MCo-op Cash: Bringing the basics of traditional banking to your home!

Atop the list of innovations that have greatly revolutionized human lifestyles, is digital banking platforms. As it is, banking directly touches every sector – industrial, tourism, trade, education – and so on.

In trade, it’s a make or break deal – a robust digital banking platform makes alot of difference in cementing a clientele foundation.

Co-op Bank’s innovative online banking platform has wracked up a solid reputation with their mobile banking app, known as MCo-op Cash.

It’s readily available on free downloads from Playstore, for Android phone users. It’s built with easy-to-install, step-by-step activation process.

The app is basically a portal that allows a Co-op Bank client access to their account from anywhere across the globe.

What are some of the advantages of Co-op Bank online banking?

– It’s easy to view account balance.

– Check recent transactions.

– Make cash transfers to other accounts – within Co-op Bank or to other banks.

– Easily clear utility bills and subscriptions like power bills, water bills, internet and DSTV subscriptions. The app has preset payment data for several service providers.

– The app provides an interactive access between various bank accounts.

– The MCo-op Cash app allows a client to monitor multiple Visa and debit cards linked to the account.

For example, a Co-op Bank client can easily monitor or top up Visa cards used by a student – fast and securely.

– It’s easier to generate statements, that are conveniently sent to the registered email address, thereby cutting back time that would be used in applications at bank branch.

Co-op Bank online banking is not limited to MCo-op Cash app, on Android phones. It can be accessed through any internet-enabled gadgets like tablets and laptops.

Alternatively, for situations a client doesn’t have access to an internet connection, they can use Co-op Bank’s USSD number *667#.

This brings easy to follow prompts to access the account and make desired transactions.

How does a client register for Co-op Bank online banking?

– You can log in and transact using any internet-enabled device including mobile phone, tablet, laptop or desktop computer.

– Registration is INSTANT and FREE of charge. All you need is your National ID and any of your Co-op Bank ATM cards. To learn how, click here.

– You’ll create your own username and password, which you can re-set anytime in case you forget or feel the need to change.

– Every time you log in or do a transaction, you’ll have to enter an OTP (One Time Password) which is sent to your mobile number or email address.

– This is a security feature Co-op Bank has in place to keep accounts secure.

MCo-op Cash App is easy to navigate. Instantly, it avails all the basics of traditional banking to the user’s fingertips in the convenience of their homes.

A side hustle that you can easily set up

If you’re looking for a side hustle that you can easily set up, then allow me to introduce you to the concept of “drop shipping”. That is a fancy word to describe bringing in goods from China and reselling them in Kenya.

And you really could do this for any product -granted there is a local market here in Kenya. So we could talk about doing drop shipping for shisha bongs… We all know a slay queen or two who love their shisha. Or you could do this with clothes and shoes.

The headache when it comes to this side hustle is down to marketing for sustained business and making the payments.

Think about it. You have a passion for sneakers right? Most likely, so do your friends. But that is an exhaustible market because they will not always be buying shoes, month-in and month-out. That means that one of your daily tasks will be marketing on IG and Facebook to get more customers so the endeavour actually pays off throughout the 12 months of the year.

So now that you have decided to sell sneakers to sneakerheads, it is time to identify a supplier. You could choose to go through websites like Amazon or perhaps the Chinese sneaker company has their own website. You place your order and have to pay up for it. How do you go about this without falling prey to scammers who simply want to phish your credit card details? Or how do you go about this without too much of a hustle? Well, that is where Co-op Bank comes in because they have a solution tailor-made just for you. These solutions include:

Online card payments
Boost your sales by integrating into our online card payment solution to receive card payments from customers from different banks and from anywhere in the world.

These are Co-op Bank ATM’s, Debit or Credit Cards. All payments for purchases or goods delivered can easily be checked off by swiping these cards.

With card payments, it’s easier to track stock levels, and enjoy an easy check out flow.

PDQ/POS

This is a device that refers to a payment terminal accessed by Visa cards to make electronic fund transfers. They are common in malls, supermarkets and fuel stations.

POS stands for Point Of Sale in a business outlet. PDQ stands for ‘Process Data Quickly’.

Co-op Bank avails PDQ/POS machines to their clients. These machines greatly boost sales by enabling them receive card payments from customers from different banks.

A trader enjoys timely reports, easier tracking of income and expenses.

Lipa Na M-Pesa Till Number

Co-op Bank provides this service in partnership with Safaricom M-Pesa service. The bank offers to process a till number for their client’s businesses, at no charge.

This helps a business to receive cashless payments via Lipa na M-Pesa Till Number – usualy displayed at payment point at the business premises.

The money clients pay through the Till number is deposited directly into the client’s Co-op Bank account.

The payments paid into the account can be accessed anytime via Co-op Bank’s mobile banking platform, ATMs, Co-op Kwa Jirani agents, Internet banking or at any branch across the republic.

M-Pesa Paybill 400200

Co-op Bank’s official M-Pesa Paybill number – 400200 – enables a trader to receive payments directly into their Co-op Bank account.

The money reflects into the account immediately. One can also check for the payment confirmation via mobile banking or internet banking platforms.

Alternatively, one can receive notifications via text if they have subscribed to the MCo-op Cash SMS notifications.

The funds are accessible anytime via the banks’s mobile banking platform, Co-op Kwa Jirani agents, ATMs, Internet banking or at the branch.

 

 

M-Coop Cash

This feature is not limited to business owners, but to everyone with a Co-op bank account. It’s applicable to all needs that require exchange of money.

Encourage colleagues, family members, clients or business associates who have Co-op Bank accounts to send money directly account using the MCo-op Cash App or via USSD *667#.

How does a business boost sales?

  • Easier tracking of expenses.
  • Timely business reports.
  • Easy check out flow.

Instant payment confirmation via SMS notifications or via internet banking platform.

Payments are deposited into Co-op Bank account – easy access anytime via mobile banking platform, ATMs, Co-op Kwa Jirani agents, internet banking and at the branch.

How does a client register for Co-op Bank online banking?

You can log in and transact using any internet-enabled device including mobile phone, tablet, laptop or desktop computer.

Registration is INSTANT and FREE of charge. All you need is your National ID and any of your Co-op Bank ATM cards. Click here to register.

You’ll create your own username and password, which you can re-set anytime in case you forget or feel the need to change.

Every time you log in or do a transaction, you’ll have to enter an OTP (One Time Password) which is sent to your mobile number or email address.

This is a security feature Co-op Bank has in place to keep accounts secure.

 

Five types of customers, and how to handle them at your business premises

The Complainer

This customer has an halo of negativity. An outspoken skeptic. As soon as they enter the premises, they’ll start noticing all the wrong things.

It may be too stuffy, why does the management think of air conditioning? If none of the attendants is free, they’ll blast slow service.

