Business
Kenyan Business – Embark on an insightful journey into the ever-evolving world of global business with TrendBlend’s Business Category. As Kenya’s premier Media House, TrendBlend not only offers real-time updates and comprehensive analyses but also serves as an unparalleled advertising platform for businesses.
Transitioning seamlessly from groundbreaking innovations to corporate strategies, TrendBlend ensures that you stay well-informed in the dynamic realm of business. Whether you’re an entrepreneur, investor, or industry enthusiast, TrendBlend’s Business Category provides the knowledge needed to adeptly navigate the complexities of the global business arena.
In a media landscape where staying ahead is paramount, TrendBlend emerges as a beacon of accurate and timely business information. With our finger on the pulse of global business trends, we empower our audience to make informed decisions, fostering success in their endeavors.
The Business Category at TrendBlend stands as a testament to our commitment to delivering high-quality content that matters. From market trends to technological breakthroughs, we curate content that resonates with businesses of all scales. Our dedication to accuracy and relevance ensures that each piece of information adds significant value to our audience.
In the fast-paced world of business, staying informed is not just an advantage; it’s a necessity. TrendBlend’s Business Category acts as your strategic partner, offering insights that go beyond the surface. We delve into the intricacies of various industries, providing in-depth analyses that uncover opportunities and threats.
Additionally, Trust TrendBlend to be your ally in exploring the future of business and advertising. Our platform serves as a catalyst for businesses to amplify their visibility, making us the unrivaled choice for staying connected with the pulse of the business world in Kenya and beyond. Embrace the power of information with TrendBlend’s Business Category – where every update propels you toward success. Business in kenya
Government Agencies to Air TV & Radio Adverts Only on KBC
Government Agencies to Air TV & Radio Adverts Only on KBC – In a significant move, the Kenyan government issued a directive mandating all government agencies, independent commissions, and public universities to exclusively broadcast their TV and radio advertisements through the state-owned broadcaster, Kenya Broadcasting Corporation (KBC). Prof. Edward Kisiang’ani, the Principal Secretary in the State Department of Broadcasting and Telecommunications, announced the directive with the objective of revitalizing and transforming the fortunes of KBC. The directive, aligned with a Treasury circular from July 10, 2015, seeks to centralize public sector advertising, streamlining the process through KBC. Prof. Kisiangani emphasized that the move aims to ensure prompt payment for advertising services, preventing delayed payments to media houses. The circular addressed to all Ministries outlines that KBC will exclusively handle electronic advertisements from National Government entities, Independent Commissions, and Public Universities, authorized by the Government Advertising Agency (GM). Strategically, the directive not only supports the struggling state broadcaster but also aligns with the government’s broader policy of reviving public sector entities. Additionally, Prof. Kisiang’ani highlighted the importance of preventing any skewing of public-private partnerships against public sector institutions. The Proactive Approach The government’s proactive approach aims to leverage its institutions for effective communication, especially in reaching target audiences through campaigns and statutory announcements. The circular is a crucial step towards optimizing government resources and ensuring the revival of ailing public sector entities. Emphasizes Moving forward, the government emphasizes the need for these strategies to be implemented with a focus on aligning with broader policies, thereby fostering a symbiotic relationship between the public sector and its institutions. The directive not only seeks to streamline advertising processes but also underscores the government’s commitment to the revival and effective utilization of its entities. In conclusion, this directive signifies a strategic move by the government to bolster its communication channels and support state-owned entities. Lastly, by exclusively partnering with KBC for electronic advertising, the government aims to streamline processes, revitalize institutions, and ensure effective communication with the public. Government Agencies to Air TV & Radio Adverts Only on KBC Contact Us: Website: – Click HereWhatsApp | Call: +254 743 149 267 | + 254 738 352 258Email Address: info@beseenlimited.com | sales@beseenlimited.comFollow our IG: @TrendBlendHubKe
Go Promotions – Leading Gift and Promotional Item Shop in Kenya.
