MSMEs Stories
The five-year Sh7.1 billion initiative was designed to fill financing gaps in the MSME sector, gaps that widened during the Covid-19 pandemic.
The CS said the initiative was intended to provide affordable loans to the informal sector, which he described as “the backbone of Kenya’s economy.”
Looking ahead, businesses showed a greater level of optimism towards future output for the third consecutive month in August, which took overall senti...
CoB Margaret Nyakang’o said the unpaid bills are causing “liquidity challenges, potential business closures, job losses, and increased government expe...
Entrepreneurs are now urging the government to step in by reducing licensing fees and easing the cost of raw materials, which they believe would help...
Oparanya explained that the last MSME census was conducted in 2016 and stressed the urgent need for updated information to guide government interventi...
The latest Country Economic Transformation Outlook report by the state owned research firm, Kenya Institute for Public Policy Research and Analysis (K...
Mudavadi emphasised that cooperatives offer a more stable and inclusive financial model, capable of anchoring Kenya’s economy on local capital, partic...
The CS said farmers are the ones who continue to suffer as deductions are made on their earnings while corrupt officials benefit, weakening efforts to...
Fringe benefits tax applies to employees, directors, or their relatives who receive welfare perks such as low-interest loans from their employers. The...
Reaffirming the government’s commitment to digital growth, the PS highlighted the Digital Superhighway project, which aims to lay 100,000 kilometres o...
The data shows that interest income from MSME loans increased from Sh79.1 billion in 2022 to Sh91.8 billion in 2024, marking a 16 per cent jump.
These losses, driven by unremitted deductions, liquidity issues, and failure to meet required financial standards, are threatening the stability of th...
According to the Auditor General’s report, of the Sh22.96 billion allocated to the Hustler Fund in the 2022/2023 budget, only Sh12 billion was spent.
CS Oparanya directed that all cooperative societies, including unions, national cooperative organisations, and apex cooperatives, must file their annu...
The chairperson of the National Assembly’s Committee on Trade, Industry and Cooperatives Bernard Shinali demanded a proper explanation from the PS, qu...
Developing countries encourage far less innovation as firms and governments appear to be leaving billions of dollars on the table in forgone productiv...
The traders, said numerous licenses were a burden to the traders and were a major obstacle to economic growth.
Kenyan SMEs were urged to brace for impact and rethink strategy amid the prevailing tariff wars.
KRA has noted that while some small businesses have registered for PINs, many do not fulfil their tax obligations, with some filing nil returns despit...
The ministerial branding agency, KEPROBA, in a statement, said that the inaugural graduates of the Diploma in International Trade will equip Kenya's...
Kenya Kwanza had pledged to set aside Sh50 billion annually for the Hustler Fund, but allocated only Sh20 billion to the fund in its first budget.
The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.
MPs accused banks of abandoning their role in supporting start-ups and small businesses in favour of the lucrative but less impactful investments in g...
Under the deal, Kenya would also benefit from other provisions that consider its development needs such as special safeguards for agriculture, measure...
According to data from the Central Bank of Kenya (CBK), this surge is the highest since June 2017, when the CBK began fully disclosing import figures.
Of this amount, the fund targets to raise $240 million (Sh31 billion) from domestic institutional investors and the rest from foreign investors.
Cooperatives CS Wycliffe Oparanya noted that this year's theme aligns closely with Kenya’s "Buy Kenya, Build Kenya" agenda.
President William Ruto said the figure represented an increase of about Sh75 billion.
The annual EAC MSME Trade Fair rotates among East African Community partner states.