The Talkative

Depending on the context, serving a talker is usually pleasant. A customer may casully inquire if a teller or a cashir is married, divorced or dating. It’s usually harmless, if not intrusive.

A dotting husband and father may lean in to show you clipped photos of their kids in their wallets – as they take out their card.

The Indecisive

Well, to be fair, there’s a lot involved in modern-day shopping – picking a certain brand over the others. It’s not uncommon to see a man at the counter sprint back to the aisle to swap one brand of tissue with another.

Other people may be unsure of how much they want to spend on their credit cards. A bit of calmness, and patience works well in these cases.

The Demanding/Aggressive

This category ranks lowest on the customer service aptitude tests. They are short tempered, and quick to kick up a storm. A slight uncertainity will have them banging palms on the counter, demanding to see the boss, or supervisor.

As an attendant, the ideal way is to talk less, nod and ask or buzz for the supervisor. Being calm – a poker face, and a little smile – diffuses the needless storm.

The Impatient

A customer may be in a rush. They’ll show it. Shout for the waitress in a busy restaurant, or threaten to leave without an ordered meal. It’s important that the queue moves along well.

Thou shall not abandon clients for personal calls, in-staff banter or coffee breaks.

The payment point usually gets the blunt. The secret is to invest in a cashless banking system that curtails risks associated with hard cash.

Besides security, business owners prefer fast access to their accounts.

Co-op Bank’s online banking platform is reliable, and secure. The innovative, easy-to-navigate portal links a business to a bank account.

There’s several options, to suit your business needs:

Online card payments

Boost sales by integrating an online card payment solution to receive card payments from customers from different banks and from anywhere in the world.

These are Co-op Bank ATM’s, Debit or Credit Cards. All payments for purchases or goods delivered are done by swiping cards.

Card payments enable instant account updates and accountability.

A PDQ/POS machine popular at mall pay points.

PDQ/POS

POS is an abbreviation for ‘Point Of Sale’ in a business outlet. PDQ stands for ‘Process Data Quickly’.

It’s a payment terminal. An interface for card payments, or electronic funds transfer. They are very popular in malls, supermarkets and fuel stations.

Coop Bank avails PDQ/POS machines to their clients. The device boosts sales by processing payments from customers holding accounts in different banks.

A client receives real-time cash flow reports. It’s easier to track income and expenses.

Lipa Na M-Pesa Till Number

First off, Co-op Bank offers to process a business till number for their clients, at no extra charge.

This enables a business to receive cashless payments via Lipa na M-Pesa Till Number. The money received through the Till number is deposited directly into the client’s Co-op Bank account.

Accounts are accessed anytime via Co-op Bank’s mobile banking platform, ATMs, Co-op Kwa Jirani agents, Internet banking or at any branch across the republic.

M-Pesa Paybill 400200

The M-Pesa Paybill number 400200 enables a trader to receive payments directly into their Co-op Bank account.

On the M-Pesa menu, enter Co-op Bank Paybill number 400200, and on account, the client’s bank account details. The money reflects immediately.

It’s easy to make payment confirmations, via mobile banking or online banking platform.

Alternatively, one can receive notifications via text if they have subscribed to the MCo-op Cash SMS notifications.

The funds are accessible anytime via our mobile banking platform, Co-op Kwa Jirani agents, ATMs, Internet banking or at the branch.

M-Coop Cash

This feature is not limited to business owners, but to everyone with a Co-op Bank account.

It’s applicable to all needs that require exchange of money. Encourage colleagues, family members, clients or business associates who have Co-op Bank accounts to send money directly account using the MCo-op Cash App or via USSD *667#.

To learn more about Co-op Bank’s online banking, click here – or visit the nearest Co-op Bank branch to speak to an agent.

Take Your Business Online: That’s Where The Money Is

Going digital/ going online: I was just reflecting on the last year we have all experienced when a certain unnamed beer bug resulted in the rest of us having to become virtual shut-ins for the better part of the calendar year.

I actually just realized that everything has gone digital. It’s all online.

If it’s a wines and spirit? Then it’s gone online to save on the overheads aswell as it’s where all the clients reside and hangout. A butchery? Same script.

Everything has gone online. Even thrift shopping which is what my neighbours and friends call mitumba clothing but it has it’s unique challenges. The biggest headache being processing pay. Making and sending payments can be a headache. Like if you need to bring in some refurbished phones from abroad; say the UK.

Or say you need to pay for shisha bongs that youre bringing in from Iran or China for you to resell locally. How do you handle the payments? Do you run around to have your currency converted then you deposit and send it?

That is where Coop Bank comes in -to make things easier. Coop Bank has services that allow you to transact your online business with utmost peace of mind. The systems set in place to enable you to focus on your online hustle include:

Online card payments
Boost your sales by integrating into our online card payment solution to receive card payments from customers from different banks and from anywhere in the world.

These are Co-op Bank ATM’s, Debit or Credit Cards. All payments for purchases or goods delivered can easily be checked off by swiping these cards.

With card payments, it’s easier to track stock levels, and enjoy an easy check out flow.

PDQ/POS

This is a device that refers to a payment terminal accessed by Visa cards to make electronic fund transfers. They are common in malls, supermarkets and fuel stations.

POS stands for Point Of Sale in a business outlet. PDQ stands for ‘Process Data Quickly’.

Co-op Bank avails PDQ/POS machines to their clients. These machines greatly boost sales by enabling them receive card payments from customers from different banks.

A trader enjoys timely reports, easier tracking of income and expenses.

Lipa Na M-Pesa Till Number

Co-op Bank provides this service in partnership with Safaricom M-Pesa service. The bank offers to process a till number for their client’s businesses, at no charge.

This helps a business to receive cashless payments via Lipa na M-Pesa Till Number – usualy displayed at payment point at the business premises.

The money clients pay through the Till number is deposited directly into the client’s Co-op Bank account.

The payments paid into the account can be accessed anytime via Co-op Bank’s mobile banking platform, ATMs, Co-op Kwa Jirani agents, Internet banking or at any branch across the republic.

M-Pesa Paybill 400200

Co-op Bank’s official M-Pesa Paybill number – 400200 – enables a trader to receive payments directly into their Co-op Bank account.

The money reflects into the account immediately. One can also check for the payment confirmation via mobile banking or internet banking platforms.

Alternatively, one can receive notifications via text if they have subscribed to the MCo-op Cash SMS notifications.

The funds are accessible anytime via the banks’s mobile banking platform, Co-op Kwa Jirani agents, ATMs, Internet banking or at the branch.

M-Coop Cash

This feature is not limited to business owners, but to everyone with a Co-op bank account. It’s applicable to all needs that require exchange of money.

Encourage colleagues, family members, clients or business associates who have Co-op Bank accounts to send money directly account using the MCo-op Cash App or via USSD *667#.

How does a business boost sales?

  • Easier tracking of expenses.
  • Timely business reports.
  • Easy check out flow.

