Thinking of venturing into the bodaboda business? Great! It’s one of the fastest growing sectors in Kenya. In the past few years, the industry has opened up several wonderful opportunities for many Kenyans. Step 1: Identify a Motorcycle You may be wondering which is best for you. Most comparisons are based on the sale price, cost of maintenance/repairs, fuel efficiency, hardiness and looks. The good news is that with so many brands available, you are almost certain to get an […]
We talked to entrepreneurs with over 30 years in business experience and asked what are some of the most important lessons they wish they had learned earlier in life. For most, it has been a crazy ride. But with age, and all those ups and downs, comes experience — and with experience comes a little bit of wisdom. Here are the top 10 lessons they wish they had learned before they were 40. 1. You can’t control everything. No matter […]
Century Microfinance Bank Limited seeks to fill the position of Senior Relationship officer. Reporting to: The Business Development Manager Station: Nairobi JOB PURPOSE STATEMENT Job Summary: Working closely with the Business Development Manager the job holder will ensure implementation of sales & business growth strategies and at the same time ensure quality of the loans portfolio. He/she will identify business growth opportunities, acquire clients in area of jurisdiction, provide support first through Century Business Account opening, manage daily utilization towards future […]
What is invoice discounting? Invoice discounting is probably the simplest form of invoice finance. As with all types of invoice finance, with invoice discounting you sell unpaid invoices to Century and we give you a cash advance that’s a percentage of the invoice’s value. Once your customer has paid the invoice, we pay you the remaining balance minus our fee. Another way to look at discounting is that it’s a series of short-term business loans using invoices as security. In […]
By Martin Njuguna, We all have to communicate painful or sensitive information at some point. And, while it’s important to tell the truth, we need to think about how we do it. Tact allows us to be honest, while respecting a person’s feelings. Why is Tact Important in the Chama? The ability to communicate with sensitivity offers many benefits. First, tact is important when you have to deliver bad news or provide critical feedback. Tact also demonstrates good manners. If […]
Who wouldn’t want t finish 2019 Kshs. 137,800 richer? If you’re not familiar with the 52 week challenge, here’s how it works: you start by saving just 100 bob the first week of the challenge. Simply deposit it in your account without a second thought. The next week, put away 200 bob, and the next, 300 bob… you get the idea. By the end of the challenge, you are saving more than 5,000 shillings a week, bringing your total amount […]
International Women’s Day (IWD) is celebrated annually on March 8. The day has occurred for well over a century, with the first IWD gathering in 1911. The day is not country, group or organization specific – and belongs to all groups collectively everywhere. Gloria Steinem, world-renowned feminist, journalist and activist once explained “The story of women’s struggle for equality belongs to no single feminist nor to any one organization but to the collective efforts of all who care about human […]
The list of things to do before 40 has changed a lot over time. Some want to go skydiving, others want to travel the world and a few get a motorcycle. However, there is one thing that will not change and is non negotiable: you can no longer be financially ignorant once you reach 40. 1. The 3 basics Make sure you have no large debts. The next step is ensuring you maintain an emergency fund with enough money to […]
When it comes to finances and emergencies the best thing you can do for yourself is to be prepared. As you make goals, you should include contingency plans and always maintain an emergency fund. When life’s twists and turns arrive, you will be better able to enjoy the ride rather than fear the consequences. 1. Job Loss – the financial emergency we often encounter first From our first fast food working days to the jobs we plan to continue throughout […]
Whether you are career-oriented or business-oriented, the truth is that we are all brands. Developing a personal brand differentiates you from your competition because it changes the way you’re perceived. A strong personal brand is the foundation for a successful career and also goes a long way in helping entrepreneurs get business. It helps to communicate a unique identity and clear value to potential employers or clients. So, how do you go about building your personal brand? Here are a […]