Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Kenya. The stories here come from users.

Latest Badges:

ECB partners with AGF to boost small scale traders

04 March 2014, 16:53 Nechesa Chemoi

Nairobi - Small and medium enterprise (SMEs) owners will benefit from a partnership that was signed between the Equatorial Commercial Bank (ECB) and the African Guarantee Fund (AGF).

The partnership which was signed on Monday will see the entrepreneurs have access more funds to run their businesses.
AGF has committed to a maximum of KES 212 million in the facility that will run for 5 years.

The loans have been structured as a revolving fund in 2 phases, the short term being 0-3 years while the medium term loan being between 3-5 years.

Speaking at the event, ECB Managing Director said their objective is to capture the SME retail market segment and this would be achieved by the agreement which will allow more businesses to access financing, hence realizing their goal.

On his part, AGF CEO Felix Bikpo said, “AGF is the link that will enable African banks execute their SME banking strategies effectively, while bringing their businesses to required scale and thus enabling SMEs to play their expected role in fostering African economic development.”

“This partnership with ECB will enable an increased number of SMEs to secure financing and strengthen the retail sector,” he added.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Victor Tinto
Man who attacked US Embassy a 24 ...

A man who attacked the US Embassy in Nairobi was a 24 year old from Wajir County. Read more...

Submitted by
Victor Tinto
US Embassy to remain closed Frida...

The US Embassy in Nairobi will remain closed Friday following a terror attack on it Thursday. Read more...

Submitted by
Victor Tinto
Leave ODM if you are unhappy, Rai...

Leave ODM if you are not happy, Raila Odinga tells Senator. Read more...

Submitted by
Victor Tinto
Former Assistant Minister joins J...

A former Assistant Minister has quit PNU and joined the Jubilee Party. Read more...

Submitted by
Victor Tinto
DP Ruto intervenes as Kerio Valle...

DP William Ruto will visit Kerio Valley to try solve never-ending clashes between local residents. Read more...

Submitted by
Wilson Ochieng
ODM MP chased down by angry Kibra...

Kibra MP Ken Okoth had a hard time in his constituency after angry youth pelted him with stones. Read more...