Kenya
Saving money is a crucial step toward financial stability, and choosing the right bank can make a significant difference in how much your savings grow. 1. Absa Bank Kenya Absa Bank Kenya takes the top spot for savers with its highly competitive Absa Digital Savings Account, offering an impressive 9% annual interest rate. This account […]
Access Bank Unveils Mandarin Feature on AccessMore App
Access Bank Plc has introduced a Mandarin-language feature on its AccessMore app, enhancing digital banking services for Chinese businesses and expatriates in Nigeria. The groundbreaking initiative was launched during the 2025 Economic Outlook dialogue in Lagos, aimed at fostering stronger financial and trade connectivity between the two nations. This development comes as bilateral trade between […]
I&M Bank Launches “I&M Milele Rewards,” Kenya’s Best Card Loyalty Program
I&M Bank has launched I&M Milele Rewards, a loyalty program developed in collaboration with Mastercard. This new program builds upon the success of the bank’s previous card loyalty initiative, which has rewarded debit and credit cardholders over the past three years with cashback incentives for Point-of-Sale (POS) and e-commerce transactions. I&M Milele Rewards offers rewards […]
Should You Invest Ksh 1 Million in a Money Market Fund or a SACCO?
When it comes to financial investments in Kenya, two popular options are drawing attention from investors: Money Market Funds (MMFs) and Savings and Credit Cooperative Organizations (SACCOs). Both offer appealing returns, but which is better for an investor looking to maximize dividends on a Ksh 1 million investment?. Should You Invest Ksh 1 Million in […]