Instant payment confirmation via SMS notifications or via internet banking platform.

Payments are deposited into Co-op Bank account – easy access anytime via mobile banking platform, ATMs, Co-op Kwa Jirani agents, internet banking and at the branch.

How does a client register for Co-op Bank online banking?

You can log in and transact using any internet-enabled device including mobile phone, tablet, laptop or desktop computer.

Registration is INSTANT and FREE of charge. All you need is your National ID and any of your Co-op Bank ATM cards. Click here to register.

You’ll create your own username and password, which you can re-set anytime in case you forget or feel the need to change.

Every time you log in or do a transaction, you’ll have to enter an OTP (One Time Password) which is sent to your mobile number or email address.

This is a security feature Co-op Bank has in place to keep accounts secure.

Co-op Bank Group CEO bags ‘Best Bank CEO in Africa’ award

This has been a winning season for the Co-operative Bank of Kenya, with a number of accolades recorded in the period.

The Group Managing Director & CEO Dr Gideon Muriuki has been named Best Bank CEO in Africa at this year’s African Banking Awards organised by EMEA Finance.

Co-op Bank Group CEO Gideon Muriuki during a past event
Co-op Bank Group CEO Gideon Muriuki during a past event

The EMEA Finance Awards recognise corporate leaders and financial institutions which, through their client focus and sound leadership, continue to increase profitability, deliver affordable credit to the retail and wholesale markets, and support local and transnational corporations do business.

This year’s awards had a unique perspective in light of the Covid-19 pandemic, for which the Co-op Bank Group CEO was recognised for implementing key strategies to address challenges facing both businesses and households.

Dr Muriuki was recognised for the bold decision to sustain the payment of dividends to shareholders despite Covid-19, which offered a critical relief and most timely support to the over 15 million-member Cooperative movement.

In addition, the award recognised the decision by the Group CEO not to push for staff retrenchment and opting to retain full staff complement during the Pandemic.

To manage the disruption caused by the pandemic, the bank undertook a deep analysis to identify inefficiencies, which were resolved through redeployment of staff and other resources.

The awards also recognised the successful acquisition and stabilisation of Jamii Bora Bank (renamed Kingdom Bank) as it offered much-needed stability to the local financial sector.

The EMEA Awards committee also feted Dr Muriuki for driving sustainable credit-growth models that are designed in line with the Credit Risk Adaption Project advised by global consulting firm McKinsey.

In addition to the Best Bank CEO in Africa award to Dr. Muriuki, the EMEA Awards also awarded the Best Bank in Kenya Award to the Co-operative Bank, and the Best Asset Manager award to Co-opTrust Investment Services Limited, a wholly owned subsidiary of Co-op Bank.

With Kshs 181billion in assets under management, Co-op Trust is one of the largest and most successful locally-owned asset management firms in Kenya.

What are the online banking options available to a business owner in Kenya?

A secure system that allows online payments for business is a major concern for discerning business owners.

There’s pressing need to go cashless in the digital age, and on this front, Co-op Bank leads the pack.

Co-op Bank has an innovative online banking platform that has won accolades across the banking spectrum for its reliability, security and versatility.

A business does not need a website to enjoy benefits of online banking.

Online card payments
Boost your sales by integrating into our online card payment solution to receive card payments from customers from different banks and from anywhere in the world.

These are Co-op Bank ATM’s, Debit or Credit Cards. All payments for purchases or goods delivered can easily be checked off by swiping these cards.

With card payments, it’s easier to track stock levels, and enjoy an easy check out flow.

PDQ/POS

This is a device that refers to a payment terminal accessed by Visa cards to make electronic fund transfers. They are common in malls, supermarkets and fuel stations.

POS stands for Point Of Sale in a business outlet. PDQ stands for ‘Process Data Quickly’.

Co-op Bank avails PDQ/POS machines to their clients. These machines greatly boost sales by enabling them receive card payments from customers from different banks.

A trader enjoys timely reports, easier tracking of income and expenses.

Lipa Na M-Pesa Till Number

Co-op Bank provides this service in partnership with Safaricom M-Pesa service. The bank offers to process a till number for their client’s businesses, at no charge.

This helps a business to receive cashless payments via Lipa na M-Pesa Till Number – usualy displayed at payment point at the business premises.

The money clients pay through the Till number is deposited directly into the client’s Co-op Bank account.

The payments paid into the account can be accessed anytime via Co-op Bank’s mobile banking platform, ATMs, Co-op Kwa Jirani agents, Internet banking or at any branch across the republic.

M-Pesa Paybill 400200

Co-op Bank’s official M-Pesa Paybill number – 400200 – enables a trader to receive payments directly into their Co-op Bank account.

The money reflects into the account immediately. One can also check for the payment confirmation via mobile banking or internet banking platforms.

Alternatively, one can receive notifications via text if they have subscribed to the MCo-op Cash SMS notifications.

The funds are accessible anytime via the banks’s mobile banking platform, Co-op Kwa Jirani agents, ATMs, Internet banking or at the branch.

M-Coop Cash

This feature is not limited to business owners, but to everyone with a Co-op bank account. It’s applicable to all needs that require exchange of money.

Encourage colleagues, family members, clients or business associates who have Co-op Bank accounts to send money directly account using the MCo-op Cash App or via USSD *667#.

How does a business boost sales?

  • Easier tracking of expenses.
  • Timely business reports.
  • Easy check out flow.

Instant payment confirmation via SMS notifications or via internet banking platform.

Payments are deposited into Co-op Bank account – easy access anytime via mobile banking platform, ATMs, Co-op Kwa Jirani agents, internet banking and at the branch.

How does a client register for Co-op Bank online banking?

You can log in and transact using any internet-enabled device including mobile phone, tablet, laptop or desktop computer.

Registration is INSTANT and FREE of charge. All you need is your National ID and any of your Co-op Bank ATM cards. Click here to register.

You’ll create your own username and password, which you can re-set anytime in case you forget or feel the need to change.

Every time you log in or do a transaction, you’ll have to enter an OTP (One Time Password) which is sent to your mobile number or email address.

This is a security feature Co-op Bank has in place to keep accounts secure.

The unbelievable story of an hyena that bit off a soldier’s finger while in camp at Athi River

This is a true story.

Not so long ago, before the SGR snaked its way across the Athi River, a company of soldiers is out and about in a routine training exercise.

A training exercise is not a walk in the park. By evening, the soldiers can barely walk. The body aches. The stomach rumbles and the throat is parched. The sun doesn’t play in these streets.

So, one evening after a long, rumbling trek, the squad stumbles into camp. The first stop is the kitchen area. Basically, a few trenches with a lit fire – huge boiling cauldrons.

Thankfully – there’s always a hot meal waiting.

Former Nairobi Governor Mike Sonko hanging out with military personnel (file image)

There’s a ton of Ugali. Lots of fried meat. It’s all laid out on tables, buffet-style. Just so you know, the military invented the buffet.

