April 4, 2008
By Mzwandile Jacks
Source: Business Report
Johannesburg - The AltX-listed micro financier, Blue Financial Services, had resumed its operations in Kenya and planned to increase its investments in the country from R15 million to an undisclosed amount, the company said yesterday.
Dave van Niekerk, the chief executive of Blue, said that the money would be used to expand the company's reach in the east African country.The announcement came shortly after Van Niekerk had a meeting with Raila Odinga, Kenya's prime minister-designate, who insisted that micro finance was very important in Kenya because there were a number of small businesses that needed capital."We are ramping up Blue's investment and product offerings in that country," said Van Niekerk. "Kenya has always been a significant investment opportunity for us and will definitely form part of an initial R80 million we have earmarked for investment in the east African region." read more at
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