In the heart of Nairobi, along Kilome Rd, Go Promotions stands tall as the leading provider of gift and promotional items in Kenya. Specializing in a diverse range of products, including Notebooks, Diaries, Pens, Cups, Thermal Bottles, and an array of other gifts, Go Promotion caters to individuals, companies, and institutions alike. Customer Satisfaction At the core of Go Promotion’s success is its commitment to excellence and customer satisfaction. With a team of dedicated professionals, the company seamlessly serves both the public and private sectors, offering top-notch customer care and unparalleled after-sale services. What sets Go Promotions apart is not just the extensive product range but also the quality that accompanies each item. Clients consistently attest to the superior quality of products, making Go Promotion a trusted name in the industry. The competitive prices further enhance the appeal, ensuring that customers receive value for their investment. Branding Services Go Promotions takes pride in being more than just a product supplier. The company goes a step further by offering personalized branding services. Clients have the opportunity to add a distinctive touch to their purchases through services like Engraving, UV Printing, Heat Press, and more. This customization option allows individuals and businesses to align promotional items with their unique branding needs. One of the key highlights of Go Promotion’s offerings is the ease of accessibility. Whether you are an individual looking for a thoughtful gift or a company seeking bulk promotional items, the process is streamlined. The company’s comprehensive catalogue showcases a wide array of products, providing a convenient reference for customers to explore. Contact Go Promotions To further simplify the ordering process, Go Promotions encourages potential clients to contact them directly. The dedicated hotline, +254 722 532617, serves as a direct line for inquiries, orders, and assistance. The customer-centric approach ensures that every client receives personalized attention, making their experience seamless and enjoyable. In conclusion, Go Promotions emerges as the go-to destination for premium promotional items in Kenya. With a commitment to quality, a diverse product range, and personalized branding services, the company stands as a reliable partner for individuals and businesses aiming to make a lasting impression. Elevate your brand with Go Promotions – where excellence meets promotional innovation. Contact Us: Website: – Click HereWhatsApp | Call: +254 743 149 267 | + 254 738 352 258Email Address: info@beseenlimited.com | sales@beseenlimited.comFollow our IG: @TrendBlendHubKe
51 Digital Lenders Licenced To Operate In Kenya
Digital Lenders Licenced To Operate In Kenya – The Central Bank of Kenya (CBK) has granted approval to an additional 19 digital credit companies, bringing the total licensed providers in the country to 51. This expansion follows a thorough review of 480 applications received since March 2022 by CBK and other regulators, including the Office of the Data Protection Commissioner. CBK Highlighted In a statement released on Wednesday, CBK highlighted the focus of their engagements, addressing business models, consumer protection, and the suitability of proposed shareholders, directors, and management. The accreditation process is part of regulations introduced in the previous year to eliminate rogue players in the rapidly growing industry and regulate the use of consumer data by lenders. Various applicants are at different stages in the accreditation process, with many awaiting the submission of required documentation. The move comes in response to concerns such as some companies contacting the family and friends of customers who defaulted on payments or failed to pay on time. Fraud Concerns Additionally, complaints about certain lenders imposing high-interest rates against the provisions of the Digital Credit Providers Regulations of 2022 prompted the regulatory measures. In December, CBK Governor Kamau Thugge informed parliament about an ongoing probe into over 400 digital credit companies over fraud concerns. Here is the comprehensive list of accredited digital lenders in Kenya Anjoy CreditAsante FS East AfricaAutochekAzura CreditCeres TechChapeo CapitalChime CapitalColkos EnterprisesCreditarea CapitalDecimal CapitalDexintec KenyaEDOMXExtend Money ServicesFactorhouseFezotech KenyaFortune CreditFourth Generation CapitalGetcash CapitalGiando AfricaInventure MobileJijenge CreditJumo KenyaKweli Smart SolutionsLetshego KenyaLipa LaterLittle PesaLobelitec CreditMaralal LedgerMarble Capital SolutionsMKM CapitalMFS TechnologiesM-KopaMwanzo CreditMycreditMyWagepayNatal TechNgao CreditOkolea InternationalPezesha AfricaPi CapitalRewot CiroRisine CreditSenti CapitalSevi InnovationSokohelaTenakata EnterprisesUbaPesaUmoja FanisiZanifuZenkaZillions CreditThis move represents a significant step in enhancing the regulatory framework and ensuring responsible practices within Kenya’s digital credit sector. Contact Us: Website: – Click HereWhatsApp | Call: +254 743 149 267 | + 254 738 352 258Email Address: info@beseenlimited.com | sales@beseenlimited.comFollow our IG: @TrendBlendHubKe
