Unlocking Success: Strong Governance for Saccos & Microfinance
Lack of systems audits exposes Saccos to massive fraud losses. Saccos suffers significant losses due to a lack of persistent up-to-date systems audits, internal control, and poor diversification of their members’ funds. In May 2024, the Kenyan Daily Nation reported that management at KUSCCO, the umbrella body for Kenya Saccos, siphoned a staggering Sh580 million annually over 10 years. […]
Securing Your SME: Overcoming Cyber Challenges
Navigating cybersecurity can be daunting for small and medium-sized enterprises (SMEs), but there’s support available to ensure your business stays protected in the digital age. Running a small business in Kenya comes with its unique set of opportunities and obstacles, especially when it comes to cybersecurity. While you may not have the resources for a […]
Unlocking Opportunities with Digital Credit Provider (DCP) Licensing in Kenya
By Sharon Abong’o Kenya has long been a pioneer in mobile money, with the introduction of M-Pesa revolutionizing how people access and manage their finances. Building on this foundation, digital credit providers have stepped into the limelight, offering accessible and convenient financial services to a broad spectrum of Kenyan citizens. The regulatory landscape in Kenya […]