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HomeDaily NewsFriday, July 4, 2025Economic Trends and Business Initiatives
Business & Economy3 stories from 1 sources

Economic Trends and Business Initiatives

Minet establishes office in Eldoret to target SME sector, Co-op Bank collaborates with KTDA to empower 260,000 tea farmers, and EABL appoints Andrew Kilonzo as new KBL MD.

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Friday 5:43 PMCapital Business

Minet targets Eldoret’s booming SME sector with new office

Minet targets Eldoret’s booming SME sector with new office

Minet, a leading risk management and insurance advisory firm, has opened a new office in Eldoret to support the town's growing small and medium-sized enterprise (SME) sector.

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Key Highlights

Minet, a leading risk management and insurance advisory firm, has opened a new office in Eldoret to support the town's growing small and medium-sized enterprise (SME) sector.

  • 44,000 registered businesses in Eldoret, with 25,000 actively operating, mostly micro enterprises.
  • Sammy Muthui, CEO of Minet, emphasizes their commitment to becoming long-term advisors for SMEs.
  • The new branch will provide tailored solutions, including health cover and a Business All-Risk policy specifically designed for SMEs.
Friday 1:18 PMCapital BusinessFirst

EABL taps Andrew Kilonzo as new KBL MD

EABL taps Andrew Kilonzo as new KBL MD

East African Breweries Limited (EABL) has appointed Andrew Kilonzo as the new Managing Director of Kenya Breweries Limited (KBL), beginning September 30, 2025, replacing Mark Ocitti.

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Key Highlights

East African Breweries Limited (EABL) has appointed Andrew Kilonzo as the new Managing Director of Kenya Breweries Limited (KBL), beginning September 30, 2025, replacing Mark Ocitti.

  • Andrew Kilonzo previously served as the MD for Uganda Breweries Limited (UBL).
  • Yvonne Mwangi will also transition back to the Nairobi office as Commercial Director, Kenya, starting October 1, 2025.
  • EABL’s leadership changes aim to enhance growth and market share in the region, as stated by Jane Karuku, Group Managing Director.
Friday 4:00 PMCapital Business

Co-op Bank, KTDA to empower over 260,000 tea farmers

Co-op Bank, KTDA to empower over 260,000 tea farmers

The Co-operative Bank of Kenya has partnered with the Kenya Tea Development Agency (KTDA) to empower over 260,000 smallholder tea farmers with new financial opportunities.

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Key Highlights

The Co-operative Bank of Kenya has partnered with the Kenya Tea Development Agency (KTDA) to empower over 260,000 smallholder tea farmers with new financial opportunities.

  • Partnership aims to provide up to Sh1.2 billion in accessible short-term loans.
  • Dr. Gideon Muriuki, Co-operative Bank Group MD, emphasizes the bank's long history of supporting the tea sector.
  • The initiative allows farmers to access instant loans ranging from Sh100 to Sh20,000 via mobile phones, removing the need for paperwork.
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