The starving squad digs in.

Then, each soldier crawls to their tent. If you haven’t been in a tent, it’s just an overpriced invite to spend a night in the open. No walls.

They slump into bed, military fatigues, soiled boots and all. A few, naturally, forget the little matter of washing hands after the dinner meat session.

Now, Athi River is home to loads of wildlife. In this story, marauding hyenas and wild dogs come into play.

They like military camps – loads of left over food – especially meat. A military camp is deathly silent in the dead of night. This is the time the scavengers rule. Packs run the length of the camp, sniffing for discarded morsels of food.

They have a keen sense of smell. They’ll even sniff meat-stained fingers.

That’s a first hand story, as told by a soldier whose fingers got gnawed off by a hyena in the plains of Athi River.

I suppose every kid wants to be a soldier at some point. And almost every other teen. Its glamorous, and enviable. As it is, not everyone makes the cut. And not everyone deserves the cut.

Because it’s a life of endless, thankless sacrifice.

Spending nights in waterlogged trenches – swatting angry mosquitoes. Camping for months in remote wastelands – no cellphone coverage.

Meeting and talking to the same people, every single day, for months on end. Eating the same meals, on clockwork.

At some point, you realise that you know your comrade more than you know your own spouse.

The constant travel for assignments and impromptu exercises have a toll on family life.

A soldier hardly ever attends family functions.

You’ll get a new born – but you don’t get to know of it. You have pitched camp in some forsaken dumpland without a single bar of nework.

Your favorite niece got married sometimes over Easter. When you finally get home on that short week off, you’ll be regaled with funny tales on how Uncle Njenga aced her dowry negotiations.

She fetched a few camels, over and above a tidy sum of currency. He was clearly the GOAT.

Except, the GOAT uncle had passed on a few weeks earlier. You didn’t hear of it. It hurts for a moment.

 

The KDF band in a practise session (file image)

It’s not all doom and gloom, though. It is really, loads of fun.

Fancy having the run of all the game parks. While travel nuts and wanderlusters pay kidneys and lungs for a few days in The Tsavo, you have camped the whole length of it.

If you camping, wash your hands after the meals. And do not let your hands hang off the bed as you sleep.

Thanks to a digital banking revolution, a soldier’s life is easier. It’s now just a simple login into banking platform on a basic mobile phone to solve all family financial obligations.

Co-op Bank has built an easy to use internet banking platform that’s been a favourite with soldiers.

It’s now easier for a travelling soldier to keep track of his family’s needs with Co-op Internet banking. The utility bills like power, water and other subscriptions are easily handled on the go.

Besides, it gets easier to operate a business.

Co-op Internet banking makes day-to-day biashara operations more efficient! It allows real-time account balances, Inter-account as well as interbank funds transfer and many other services.

Most KDF soldiers are banking Ki-pro na Co-op Internet Banking.

October 14th is the official KDF Day. Lots of respect to all the soldiers in active service, and the veterans.

HAPPY KDF DAY!

Coop Bank partners with African Guarantee Fund (AGF) to boost Green Financing in Kenya

Co-op Bank has signed a Loan Portfolio Guarantee Agreement with African Guarantee Fund (AGF) for Small and Medium-sized Enterprises.

The loan amounts to Kes.750 Million that’s set to increase financing of green transactions in Kenya.

The guarantee facility will enable Co-op Bank, on one hand to strengthen its commitment to financing Micro, Small and Medium-Sized Enterprises (MSMEs).

On the other end, to promote emerging corporates in Kenya that are involved in green energy and solar installation projects.
According to data from the International Renewable Energy Agency, increased demand and technological advances have contributed to a significant decrease in solar photovoltaic (PV) systems costs over the years.

Solar costs have fallen by over 80% since 2010 while the levelized cost of energy generated by large scale solar plants is under Kes 10/kwh, compared to about Kes 38/kwh ten years ago.

The figures further indicate that between 2018 and 2019 alone, the price of solar power fell by 13%.

Commenting on the signing of the agreement, the Director – Corporate & Institutional Banking at Co-op Bank Jacquelyne Waithaka said,

“The challenge that banks and other financiers face in the financing of solar energy regards the kind of securities that customers offer as collateral for credit.”

“Solar panels and inverters, for instance, are not a preferred security because they cannot be easily liquidated in case of loan default. Co-op Bank’s partnership with AGF has created an instrument that overcomes this challenge, thereby giving the bank considerable ability to finance solar energy programs effectively.” She adds.

“Energy costs remain one of heaviest input costs for many MSMEs. This partnership is expected to have large positive impact on MSMEs involved in manufacturing, light industry and agro-processing by reducing the cost of doing business thereby making them more competitive.” The director further says.

For the environment, successful uptake of the scheme will lead to the reduction in Carbon emissions.

It is also expected that as the prices of solar technologies continue to come down and AGF continues to develop other products, a greater number of Kenyans will afford renewable energy products and services,” she added.

AGF Group Director of Business Development Franck Adjagba reaffirmed AGF’s commitment in promoting a sustainable economic growth in the country.

He said, “Banks in Kenya are in dire need of risk mitigating instruments to support their lending activities to SMEs. However, we should aim for economic growth without degrading the environment.”

“Sustainability improves the quality of our lives, protects our ecosystem and preserves natural resources for future generations. Our partnership with Co-op Bank today reflects our commitment to increase financing of businesses in the green sector.” He adds.

Through this partnership, Co-op Bank will avail the opportunities to customers across the country.

Slayqueen drama as online girlfriend invades bachelor’s bedsitter on Forest Road

A new relationship? It’s like walking in the woods after dark.

There’s a lot of bumping into strange new things. There’s no knowing what kind of surprises lurk in the shadows of their partner’s personality.

Maina, fondly known as Maish – lives in a bedsitter in a residential block along Forest Road. It’s a bit cramped and pricey, but worth it. Shiny tiles, functional hot shower head, and close to his work place. He walks. Life has been pretty cool, till Brenda waltzed into his life.

Maish is now in a quagmire.

He met Brenda met on Facebook. The usual way. She liked posting memes. Maish first responded with emojis. Laughing emojis.

In between, she’d drop a selfie – and she was striking – filters notwithstanding. She had dimples, man. Dude graduates, emoji-wise. The love emoji. Red is a warm color.

Then he slid into her DM. He gets her Whatsapp number. They start chatting. Meaningless, at first.

How chilly is Nyandarua? Maish would want to know if it snowed there in July 1998.

Do you love chips? They are called fries, she’d remind him.

Can you operate a wheelbarrow? She confided that her dad owns 8 wheelbarrows.

Maish didn’t think it an engineering marvel that needed any sort of certification. Plus, he deemed himself an hustler.

He shares his grand life plan: save half of his salary to set up a business. He planned to buy a fleet of trollies to sell sausages and eggs on road intersections.

