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Boost to SMEs as Faulu Bank opens new Branch in Nakuru

The Bank will offer customers a full array of financial services that include Banking, Investment, Savings and Insurance with special reference to Community, Retail, MSME, Institutional Banking segments

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The main entrance to the new Faulu Bank Branch in Nakuru.PHOTO/Pristone Mambili.

Faulu Microfinance Bank, a subsidiary of The UAP Old Mutual Group in East Africa has opened a new Branch in Nakuru’s CBD.

The opening of the new branch in Nakuru’s CBD at CK Patel Building is a major boost to Small and Medium Enterprises (SMEs) in the county.

Nakuru Governor Lee Kinyanjui and officials from Faulu Bank during the opening of the Nakuru Branch.PHOTO/Pristone Mambili.

The Bank prides in enabling Kenyans realize their dreams, by listening and empowering the community with relevant products and services.

Speaking on Friday during the official opening of the new Nakuru Branch, Managing Director Apollo Njoroge stated the move was prompted by the fact that Nakuru is growing into a business zone.

The Bank will offer customers a full array of financial services that include Banking, Investment, Savings and Insurance with special reference to Community, Retail, MSME, Institutional Banking segments

Faulu opened it’s doors in 2002 and is spread across the country with 56 branches currently.

“The location in Nakuru CBD is key. We believe this will be the top three branches in the country. This is a place for us to be.In 2019,we commenced expansion with new branches and Nakuru City creates an environment for people to do businesses.

Njoroge added that the coming of the new Branch in Nakuru is key as it will offer job opportunities for the people in Nakuru.

Whikle noting that plans are on to ensure Faulu grows as a strong traders and SMEs’ Bank and develop a saving culture, the MD pointed out the importance of the Insurance component.

“Insurance component is key in achieving success and as a Bank we are taking that serious” he said.

Board Chairman George Maina on his part revealed that the Bank has been able to support over 2.5 million clients in communities.

He called for a need for continued partnership with the county government of Nakuru so that many people can be reached and supported to grow financially.

Nakuru Governor Lee Kinyanjui who graced the event reiterated the importance of SMEs in the growth of economy.

Kinyanjui was categorical that Nakuru County has continued to recognize the role played by the same and Nakuru being a financial hub for even neighbouring counties.

The county boss challenged the banking sector to also come up with programs that will help businesses that might have collapsed due to the harsh economic times occasioned by COVID-19.

“We have a very good vibrant SME support system in Nakuru. As Faulu comes in, it is a boost.Nakuru us a financial hub for the region beyond Nakuru itself since we have Baringo, Nyandarua,Narok, Laikipia etcI challenge the larger Banking sector to come in and support our businesses that have faced harsh times during COVID-19 pandemic”  said Kinyanjui.

 

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Nakuru Town West

MP Arama sounds stern warning to dayschool heads over extra costs

Arama who was speaking at NG-CDF office on Thursday during issuance of bursary cheques worth Ksh.20 million for needy students, said he will take up the matter with relevant ministry.

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Nakuru Town West MP Samuel Arama addressing journalists after issuance of bursary cheques.PHOTO/Pristone Mambili.

Nakuru Town West MP Samuel Arama has hit out at section of Day School heads for charging parents extra costs.

The furious Arama said this was uncalled for and those doing so were contravening the government policy on free secondary education.

He revealed that some day schools were forcing parents to pay extra money and interfering with the 100 percent transition.

The second term MP was categorical that dayschool secondary education is free and no parent should be forced to pay extra fee.

According to him,the feeding program for students in Day Schools should be an agreement between parents and school and should not be used to keep students out of School.

Arama who was speaking at NG-CDF office on Thursday during issuance of bursary cheques worth Ksh.20 million for needy students, said he will take up the matter with relevant ministry.

He added that if action will not be taken,then he will lobby parents and assess situation in schools where complaints have been raised.

“As far as I am concerned and as far as Jubilee administration is concerned Education in secondary Day Schools is free.Its against the law for school heads to demand extra money in the name of lunch.I will personally deal with this in Parliament” said Arama.

He added that the government will not condone such acts from school heads whom he insisted had no authority at the moment to send away students.

The Jubilee Legislator maintained that that he will work closely with administrators to ensure full transition to secondary.

He called for dialogue with the ministry of education officials whenever a school is in crisis instead of sending learners away.

“We want to ensure all children are in school as per government policy” said Arama.

 

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Njoro

Egerton University student commits suicide over suspected depression

Confirming the incident,Njoro Sub county police commander Jonathan Kisaka said the deceased had tried several times to take his life before the Sunday incident.

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Suicide.PHOTO/Courtesy.

A 23-year-old Egerton University student on Sunday committed suicide over suspected depression.

Confirming the incident, Njoro Sub-county police commander Jonathan Kisaka said the deceased had tried several times to take his life before the Sunday incident.

The officer noted that the deceased identified as Edward Chege was living in a rental house just a few meters from the main campus.

“Yesterday we received a report of a suicide incident. The student might have been depressed for he had severally tried to take his life” he said.

The body of the deceased was taken to Egerton University Mortuary awaiting postmortem.

Mr Kisaka called on youths to share their problems with counsellors to avert such incidents.

“Depression is real and people should seek help,” he said.

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Nakuru

Kinyanjui calls on Tuju,Murathe to resign over Jubilee party’s predicaments

Kinyanjui who was elected on Jubilee party ticket and serving his first term said there is need for the party to b revived through new faces that can take it to the next level.

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Nakuru Governor Lee Kinyanjui at a past function.PHOTO/NGPU.

Nakuru Governor Lee Kinyanjui has slammed Jubilee party Secretary General Raphael Tuju and Vice Chair David Murathe over predicaments facing the party.

Addressing a press conference in on Friday,the furious Kinyanjui said time is now that the two quit for failing.

He added that as leaders elected on Jubilee ticket,they will not sit and watch the duo destroy the party.

“We have lost confidence in their leadership.Both Tuju and Murathe their days in Jubilee are numbered.The Party belongs to the people,we are the ones who were elected and stake is with us.We will not watch as the party is destroyed by afew people” said Kinyanjui.

Kinyanjui who was elected on Jubilee party ticket and serving his first term said there is need for the party to b revived through new faces that can take it to the next level.

Jubilee party has in the recent days faced wrangles with a aecrsec of legislators now subscribing to United Democratic Alliance associated with Deputy President William Ruto.

Former Majority leader Aden Duale afew days ago declared Jubilee party as structurally dead and that UDA was the party to watch in the 2022 polls.

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