The Co-operative Bank Named Winner in kenya Banking Survey
Co-Operative Bank Named Winner – The Co-operative Bank of Kenya has once again clinched the top spot as the Overall Winner in the Banking Industry Customer Satisfaction Survey conducted by the Kenya Bankers’ Association (KBA). This marks the second consecutive win for Co-op Bank, securing victory in the Tier One Bank Category and the overall title for 2022. The comprehensive survey, encompassing over 30,000 customers nationwide, highlights the bank’s commitment to delivering a superior customer experience. In tandem, Family Bank earned recognition as the best tier two bank, with Sidian Bank emerging victorious in the tier three bank category. Co-operative Bank Managing Director Co-op Bank’s Group Managing Director & CEO, Dr Gideon Muriuki, expressed their dedication to enhancing customer satisfaction through substantial investments in teams, tools, and technologies. This commitment underscores the pivotal role that customer experience plays in the bank’s strategic vision. Initiated in 2018, the annual Banking Industry Customer Satisfaction Survey serves as a catalyst for efforts led by the KBA to elevate customer experience standards within the banking sector. Co-op Bank’s consistent success in this survey signals its ability to meet and exceed customer expectations, affirming its position as an industry leader. The Banking Survey Notably, the survey shed light on evolving trends in customer banking habits. Over 60% of bank customers in Kenya were found to hold more than one bank account in 2023. Among the 30,000 respondents, 62.6% acknowledged having multiple accounts, with 53.2% managing two or more and 8.2% holding between four to five accounts. Respondents with more than six accounts constituted a minor 1.2%. The survey also highlighted the growing preference for mobile banking channels, reaching nearly 70% in 2023, up from 67.8% in the previous year. This surge in mobile banking adoption underscores the transformative impact of digitalization on customer interactions. KBA CEO, Habil Olaka Habil Olaka, CEO of KBA, emphasized the importance of sustained investments in the digital space. Factors such as increased internet penetration and the availability of affordable, quality gadgets contribute to the success of digital banking channels. Rita Mureithi, Customer Experience Manager at Sidian Bank, highlighted the effectiveness of digital channels in reaching customers quickly. However, she emphasized the continued value of physical branches, affirming their ongoing role in the banking landscape. In conclusion, the Banking Industry Customer Satisfaction Survey not only celebrates Co-operative Bank’s continued success but also provides valuable insights into shifting customer behaviors and preferences. The evolving landscape of banking requires institutions to navigate the delicate balance between digital innovations and maintaining the relevance of physical branches. Co-op Bank’s triumph reflects its ability to navigate this dynamic landscape while prioritizing customer satisfaction. Contact Us Website: – Click HereWhatsApp | Call: +254 743 149 267 | + 254 738 352 258Email Address: info@beseenlimited.com | sales@beseenlimited.comFollow our IG: @TrendBlendHubKe
Auditor General Nancy Gathungu Flags Inflated Government Expenditure Concerns
Auditor General Nancy Gathungu – The recent report from the Office of the Auditor General has exposed questionable financial practices surrounding the construction of stadia in Kenya. One notable case is Wang’uru Stadium in Mwea, Kirinyaga County, where taxpayers incurred a cost of Ksh.696 million, only for an additional Ksh.76.5 million to surge. Auditor General Nancy Gathangu flagged this irregularity, raising concerns about transparency and the value for money in public projects. Wang’uru Stadium The Wang’uru Stadium situation exemplifies a recurring issue – an inability to confirm the regularity and value for money in significant public expenditures. The project’s management is breaching the law, leaving taxpayers questioning the accountability of their contributions to such developments. Kirigiti Stadium Similarly, scrutiny faced Kirigiti Stadium in Kiambu County, with the total cost of Ksh.1 billion ballooning by Ksh.148 million. This alarming 25% increase lacked proper documentation and approval, raising questions about the procurement process and the legality of the adjustments. The management’s breach of the law and the stalling of Phase 2 due to non-payment further compound concerns over the mismanagement of public funds. The Jamhuri Posta grounds in Nairobi County present another unsettling case, where taxpayers reportedly lost Ksh.57 million in a Ksh.1.1 billion project. The audit