Brenda challenges him: Defend your thesis.

Easy. He’d rattled off a list – no overheads like rent, and council licensing. Profits are double-double. It seemed waterproof. He’d asked what she was doing.

Brenda says she’s a fresh graduate. Has a teaching degree from Maseno. But she intimates that she doesn’t look forward to a stint as a TSC employee.

She nails it further with a solemn declaration: Not even if ‘they tripled salaries’ at TSC.

Well, Maish had a rather noble regard for high school teachers. Brenda had started an online fashion business in campus. It had turned out rather well. She’d rattle off figures she’d achieved as profits. In campus.

If it wasn’t for her mother’s fragile heart, she’d have dropped out.

Maish was falling in love. Here’s an hustler. In the flesh – not just some hyped political rhetoric. He asked for a date, on her next resupply run to the city. She didn’t promise ‘anything’.

One Friday, Maish is at work. He receives a call from Brenda. She’s in town, she’d come in for some new stock. Maish says he cannot get off work in time – no worry, she’d be happy to come over see him at his place.

Send me a location pin on Whatsapp, she says.

What? For real? Dude’s heart is racing. A lot can go wrong for a first meeting. He starts ticking off the list in his head.

Did I flush the toilet this morning?

Did I get my dirty boxers off the coffee table? No, he’s still in them.

He feigns headache and gets off work half an hour earlier. He sprints home. Other than a flooded room, all is well. He’d forgotten to close the taps that morning. But he didn’t have a carpet, nothing to worry about.

Brenda arrives in a cab. That’s impressive,

Maish thinks. Not so much, though, when he started hauling up bales and cartons to the 8th floor. Brenda had a ton of luggage. It’s my new stock, babe. He blushes, she giggles – oops, I just called you babe. He gets a spring in his step.

Back in the bedsitter, there’s barely enough space left to breath. Or, fart. He’d had matoke and guacamole for lunch. Maish squeezes next to her on his two-seater. To break the ice, he asked her why they call an avocado, ‘guacamole’.

She didn’t hear him.

Brenda was busy. She had a phone on each hand. She was checking her social media accounts.

“Babe, am getting hits. How far is USIU from here” She asks.

If his life depended on it, Maish would have died on that day. He didn’t have a clue where USIU was – or what USIU stood for. Before he could figure it out, she was calling someone.

It was a boda boda guy. Yaani, barely ten minutes in his bedsitter, she had a boda boda guy.

“Babe, fungua hio box pale….no, no, si hio…this one. I marked it. Check for a pink kimono dress”.

Brenda is pointing with her phone to a box on the bed. It’s in the bottom row.

“Msee wa boda is coming to pick it. He’s delivering to USIU in the next few.” She says.

She speaks in a fast staccato – hardly the ‘memes girl’ Maish had imagined. He hefts and heaves on the boxes. A pink something, and something chiffon.

Brenda hands him the package.

“Babe! Hurry up! Go downstairs and give it to the boda guy at the gate. Thanks, babe”.

Maish runs down the stairs, gripping the rails.

The last time he did this, the KPLC guy was threatening to disconnect his power meter. The previous occupant of his bedsitter had ‘doctored’ the meter’.

He finds the delivery guy, hands over the package. He just rides off.

As Maish labors up the stairs, he’s in a dilemma. He realises living on 8th floor is not wise. Then, have we just been robbed?

He gets in. Mumbles something about the bike guy not giving him any money.

“Baaaaabe, don’t worry. That’s just a delivery guy. My clients pay online. Tushalipwa!” She says, hugging him. As he holds her, he smells her weave. It’s an expennsive synthetic. He could feel two phones in her hands digging into his back.

Instead of some TLC, Maish is treated to a business crash course on Co-op Bank e-commerce solutions. Brenda says she doesn’t have a business website – but, still……..

Co-op Bank e-Commerce solution works without a website. The merchant receives a unique link (Pay-By-Link) which they use to invoice their customers.

It works in a simple process:

  • Once the merchant and the customer agree on the pricing, the merchant sends the payment link to the customers email address.
  • The customer will receive an invoice with the link on their email.
  • The link will open up a portal where the customer will insert their card details and the amount they are to pay.
  • Once the payment goes through, the merchant will receive a payment confirmation via email and SMS.
  • The customer will also receive a notification via SMS in the event they have subscribed to SMS alert with their card provider.

Co-op Bank Group makes 10 billion in profit in six months

Co-op Bank Group is pleased to report a Profit Before Tax of Kshs.10.5b for the second quarter of 2021, a commendable 10% growth compared to Ksh.9.6b recorded in the second quarter of 2020.

This represents a strong Profit After Tax of Kshs.7.4b compared to Kshs.7.2b reported in second quarter of 2020.

The bank reported growth in different areas in the same period last year. Notably, Total Assets grew by Kshs.59.1b to Ksh.573b up from Kshs.513b.

In the credit department, net loans and advances book grew by Kshs29b above the previous years Kshs.272b.

Other notable growths include investments in Government securities from Kshs.182b to Kshs.301b.

The group attributes this growth to several factors: A robust Credit Management initiative and the De-centralization of Loan Portfolio Management

In credit management, there’s a Credit Risk Adaptation Project dubbed ‘Project Kilele’ that’s supported by a Global consulting firm which involves an end-to-end assessment of credit risk management practices, an effort to strengthen portfolio assessment and risk frameworks.

Besides, this seeks to enhance collection platforms aligned to the new business operating environment.

The Decentralization of Loan Portfolio Management to the Branches, Lending Units and Relationship Management teams has enhanced collection activities.

The project dubbed ‘3C’ (Connect, Collect, Cure) entails proactive management of the Credit book re-assigned from Remedial Credit to Branches and Business Segments.

Co-op Bank Group also attributes success to A Strong Digital Footprint.

This has enabled the bank move 93% of all customer transactions to alternative delivery channels, an expanded 24-hour contact centre, mobile banking, 576 ATMs, internet banking and over 25,000 Co-op Kwa Jirani banking terminals.

The key focus lies on digital banking, with the all-telco Mco-op Cash Mobile Wallet continuing to play a pivotal role in the growth of non-funded income with 5.2 Million customers registered and loans worth Kshs 33.5 Billion disbursed year-to-date, averaging Kshs. 5.6 Billion per month.

The bank also pursues a unique model of retail banking services through Sacco FOSAs that enables the bank provide wholesale financial services to over 479 FOSA outlets, and issue over 1.4 million Sacco-Link cards.

The group’s Subsidiaries, too, continue to post impressive statistics.

Co-op Consultancy & Insurance Agency posted a Profit Before Tax of Kshs 433.8 Million, riding on strong penetration of Bancassurance business.

