Category Archives: Women Funding

Funding Youth & Women Enterprises In Kenya

Today, it became news that the government would no longer extends funds to youth and women programs. So far, the government has distributed more than Kshs 10 billion (~$10 million) to youths and Kshs 7 billion (~$70 million) to women.

Chase Bank Youth & Women FundsThe ending was not really new as a previous report released by the Central Bank of Kenya in 2015 noted that “the intention was not for the Government to lend, but to create an incentive for banks to engage with SMEs”.  Chase Bank Youth and Women Funds

Looking at financial results of two banks that had bond issues in 2015, and for which they released detailed information memorandums (IM’s), these show the flat or declining status of the youth and women fund programs. Both Chase, and Family, banks were intermediaries in the incentives by the Youth Enterprise Fund and the Women Enterprise Fund to advance funds to the respective target groups.

Family Bank Youth & Women Funds

That does not mean that the Kenya government has stopped supporting entrepreneurs in the sectors, as there’s now the Access to Government Procurement Opportunities (AGPO) initiative under which the government aims to allow 30% procurement contracts to be given to the youth, women and persons with disability without competition from established firms.

Opportunities on the horizon

Yesterday, for about an hour, Mt. Kenya was clearly visible from Nairobi, high in the horizon with its snow peaks. It’s occasionally visible, usually early in the morning and it was a sight to see until some clouds moved in.

looked like this
Anyway, also on the horizon is:

Cheap Flights:
East African Safari Air has introduced a buy one, get one free ticket to Mombasa up to December 12.

also Coldtusker & Kenya Airways were correct about Kisumu – today EASA has also canceled flights to Kisumu citing the poor state of the runway

VIA Uganda has introduced one way fares of $69 from Nairobi to Entebbe starting on Monday.

Hotel revival :
At the Coast new hotels are springing up to capture the increasing number of tourists and visitors at the coast. Sarova are adding a hotel at the South Coast, Neptune may add two facilities more while 2007 could also see a return of Intercontinental hotels to the Kenya coast.

Marital lawyers:
Yesterday also had a nice chat with a group at which it was unanimously agreed that, in light of the Samuel Gichuru divorce & property fight, there is a growth market for lawyers who specialize in divorce cases, investigators to trace assets, and lawyers to draft creative prenuptial agreements.

Green cards: Just over a week left in the US 2008 diversity visa lottery as applications must be submitted online by Sunday December 3.

Women directors at state corporations of the Republic of Kenya: Following President Kibaki’s recent directive that 30% of the posts in public service be allocated to women, the government has now invited qualified Kenyan women invited to submit their CV’s to join the boards of state corporations – they must be university graduates with proven track records in senior management experience and be individuals of high integrity. Submit CV’s to the Secretary, state corporation advisory committee, Office of president, P O Box 62345-00200 or KICC 9th floor Nairobi.

Other Jobs

East African breweries:
– Head of human resources – EABL Kenya demand
– Human resource manager – EABL Kenya supply
Apply to hr.recruitment@eabl.com by 8/12

Country sales representative (Tanzania) at Haco. Apply to jobs@haco.co.ke by 1/12

Head of marketing at Housing Finance. Apply to human.reosurces@housing.co.ke by 4/12

Project administrator at ICRAF (world Agroforestry centre)/CIMMYT. Apply to icrafhru@cgiar.com by 8/12

ICT strategy consultants at Kenya airports authority. Apply through Hawkins.associates@khigroup.com

Kenya commercial bank (Tanzania)
– Head of corporate banking
– Head of retail banking
Apply to the divisional director HR KCB 48400-00100 by 30/11

Public relations officer at Pan Africa Insurance. Apply to hr@pan-africa.com by 29/11

Safaricom careers: senior manager reporting, optimization engineer, senior optimization engineer, senior CRM systems developer, credit controller, senior manager – organization development & change management.

Tiomin :
– Chief accountant
– Internal auditor
– Human resource officer
apply to apply@tiomingkenya.com by 30/11

But
There’s more madness from the City Council of Nairobi whose strong-arm tactics continue to frighten businesses out of downtown Nairobi. From knocking over restaurant sidewalk flower pots even as they plant their own at roundabouts, to charging exorbitant amounts for businesses to put up signboards (i.e. advertising) or any promotion. Yesterday Kenya airways staff were handing out flyers promoting the “2,500 to Mombasa fares” and they all bore “city council planning department/urban design/development section” stamps at the back – I wonder how much that cost or how long it took someone to rubber stamp each flyer.

Now, barely a month we laughed at the mayor’s ludicrous suggestion to double parking charges (i.e. 70 shillings in the morning 70 in afternoon), the council has informed motorists that from December 1, parking off-street will cost 100 shillings per entry – previously it was 100 per day. Also the new fee applies to motorists who bought and paid for quarterly monthly permits. So, in addition the almost 4,000 shillings they paid in October, they will have to fork over another 500 per week.

Women to save the world economy?

The Economist argues that women are now the most powerful engine of global growth!

  1. The future of the world economy lies increasingly in female hands
  2. In rich countries, girls now do better at school than boys, and well over half of all university degrees are now being awarded to women.
  3. Almost everywhere, more women are employed and the percentage of men with jobs has fallen. In the emerging East Asian economies, for every 100 men in the labour force there are now 83 women, higher even than the average in OECD countries.
  4. Since 1970 women have filled two new jobs for every one taken by a man.
  5. Women make perhaps 80% of consumers’ buying decisions—from health care and homes to furniture and food.
  6. In years to come better-educated women will take more of the top jobs
  7. Researchers have also concluded that women make better investors than men
  8. In poor countries too, the under-utilisation of women stunts economic growth.
  9. There is strong evidence that educating girls boosts prosperity.
  10. Countries with high female labour participation rates, such as Sweden, tend to have higher fertility rates than Germany, Italy and Japan, where fewer women work.

Woman of the Year

Eve Magazine has put an advert out for their Woman of the Year award and has invited the public to submit names of women of distinction for consideration. In 2005, it appears that it will be a slam-dunk for Wangari Maathai. However, I beg to differ. Wangari was awarded in recognition of her lifetime of work fighting for the environment. But as an MP and Minister, she has not much done recently. She should have been honoured with the Nobel Prize in the early to mid-nineties when she single-handedly saved Uhuru Park and later saved Karura Forest from destruction. Awarding her then would have been much more significant, and energized the Nation the way it did for Myanmar (Burma) in 1991 when Aung San Suu Kyi was awarded for her non-violent struggle for democracy and human rights. In 2004 awarding Wangari appears to be an afterthought.

For sheer courage in the last year, Njeeri Wa Ngugi must be considered – for bringing her husband back from exile, and for her strength after their journey took a horrifying turn. She went public with her story, against all advice that she remain silent, and later identified her attackers and returned from America to testify and pursue a case against them.

But my nominee is Gladwell Otieno of Transparency International. At a time when members of the civic society have been co-opted into government and become willing participants in the NARC, she single-handedly came out and shamed the dozen government anti-graft bodies with her singular crusade against corruption, while counter-checking all moves to silence her. The government has recognized the futility of fighting a woman, and has therefore picked women to battle her – PS Dorothy Angote and First Lady Lucy Kibaki. You can e-mail your suggestions to Eve magazine.