FEATURED STORY

Kenyan Entrepreneurs to Benefit From WorldRemit Program

Share
A WorldRemit user viewing the app on their phone
A WorldRemit user viewing the app on their phone
Share

Kenya is one of four African countries where digital money transfer service WorldRemit has rolled out an entrepreneurship empowerment program.

The program will see 50 business owners receive a business booster pack and access to a digital skills training course.

The WorldRemit Entrepreneurs Program was launched in Kenya, Nigeria, Ghana and Zimbabwe.

The digital training course was developed and will be delivered in collaboration with The Nest, a Pan-African tech incubation hub.

The program will run from November until the end of January 2020, with the goal of empowering entrepreneurs with tools and skills to scale and effectively run their businesses.

WorldRemit Regional Head Sharon Kinyanjui

In a statement, WorldRemit observed that the program was geared to supporting small businesses which have suffered the economic shocks of the global Covid-19 pandemic.

READ>>>>>Polycarp Igathe: How Entrepreneurs Can Thrive in Covid-19 Era

“Since the outbreak of Covid-19 across Africa, the continent has experienced a significant setback with the businesses of many entrepreneurs taking a hit. These entrepreneurs control the Micro, Small, and Medium Enterprises (MSMEs) landscape, that have made significant contributions to the growth of the African economy especially through the creation of jobs.

“Today, WorldRemit is kickstarting this significant investment to support and empower these small businesses to grow their businesses,” the company noted.

200 lucky WorldRemit customers will get the chance to nominate entrepreneurs to take part in the program.

Sending a minimum of £50(Ksh7,212) to Nigeria, Ghana, Kenya, or Zimbabwe between 2nd November and 31st December will enter customers into a draw. One transaction equals one entry.

100 winners will be drawn in November, and 100 more drawn in December. If your name is drawn, you’ll be able to nominate an entrepreneur in Nigeria, Ghana, Kenya, or Zimbabwe.

Referencing the growth of WorldRemit to become a leader in global digital payments,  Sharon Karuga Kinyanjui, Head of East & Central Africa at WorldRemit, noted that it was testament to the importance of supporting entrepreneurs.

Backed by Accel, TCV and Leapfrog, WorldRemit sends from 50 to 150 countries and employs 1,100 people globally.

“We believe that entrepreneurs are critical to the growth of our economies, and as a business, we have a  responsibility to support them through initiatives like this, especially during these unprecedented times.

“WorldRemit is a great success today because of the resilience and the support our entrepreneur founders received. We want to see other entrepreneurs experience the same level of success and beyond, because we know that when they do succeed, it has a ripple effect that will see the African continent succeed too,” Kinyanjui noted.

READ>>>>>Co-op Bank, WorldRemit partner for digital money transfers

Written by
MARTIN SIELE -

Martin K.N Siele is the Content Lead at Business Today. He is also a Quartz contributor and a 2021 Baraza Media Lab-Fringe Graph Data Storytelling Fellow. Passionate about digital media, sports and entertainment, Siele also founded Loud.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Standard Chartered Bank Kenya
BUSINESSFEATURED STORYNEWS

Standard Chartered Bank Kenya in C-Suite Changes After Profit Drop Alert

Standard Chartered Bank Kenya(SCBK) Limited, the first lender in Kenya to deploy...

CBK headquarters in Nairobi
BUSINESSECONOMYFEATURED STORYNEWS

Central Bank of Kenya Opens KSh15Bn Bond Switch Auction Offer

Central Bank of Kenya (CBK) has opened a KSh 15 billion bond...

From left, Invest Kenya CEO John Mwendwa, PS Investments, Abubakar Hassan Abubakar, Delmonte MD, Wayne Cook and IQF Manager, Japheth Maingi look on as Annastacia Wavinya explain the pineapple canning process at the Delmonte Canning line
BUSINESSECONOMYFEATURED STORYNEWSTECHNOLOGY

Del Monte Kenya Boosts Export Capacity with $4m Fruit Processor

Del Monte Kenya Limited, a leading fruits and vegetables processor, has set...

A tea picker on a farm.
FEATURED STORY

Limuru Tea Plc Issues a Profit Drop Alert

Limuru Tea Plc, a listed firm in the agricultural segment of the...