However, Co-op Bank of South Sudan – that’s a unique joint venture (JV) partnership with the South Sudan Govt (Co-op Bank 51% and GOSS 49%) returned a monetary loss of Kshs 290 Million in Q22021 attributable to hyperinflation accounting due to currency devaluation of the South Sudanese pound.

Co-op Trust Investment Services contributed Kshs. 47.9 Million in Profit Before Tax in Q22021, with Funds Under Management standing at Kshs. 179.4 Billion.

Kingdom Bank Ltd (which Co-op Bank holds a controlling 90% equity interest), has contributed a Profit Before Tax of Kshs. 275 Million in Q22021.

This is compared to 2020 full year loss of Kshs. 124 Million.

In regard to Long Term Financing for MSME’s, Sustainable Agriculture and Health sectors, the Group secured a long-term financing facility from the IFC (International Finance Corporation) in 2020, amounting to Kshs. 8.25 Billion for on-lending to MSMEs at affordable terms.

The proceeds of the facility will support customers operating Micro, small and medium enterprises (MSMEs) and businesses undertaking climate-smart projects, including agricultural inputs and sustainable agricultural practices, renewable energy, energy efficiency and related areas.

Co-op Group has also partnered with IFC and Philips in a first-of-its-kind support in Africa, for health sector operators towards purchase of essential medical equipment and strengthen their response to COVID-19.

It makes available a US$ 300 million kitty to provide risk-sharing facilities to help small businesses acquire the equipment and tools they need by way of loans and leases.

The Co-op Bank Group continues to execute a proactive mitigation strategy anchored on a strong enterprise risk management framework, to enable uninterrupted access to banking services.

The easy way to safeguard your child’s pocket money from bullies and unethical seniors

There is more to high school, ain’t just about academics.

There’s a whole lot to learn. How to relate to people from other communities with strange languages, volatile temperaments and social standing.

A lot of students hail from poor to average backgrounds, high school is one long lesson on how to not compare self with others.

It is what it is.

A factor that remains constant is the clamour by senior students to take advantage of new, naive students.

While over the years the bullying dragon has largely been slayed, it still exists in other forms.

The typical bully’s magnet is the allure of pocket money.

The ingenious seniors employ all sorts of uncanny tricks to relieve newcomers of their pocket money.

Some were straight incredulous – say, a senior would come into the form one class dressed in smart casual clothes, pretending to be some club’s patron – and, he’s on a quest to recruit new members.

The wide-eyed freshers would be awed by the smartly-dressed club patron, and the registration fee would be fixed at a modest 100 bob.

Freshers would scramble to register.

That’s how freshers would be dubed to join fictitious clubs – The Forest Club, The Young Rotary Club, et al.
Some unethical senior students would break into the fresher’s lockers and boxes. The trick to safeguard this money was to think like a thief – how best to hide your money.

A lot of freshers would spend weeks walking around with money in their socks. Or, rolled up in polythene and buried somewhere in the school grounds.

It was hectic. A lot of prep time is spent wondering if the stash is safe.

Cue in the modern times, where digital banking has taken over, and this predicament is easily solved.

Co-op Bank has availed an innovative, safe and easy way to safeguard your child’s pocket money from risk of loss to marauding bullies.

As it is, a student can now worry less about their money’s safety and keep to their studies.

The Co-op Bank Pre-paid card allows a parent to load cash into a card which a student carries to school.

Whichever your choice of bank is, all one has to do is walk into the nearest Co-op Bank branch and sign up for the card, and your child’s needs are handled.

What are the benefits of a Co-op Bank Prepaid card?

  • No need for your child to carry loads of pocket money as they head to school, you can simply load it in the Co-op Prepaid card which is safer than carrying cash..
  • The student will be able to pay for items at their school canteens at No Extra cost.
  • Parents will be able to track their students sending by getting a Mini statement of the card at a Co-op Kwa Jirani agent or via SMS alerts
  • You no longer need to travel all the way to the school to hand over money to your child, you can simply load the card at any Co-op Kwa Jirani agent..
  • The students are also able to withdraw money using the card from any Co-op ATMs or Co-op Kwa Jirani agents outside school.
  • You don’t need an account with Co-op bank to enjoy the benefits of the card
  • No extra charges will be incurred in transactions using the card.

It’s prudent to visit the nearest Co-op Bank branch to learn about Co-op Pre-paid card, or click here.

Boda Boda riders set to benefit as Co-op Bank partners with German Dev’t Co-operation (GIZ)

Young people engaged in the ‘boda boda’ business are set to benefit from a partnership between the Co-operative Bank Foundation and the German Development Cooperation (GIZ) to enhance the employment and business growth for 3,000 boda boda riders.

The partnership will offer riders support in business skills, digital tools to run their business and more important, road safety to reduce the high rate of accidents and loss of lives involving boda boda riders across the country.

The project will be first implemented in the Coast, Eastern and Central regions of Kenya, after which it will be rolled out to other parts of the country.

To kick-off the project going, the Co-op Bank Foundation will be engaging the boda boda riders through their associations and groups, and also owners of motorcycle fleets, women who run boda boda businesses and riders who operate electric and solar-powered motor bikes.

Other key project partners offering support to the project include;

The National Transport and Safety Authority (NTSA) to provide training on road safety and compliance, SAFAL MRM Group Foundation to mobilise the riders for training, Mark Holdings Limited for providing service facility for the motorbikes, and Co-op Bank Bancassurance to provide insurance and training, mainly on benefits of insurance and risk mitigation.

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is implementing the project under the Employment and Skills for Development in Africa (E4D) programme.

The GIZ Country Director Mr. Bodo Immink, lauded the project as a key milestone towards increasing job opportunities in the sector, saying;

“Initiating and supporting sustainable development is what we do every day together with our partners. With this project we are setting the stage for urban and sustainable mobility,” said Mr. Immink.

The Head of the Co-op Bank Foundation Dora Waruiru lauded the partnership as a long-overdue intervention to mitigate the huge challenges of the otherwise promising boda boda sector, saying;

“The Boda Boda sector has emerged rapidly to become a great opportunity for creating jobs and incomes especially for young people, but has come with huge challenges not least of which is the unacceptably high rate of accidents and loss of lives.”

He adds: “It is therefore a great honour for us to partner with GIZ, NTSA and others to support Boda Boda riders run their business in a safe and profitable fashion.”

How the Back-to-School week made us the Best Behaved Kids on the block

In a few decades, I’ll be old enough to share a whisky with my old man. He’ll then be retired and, hopefully, pleasant.

Everyone becomes pleasant upon retirement, what with grandchildren stealing their walking stick and stealing fried eggs off his breakfast tray.

I’ll choose a chilly July evening when the fireplace in his study is lit, and he’s swathed in layers of woolen scarves and knitted leg warmers.

I’ll be grown, and making my own money – which means his twirled moustance won’t twitch when I stride over to his whisky cabinet and grab the oldest Scotch.

I’ll settle in the wicker chair next to his ageless leather coach. I’ll stare into the fire for a moment, and say nothing.

