The opening of Credit Bank’s regional branch in Eldoret brings the number of new investors-putting monies in the North Rift capital-to three, in just a span of one month.
A cocktail of incentives including good political will and investor-friendly policies by the County Government puts icing on the cake which has led to an influx of investors into the region.
Safaricom call centre, Toyota’s Kenya’s biggest multi-brand facility and now Credit Bank are some of the investors that Uasin Gishu has realized in just a month.
Speaking as he commissioned the Eldoret branch, Governor Jackson Mandago EGH, assured of his government’s support to investors.
The Governor also asked the bank to consider widening their presence to the rest of North Rift Economic Bloc as counties have several financial empowerment programs for women and youth.
“…consider opening branches in Noreb member counties as a way to support economic growth and at the same time partner for success of programs rolled out by county governments,” said Mandago.
He also called on banks to introduce and strengthen products that target Small Medium Enterprises (SMEs) as the sector claims a larger portion of economic growth.
“Counties have challenges with youth unemployment. We are however alive to the fact they just need support for their innovation to advance and expand their small businesses,” he adds.
“These youth also need financial guidance even as we continue to empower them through AGPO and financing their cooperatives, it is crucial for (banks) to offer financial advise.” Added the Noreb chair.
Nandi County Assembly speaker, Joshua Kiptoo, said Edoret is the economic hub of North Rift and investments into the region are welcomed.
The bank’s CEO Mrs Betty Korir said the Eldoret branch is their 17th year in the country. She said the lender largely identifies with small enterprises.