MOMBASA COUNTY INTRODUCES RIBA-FREE STAWISHA FUND TO EMPOWER SMALL TRADERS

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The County Government of Mombasa has launched the Stawisha Revolving Fund , a new financing initiative aimed at empowering small traders and micro-business owners across the county through riba-free, interest-free loans . The programme seeks to provide an alternative source of affordable business capital for residents who want to start, expand or strengthen their small businesses without taking conventional interest-bearing loans. Biashara Mtaani Loan Offers Up to KSh 15,000 The first phase of the Mombasa County Revolving Fund is the Biashara Mtaani programme. Under this phase, eligible applicants can access an interest-free loan of between KSh 8,000 and KSh 15,000 to support their micro-business activities. The financing is intended to benefit a wide range of small-scale traders, including young people, women, marginalised communities and other eligible micro-business operators . Among the businesses targeted include: Mama Karanga and roasted groundnut sellers ...
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NEWS | Malaysian Navy Helicopters Collide, 10 Reported Dead

NEWS | Malaysian Navy Helicopters Collide, 10 Reported Dead






Two (2) Malaysian navy helicopters collided in the mid-air during a naval parade rehearsal on Tuesday. It killed all 10 crew members aboard, the Malaysian navy said in a statement. The incident occurred at the Lumut naval base in the western state of Perak at around 9:32 am (0132 GMT).


“All victims were confirmed dead at the scene and sent to Lumut naval base military hospital for identification,” the navy reported. In a video circulating on local media showed several helicopters flying information, when one of the chopper's rotor clipped another before both choppers crashed into the ground. Local police confirmed the footages were genuine.


The navy said it would carry out an investigation into the cause of the accident. Defence Minister Mohamed Khaled Nordin said the aircraft – a maritime operations helicopter and a Fennec military chopper – were rehearsing for a parade celebrating the 90th anniversary of the Royal Malaysian Navy, due to be held on Saturday.

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