If you know my old man, his mind will be in a turmoil. No one walks into his study, grabs a whisky – without something important to discuss.

His mind will be on overdrive:

Has this guy finally made a decision to marry some Daughter of Eve?

Has this guy decided decided to demand his share of non-existent inheritance to sell off and travel the world and return like the Prodigal Son in the Bible? I’ll skin him alive.

After an eternity staring into the fire, I’ll remind my old man of our Back-To-School Dance.

This dance began a few days to the opening of schools. It was subtle, and a guest into our home wouldn’t notice – but, it was there, and lethal.

One, it would need me to be on my best behavior. Best behavior is perhaps, an understatement. Let’s roll with exemplary.

If a guest offered me hard-to-come-by pocket money as it was the norm in those days, I’d have to politely decline. I would spend a few sleepless nights after that to get over it.

At the same time, I’d be expected to fully keep them entertained, sometimes,up to,and not limited to actual dancing.

The last week to opening, I’d have to wake up at the crack of dawn to attend milking classes. To be honest, I loved animals – what I didn’t like is leaving warm covers to brave the chilly fog, and the trek to the dairy to make delivery.

All this while, my old man would be keeping tabs.

If this dance went well, father would treat me very well on the back to school day. We’d visit the local supermarket, and I’d have the run of the aisles.

I would have free reign to pick even the ‘luxuries’ – sugar, margarine, roll-ons, scented note books, et al.

On the flipside, it’d be rough.

Father would say: “Umekuwa kichwa ngumu. Enda ufunzwe na ulimwengu”.

That meant shopping is limited to the bare essentials: Bar soap (no toilet soap), tooth paste and shoe polish.

Well, how times have changed.

Present-day kids hardly get to endure the Back-to-School Dance. It’s a straight run to the shop for the essentials.

As it is, it’s advised to go cashless when shopping, partly due to health concerns with handling cash, security and a bit of ease in accountability.

Most shoppers have chosen Co-op Bank as their financial partner for a sound reason. The Co-op Visa card allows flexibility, safety and convenience when shopping.

To pay for Back-to-School shopping with a Co-op Visa card has no extra charge!

It’s as good as paying cash, only safer and more convenient

You can use it to pay for goods and services wherever you see the Visa Sign, and there’s no extra charge – the only deduction is the cost of the item or service you are paying for.

Nothing more.

Co-op Bank partners with Enwealth Financial Services to unroll an ambitious pension-based mortgage scheme

The banker has launched a Pension-backed Mortgage loan facility for members of pension schemes.

The new facility is expected to enable the over 3 million members of pension schemes in Kenya, who otherwise would have found it difficult to raise enough funds to buy a home, to qualify for a mortgage.

In addition, the facility will enjoy an extended repayment period of upto 20 years, subject to the retirement age of the borrower.

The new mortgage is the first such facility in the market, and has been made possible by the recent changes to the law, specifically the Retirement Benefits (Mortgage Loans) Act, Regulations Amendment 2020 that now allows members of pension schemes to utilise up to 40% of their accrued pension benefits as down-payment to buy a home.

This facility is targeted at pension scheme members whose 40% of their pension benefits cannot cover the full cost of buying a house.

In those circumstances, a member will approach the Bank to access a credit facility to cover the difference.

With this facility, a pension scheme member can purchase a developed property anywhere in Kenya with a ready title deed or certificate of lease, provided that the house is a residential property for the members own occupation.

The application can be done by an individual pension scheme member or jointly with a spouse thereby consolidating their pension benefits to access a higher amount.

Speaking during the launch event held at the Co-op Bank Property Hub, the Director Corporate Institutional Banking at Co-op Bank, Mrs. Jacqueline Waithaka, lauded the partnership between Co-op Bank and Enwealth Financial Services that brought about the new home ownership solution, adding:

“This product is a deliberate response by the bank in support of the Governments affordable housing pillar of the Big Four Agenda. We are excited to pioneer this innovation that will enable a wider pool of Kenyans to realize their dream of owning a home.”

Speaking at the launch, the Chief Executive Enwealth Financial Services Mr. Simon Wafubwa said:

“Owning a home and having an adequate income at the point of retirement are most critical pillars for a lifetime of financial well-being and dignity. We are excited to partner with Co-op Bank to make available this innovative home-ownership solution that gives our clients access to affordable mortgages in line with the new Retirement Benefits regulations.”

Additionally, the Chairman of Enwealth Mr. Peter Waiyaki reiterated the need for innovative social security financial products that are responsive to the needs of times as a way of achieving economic resilience, noting:

The pessimist may complain about the wind while the optimist would expect it to change but through strategic synergies, the leader adjusts the sails. This partnership between Enwealth and Co-op Bank seeks to adjust the sails for the mortgage landscape in the country.”

The Avocado Guy: How a fruit incident in high school gave birth to a lifetime nickname!

If you had to pick a fruit as a prop when making a proposal to the love of your life, what would you choose?

It has to be as closest to your personality as can be……

Watermelons define an ambiguous person. Cucumbers, well, someone is cold blooded. A strawberry, that’s a happy-go-lucky soul – always happy. A pine apple, that’s the icy sibling with a short fuse.

In my case, its the Avocado.

The avocado fruit, alias the guacamole, has been the sun around which my life orbits rotate. The seasons, the fall and rise of my tidal fortunes, and misfortunes. Oh, avocado, the poems she deserves.

(All prized objects are classified as a ‘She’, right? – jets, super bikes, yatchs, avocados…)

This fruit must have been rigged out in the stories on the foetal stages of man, cue the Garden of Eden. The apple is too bland.

Otherwise, the survival of college students would be on the apple, but it isn’t. Its the eternal avocado.

I can’t help it, but I cringe everytime I meet a former classmate. The avocado is to blame.

Luckily, most are self-absorbed with the caste questions: What do you do nowadays? They want to know how much respect you deserve.

Occasionally, I meet the loudmouths, the former bullies. I’ve had a fellow whose name I couldn’t place (he was in Form 4S, I was in 4N) bawl my name across an empty banking hall.

Well, not my name exactly, but my high school nick name.

HEY, ZACK WA AVOCADO!

This guy remembers our first day, that the hallowed fruit allowed me to share her name.

It’s a she, we agreed.

The school had a central square on which we naively lined up with our boxes, for check in.

The square commanded a higher ground than the row of classrooms. The senior students spent most of the time making faces at us from the windows.

My turn came, and I popped open the overstuffed metal box.

Alas, and behold, a batch of avocados (a group can be called a batch, right?) tumble out!

Worse still, the fruits tumble the entire length of the raised square, down to the row of classrooms.

I later heard a boy was almost trumpled to death in the mini-stampede as students scrambled for them.

I became The Avocado Guy.

A week later, I receive a letter from my younger brother:

*Bro, hope uli manage kuuza ile Avo coz mi huskia wasee huchukua pocket money ya mono zote…..