report reveals accusations of direct procurement contrary to the law, surpassing engineer valuations. Moreover, incomplete work, the absence of electricity installation, and missing floodlights add layers of suspicion to the entire venture. Kisumu Kenyatta Showground Upgrade In Kisumu, the Jomo Kenyatta Showground upgrade, costing the treasury Ksh.350 million, came under the Auditor General’s scrutiny. The inspection unearthed missing metal covers and widespread vandalism, indicating a stark lack of oversight and security measures. More disconcertingly, the stadium wasn’t handed over to the government, raising questions about accountability and the role of the Kisumu County government. These revelations not only highlight financial irregularities but also underscore systemic issues in project management and oversight. The lack of adherence to procurement laws, undocumented cost escalations, and incomplete projects demonstrate a dire need for a comprehensive review of public project procedures. Transparency & Accountability Additionally, moving forward, stringent measures and increased transparency are imperative to restore public confidence. Stakeholders, including government bodies, contractors, and auditors, must collaborate to enforce accountability and adherence to legal frameworks. Moreover, citizens deserve clear communication on the steps taken to address these irregularities and prevent their recurrence. In conclusion, the Auditor General’s report on stadium construction projects is a wake-up call for enhanced governance and fiscal responsibility. Addressing these issues head-on is not only crucial for restoring public trust but also for ensuring that taxpayer money is utilized efficiently for the benefit of the community. The path to accountability begins with acknowledging the shortcomings revealed by the audit and taking decisive action to rectify them. Contact Us: Website: – Click HereWhatsApp | Call: +254 743 149 267 | + 254 738 352 258Email Address: info@beseenlimited.com | sales@beseenlimited.comFollow our IG: @TrendBlendHubKe
KRA eTIMS Lite Guide
KRA eTIMS Lite – The Kenya Revenue Authority (KRA) recently announced a significant transformation in invoicing practices across businesses, including those in the Informal Sector and Small Businesses. According to the directive, all enterprises must now electronically generate and transmit their invoices to KRA through the electronic Tax Invoice Management System (eTIMS). The eTIMS Lite platform, a user-friendly solution designed for non-VAT registered taxpayers, facilitates the electronic generation and transmission of invoices to KRA. Accessible through various channels, including the eCitizen platforms and a USSD option by dialing *222#, as well as a web-based solution at ecitizen.kra.go.ke, the initiative aims to simplify compliance processes, especially for small-scale entrepreneurs. KRA Emphasized In a statement released on Monday, KRA emphasized the universal applicability of electronic invoicing, regardless of a business’s size or sector. KRA expects businesses to use eTIMS to bring about transparency, reduce instances of tax evasion, and enhance overall efficiency in tax collection processes. A spokesperson for KRA said, “We are committed to supporting taxpayers and ensuring compliance with tax regulations. Through initiatives like eTIMS Lite and our ongoing engagement with stakeholders, we aim to facilitate a smooth transition to electronic invoicing while providing tailored support to meet the diverse needs of businesses in Kenya.” The KRA eTIMS Lite The introduction of eTIMS Lite aligns with KRA’s dedication to embracing digital solutions for improved governance and accountability. The move is also part of a broader strategy to enhance the ease of doing business and foster a business-friendly environment in Kenya. In addition to the rollout of eTIMS Lite, KRA has extended an invitation to taxpayers and representative bodies encountering challenges with compliance to engage with the authority for further assistance. As part of their commitment to innovation, KRA has introduced the concept of reverse invoicing, allowing sellers to authorize buyers to issue invoices on their behalf, offering a more flexible approach to invoice management. Introduction In conclusion, the implementation of eTIMS Lite represents a significant step towards modernizing tax processes and ensuring a level playing field for businesses of all sizes in Kenya. As the nation embraces digital transformation, initiatives like these are pivotal in driving economic growth, fostering compliance, and bolstering the integrity of the taxation system. Businesses are encouraged to adapt promptly to this new invoicing system, taking advantage of the support and resources provided by KRA to ensure a seamless transition. Contact Us: Website: – Click HereWhatsApp | Call: +254 743 149 267 | + 254 738 352 258Email Address: info@beseenlimited.com | sales@beseenlimited.comFollow our IG: @TrendBlendHubKe