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Banks battle for clients in Nakuru County

21 March 2012, 12:37 Steve Wambugu

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Nakuru town that respite in the heart of great Rift vally is once again on the spotlight following another tremendous year in the world of business.

Three years ago, Nakuru town had only 18 functioning banks but two years down the line, the town  has seen that number grow tremendously up to 25 banks.

Chairperson for Nakuru business Association (NBA) Mr. Boniface Muhia attributed this growth to the overwhelming population that has continued to grow steadily, since the last post election violence that hit the country.
"Nakuru town for a very long time has been known as a town that cherishes agriculture and mainly maize farming but that has changed with time, the town now mainly deals with great investors who are coming in because of its great potential in terms of business investment” added Boniface. 

For the last one year, Nakuru town has witnessed new banks that have come to cater for the overwhelming population that is still unbanked and the new entries include; CFC Stanbic, Diamond Trust , Smep ,Consolidated Bank ,Faulu, Eco Bank and others that are, Bank of Baroda, Dubai Bank, Chase Bank and Commercial Bank.

Boniface said that,” Banks are always driven by great volume of business anywhere in the world and Nakuru is not different from any of those  big towns in the world and that’s why Banks are scrambling for this town because they know too well the great potential of business that is in this town.” 

Boniface believes investors will boost the economy once the county governance comes to place.

“Investors will be the backbone of Nakuru town, once the county governance comes in to place after the next general election and that will mean more money for the county “, Boniface said.

Nakuru town has not only excelled in one area, but more also in the sector of education where  Universities and Colleges have continued to open up their new sub branches from their main headquarters in Nairobi and other parts of the country, the main campuses that have opened new branches include; Jomo Kenyatta University, Methodist University, St Paul University, Mount Kenya University, Aviation and Step Up college among others.

“Education is always like a hidden treasure waiting to be discovered and if we can only manage to help the large number of youths to secure jobs for each one of them, then we as NBA we can be in a position to say that, the future of Nakuru is well secured and that would be a great achievement towards archiving vision 2030 dream” Mr.Muhia said.

Muhia said that if the youths of this county will be shown and be guided towards the rightful direction , there is no doubt that Nakuru will regain it once lost glory.

“I believe in youths to change this county and the country as whole, because they are young, creative and innovative to change their own life and future.”

The great potential of this county does not rest only on banks and educations institutions but also on its natural environment and with Geothermal coming to Nakuru town, Boniface believes this will be a great milestone achievement for this town and for the country.

“I still believe that this town still has a lot to offer when it comes to improving the economy sector as well as creating more employment for the country.”  

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