• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Bank takes its business customers to China for exposure

samrack by samrack
November 14, 2018
in Africa, Business, Diaspora, Kenya, Kenya Diaspora News, News, People, U.S Diaspora
A A
0
Bank takes its business customers to China for exposure
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

Bank takes its business customers to China for exposure

The Co-operative Bank of Kenya has initiated a project to expose its business customers to the outside world in a bid to hone their experience through learning from the best practices. ‘Non-Financial Services that fall under the newly launched Micro, Small and Medium Enterprises (MSME) project incorporates customer business trips, networking forums and customers training’, Says Moses Gitau, the Head of Business Banking. The bank recently coordinated and organized the first trip for business customers to China that helped expose 30 MSME business men and women to leading manufacturing destinations in the leading commercial Chinese City of Guangzhou.

Their itinerary included a two day visit to the annual Canton Fair (China Import and Export fair) that twice a year attracts over 24,000 of China’s best foreign trade companies. It was an opportunity for the entrepreneurs drawn from Nairobi, Naivasha, Bungoma, Nakuru, Meru, Makueni, Kisumu, Machakos, Ruiru and Juja (Kiambu) to sample an array of furniture, hardware,  construction,  textile electrical and electronics, building, industrial, leather, ornamental and other products at a glance. The fair was a one stop shop to meet manufacturers, suppliers, shipping agents and others involved in goods that find their way into Kenya. The bank’s director of Retail and Business banking Division  Mr Arthur Muchangi said US$15 million (Ksh 15 billion) had been set aside to support Small, Medium and Micro Enterprises (MSMEs) ready for willing borrowers who are customers of the bank. “Our goal is to start as many Kenyans as possible on business and consequently help create employment,” said Mr Muchangi.

Kenya’s Deputy Head of Mission in China Mr Edward Kimani cautioned against taking short cuts in any business venture. He urged Kenyans to liaise with embassy officials if need be to ensure imports from China were of the right quality. “There are plenty of   opportunities here, but take careful steps as you do business,” he advised. Mr Kimani who welcomed the business contingent on behalf of Ambassador Michael Kinyanjui advocated for joint ventures with Chinese industrialists to create products with the tag ‘made in Kenya’.

“It would be better to have Chinese products made in Kenya as that reduces cost and helps create the much sought after employment,” said Mr Kimani. The Bank’s Head of Non-Financial services Mr Peter Ndumia said the Services have come at the right time to support running and growing of customer’s businesses. The eight day maiden trip was facilitated by FCM travel solutions, a top travel management company. FCM Managing Director  Mr Hamisi Hassan urged other institutions to emulate Cooperative bank in organizing exposure trips for their clientele. Mr Hamisi said his company was well endowed to ensure institutions and their clientele got the best value from any destination courtesy of a network spanning over 90 countries worldwide.

Source:https://www.standardmedia.co.ke/

Tags: Bank takes its business customers to China for exposure
Previous Post

Lessons on youth educational training reform in Kenya

Next Post

Kenya hub of human trafficking in East Africa – US State Department report

Related Posts

Diaspora:How KEMEN  President, Anthony Kamnao “Cheated Death” after a gruesome accident
Diaspora

Diaspora:How KEMEN President, Anthony Kamnao “Cheated Death” after a gruesome accident

February 3, 2023
Death Announcement Of Eric Gakure of Worcester MA
Diaspora

Death Announcement Of Eric Gakure of Worcester MA

January 31, 2023
Ruto didn’t win August 2022 election, should resign – Raila
Kenya

Ruto didn’t win August 2022 election, should resign – Raila

January 28, 2023
Peter Francis Muhia Ndungu Of Brockton Massachusetts
Diaspora

Death Announcement of Peter Francis Muhia Ndungu Of Brockton Massachusetts

January 28, 2023
Diaspora

Canadian Embassy Wades into Kenyan-Canadian Nurse Lucy Njeri’s Alleged Murder Plot

January 26, 2023
US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya
Business

US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya

January 26, 2023
Next Post
Kenya hub of human trafficking in East Africa – US State Department report

Kenya hub of human trafficking in East Africa - US State Department report

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

Diaspora:How KEMEN President, Anthony Kamnao “Cheated Death” after a gruesome accident

Death Announcement Of Eric Gakure of Worcester MA

Ruto didn’t win August 2022 election, should resign – Raila

Death Announcement of Peter Francis Muhia Ndungu Of Brockton Massachusetts

Canadian Embassy Wades into Kenyan-Canadian Nurse Lucy Njeri’s Alleged Murder Plot

US Man Involved in a $250 Million Fraud Scheme to Forfeit Properties He Acquired in Kenya

Mizizi Africa Homes diversifies into land selling with ‘Buy, We Build’ Concept

Equity Bank’s Wings to Fly Scholarship selection process commences

Transition/Death Announcement of Christine Ntagengwa of Attleboro,Massachusetts

Women of Hope: Valentines Dinner: $70 P/Person 11 Feb 2023 Guest Speaker:Rev.Dr.G.G Gitahi Time 7PM EST

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Ruto didn’t win August 2022 election, should resign – Raila

Ruto didn’t win August 2022 election, should resign – Raila

by samrack
January 28, 2023
0

Ruto didn't win August 2022 election, should resign - Raila According to Raila, Ruto did not win the August 9...

NEW SCARY DEVELOPMENTS IN KENYA

NEW SCARY DEVELOPMENTS IN KENYA

by samrack
January 21, 2023
0

NEW SCARY DEVELOPMENTS IN KENYA Will Martha Karua's case at the East African Court of Appeal, the new Ruto's revelation...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.113 seconds. Stats plugin by www.blog.ca