I could strangle the little devil!

But he was right – later that night we lost most of our pocket money!

If you have a kid joining high school, anticipate money trouble. The risks of carrying hard cash are a dime a dozen.

An innovative idea by Co-op Bank gives a suitable solution.

The Co-op Prepaid Card is a new revolutionary cashless way to escape the perils of handling hard cash – students can safely carry their pocket money – and there’s no extra charges when shopping at the school canteen.

Another plus is that parents and guardians can remotely monitor their student’s spending habits, amount available and even load the card directly from their phones.

Hey, you don’t even have to be a Co-op Bank client to enjoy the benefits of the Co-op Prepaid Card.

To learn more about the Co-op Prepaid Card, click here.

Alternatively, walk into the nearest Co-op Bank branch to speak to a bank representative.

Avocado, anyone?

Have you got kids in school? Here’s seven great reasons why a Co-op Pre-paid Card is a good idea!

The Co-op Prepaid Card is a new revolutionary cashless way to escape the perils of handling hard cash.

Despite the health risks cash brings, there’s also a myriad of other risks: loss due to theft or misplacement, it’s harder to account for or track expenses, et al.

For students going back to school, the risks are doubled. This card solves the perennial stress of constantly worrying about your kids in college and high school.

The pickle in the pie is that one doesn’t require to be a Co-op Bank client to enjoy the benefits of the Pre-paid card.

Whichever your choice of bank is, all one has to do is walk into the nearest Co-op Bank branch and sign up for the card, and your child’s needs are handled.

What are the benefits of a Co-op Bank Prepaid card?

  • No need for your child to carry loads of pocket money as they head to school, you can simply load it in the Co-op Prepaid card which is safer than carrying cash..
  • The student will be able to pay for items at their school canteens at No Extra cost.
  • Parents will be able to track their students sending by getting a Mini statement of the card at a Co-op Kwa Jirani agent or via SMS alerts
  • You no longer need to travel all the way to the school to hand over money to your child, you can simply load the card at any Co-op Kwa Jirani agent..
  • The students are also able to withdraw money using the card from any Co-op ATMs or Co-op Kwa Jirani agents outside school.
  • You don’t need an account witph Co-op bank to enjoy the benefits of the card
  • No extra charges will be incurred in transactions using the card.

Visit the nearest Co-op Bank branch to learn more about the Prepaid card, or, click here.

Why do men patronize the car wash as the ladies stick to the hair salons?

The car wash with an outdoor sitting set up is the modern masculine version of the ladies’ favorite hang out spot, the salon.

This brings to light the fundamental difference between the genders is that Sons of Adam easily compartmentalise their issues, unlike the ladies.

Ladies want a safe space to talk about their issues – love life, mother-in-law tribulations, kids….

Gentlemen want a safe space to think and worship their objects of desire.

That’s the reason the salon has the chatter reputation and energy of a busy newsroom. On the other hand, the car wash is largely cool.

A man parks in line, joins a gang on a table outdoors, asks for a drink. He’ll sit facing the cars getting the spray on the ramp.

A man makes new acquaintances at the car wash, valuable networking. But, first, usually by expressing adoration for some funky ride. Random questions will tumble out.

“Who does your paint work, man? He’s good”

“That scratch on the rear door? The kid from next door?” They’ll laugh a little.

“I don’t care if it costs me a kidney, but I’ll have to get that new Subaru Forester…..how long have you had it?”

Men won’t talk about their mothers-in-laws. Or, their demanding spouses. Or, the dishonest farm hand. They are not here for therapy.

The talk lingers on engine ratings, shocking petrol prices, conniving mechanics, and the hottest graffiti artist in town.

The biggest deal as an hang out spot is the networking angle. All sort of professionals will be trading banter here – lawyers, journalists, insurance agents, medics, street artists, name it.

It’s a blessing to own a ride, and besides the major opportunities it affords one – there’s lots of other benefits when you join the motoring fraternity.

What’s more there’s now an easy way to acquire a brand new moti…..

There’s a friendly financing partnership from Co-op Bank, after a groundbreaking partnership with World Navi – global leaders in vehicle acquisition and importation.

The campaign is dubbed Shika Dinga na Co-op, and here’s some of the perks attached:

  • 80% asset financing.
  • Access to high-end vehicles.
  • 100% safe & reliable vehicle importation to your doorstep.
  • 3 months warranty on engine & transmission.
  • A privilege of choosing from a wide choice of cars from various source countries.
  • All cars come with accident-free and genuine mileage certificates.
  • No risk of stolen parts or non-performance.

This is a chance to bring good tidings to your life and family. To learn more of the Shika Dinga na Co-op Campaign, click here.

IFC partners with Co-op Bank and Phillips to help African Healthcare providers access essential medical equipment

IFC, a member of the World Bank Group, today launched a partnership with Philips and Co-op Bank to help smaller businesses in Africa’s health sector purchase essential medical equipment and strengthen their response to COVID-19.

The partnerships are the first under the IFC-led Africa Medical Equipment Facility, designed to provide risk-sharing facilities to help small businesses access up to $300 million in loans and leases.

A local dispensary in rural Kilifi, Kenyan coast (file image)

Through the facility, IFC is partnering with medical equipment manufacturers and local financial institutions to support healthcare providers in East & Central Africa.

The loan size to smaller healthcare providers -which serve more than half of Africa’s population, including low-income patients – is expected to range from $5,000 to $2 million, to help them lease or purchase equipment.

Currently, most smaller healthcare operators in Africa cannot secure bank loans due to their perceived high investment risks, meaning they can’t afford medical equipment, renovations, or to recruit qualified personnel.

“Many smaller healthcare businesses in Africa don’t have the equipment they need to respond to COVID-19 and deliver other vital services,” said Makhtar Diop, IFC’s Managing Director.

Unlocking access to finance can save lives now and will, in the long term, strengthen healthcare systems across the continent.”

Supported by the International Development Association Private Sector Window (IDA-PSW) Blended Finance Facility and the Global Financing Facility for Women, Children and Adolescents (GFF), the facility falls under IFC’s Global Health Platform, which was launched to help developing countries fight the coronavirus pandemic and increase their healthcare systems’ resilience.

“Lack of access to affordable quality healthcare is one of the most pressing issues of our time,” said Winfried Jansen, Health Systems Leader, Philips Africa.

“Philips aims to contribute substantially to improving healthcare in Africa through innovative solutions that are tailored to local needs. Many clinics on the continent would like to invest in new medical technology but find it difficult to obtain the necessary finance. Together with Philips Capital and through this partnership with IFC we are enabling healthcare facilities to make quality healthcare available to a large group of people.”

IFC expects to expand the Africa Medical Equipment Facility to more countries and invites interested financial institutions and equipment manufacturers to contact IFC to explore partnerships