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IFC and FMO Partner With I&M Bank Ltd. to Support Small and Medium-Sized Businesses in Kenya

The loan will help smaller businesses across a range of sectors in Kenya access financing for working capital, expansion, and to weather the effects of COVID-19.

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Kenya: Remittances to Kenya Resist COVID-19

The increase in remittances comes despite the impact of the pandemic on wages and employment across the world.

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Kenya's Slum Vendors Rely On Savings Groups to Survive COVID-19

Faced with challenges, a growing number of vendors in Kenya's slums turned to credit unions and savings groups, which could provide loans without collateral, to boost their businesses.

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Central Bank of Kenya Releases New Data on the Importance of Remittances

Remittances in March 2021 amounted to $290.8 million, compared to $228.8 million in March 2020, an increase of 27.1 percent.

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IFC, SANAD, BIO, Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.

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Kenya's Co-op Bank Gets $75M for Lending to MSMEs

The bank’s chief executive Gideon Muriuki said the funds would be used to support businesses to better cope with the disruptions brought about by the COVID-19 pandemic.

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Kenya’s Mobile Money Use Hits Record High in October Amid COVID-19 Pandemic

Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data showed.

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O-CITY Enters Kenya to Drive Contactless Payments Across Matatu Bus Service

Up to 10,000 buses to become cashless with O-CITY's M-Pesa-based ticketing solution.

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Huawei Cooperates With Kenya Bankers Association To Expand Financial Inclusion

The Kenya Bankers Association will work with Huawei to spearhead industry-wide education in fintech innovation, digital transformation, and other ICT-related programs.

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COVID-19 Crisis Lifts Kenya's Mobile Money Usage to $4.2 Billion a Month

The huge surge is attributed to a government measure instituted to curb COVID-19 spread by encouraging the use of mobile money payments.