Browsing: National Bank of Kenya

  • National Bank of Kenya has committed to United Nations Global Compact Principles on Responsible Business
  • NBK will be required to submit an annual Communication on Progress (CoP) report, demonstrating to its stakeholder its progress in working towards the Ten Principles of the UN Global Compact

Kenya’s National Bank of Kenya (NBK) has signed up to the United Nations Global Compact, reinforcing its commitment to uphold and protect human rights, labour, environment, and anti-corruption principles through its business practices.

With its signing, NBK has committed to adopting ethical and responsible business practices in its day-to-day operations and organizational culture.

Speaking during the signing ceremony, NBK Managing Director Paul Russo noted that participating in the United Nations Global Compact will strengthen its commitment to the UN Sustainable Development Goals (SDGs) even as they continue to develop their sustainable social and environmental responsibility programs, aimed at creating shared value for communities in which …

Banks in Kenya are aligning to offer financial literacy to Micro, Small and Medium Enterprises (MSMEs) to boost productivity and efficiency in the sector.

The informal sector in Kenya employs approximately 14.9 million Kenyans and contributes an estimated 28 per cent to the country’s Gross Domestic Product.

In partnership with the Kenya Bankers Association (KBA), the banks are training more than 100 entrepreneurs, each, in the MSME sector.

While it has been hard to get small loans in Kenya for MSMEs, most of those starting businesses rarely have startup business loans. It is even harder even for small business grants to come by forcing many business incubations to either take too long to grow or to die entirely.

Banks offering entrepreneurship training in Kenya

Knowhow on how to start a business is also limited since there is poor research by prospective entrepreneurs.

However, the National Bank of Kenya has …