MSMEs Stories

Hustler Fund disbursements fall sharply as govt struggles with loan recoveries
Lucy Mumbi  |  Jan 05, 2025

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.

State's high domestic borrowing draining credit for private sector – World Bank
Lucy Mumbi  |  Dec 10, 2024

The report emphasised the urgency of accelerating structural reforms, particularly in light of Kenya’s fiscal constraints.

MPs slam banks for focusing on bonds while Kenyan MSMEs struggle
Maureen Kinyanjui  |  Nov 28, 2024

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...

Strategic deal with SMEs to cement Kenya-Europe trade agreement
Alfred Onyango  |  Nov 22, 2024

Under the deal, Kenya would also benefit from other provisions that consider its development needs such as special safeguards for agriculture, measure...

State agencies' imports hit record high of Sh89 billion
Maureen Kinyanjui  |  Nov 13, 2024

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.

UK launches Sh672 million support fund for Kenyan SMEs
Alfred Onyango  |  Nov 05, 2024

Of this amount, the fund targets to raise $240 million (Sh31 billion) from domestic institutional investors and the rest from foreign investors.

CS Oparanya champions regional trade at EAC MSMEs fair in South Sudan
John Mbati  |  Oct 30, 2024

Cooperatives CS Wycliffe Oparanya noted that this year's theme aligns closely with Kenya’s "Buy Kenya, Build Kenya" agenda.

CBK says banks gave Sh783 billion in loans to Kenyan SMEs in 2023
Maureen Kinyanjui  |  Oct 16, 2024

President William Ruto said the figure represented an increase of about Sh75 billion.

CS Oparanya urges Kenyan MSMEs to seize opportunities at EAC Trade Fair in Juba
John Mbati  |  Oct 08, 2024

The annual EAC MSME Trade Fair rotates among East African Community partner states.

Businesses record decline in sales in Q2 - survey
Alfred Onyango  |  Jul 30, 2024

In terms of sectors, clothing/apparel stores, restaurant/bars & leisure outlets, and retail stores all saw improvements in the period under review.

Over 80 per cent of Kenyan SMEs lack access to credit - survey
Alfred Onyango  |  Jul 11, 2024

According to the latest SME intelligence report by the African market intelligence firm Stears, only 16 per cent of the about 7.4 million SMEs in the...

Flood crisis: Report reveals extensive damage to SMEs, urges gov't action
Lucy Mumbi  |  May 09, 2024

To mitigate the aftermath and prevent future catastrophes on businesses, Viffa Consult has urged the government to establish a disaster support fund f...

New waste management initiative unveiled to support SME's
Lucy Mumbi  |  Feb 17, 2024

Business consulting, technical assistance, coaching, and financing will be provided to help bring new business models that adopt circular economy conc...

State to install milk coolers across all wards to boost Kenya's dairy production
Amina Wako  |  Jan 22, 2024

Plans are underway to establish a Sh3 billion milk price-stabilising fund, implemented by the New KCC.

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