Banks race to counties as SME financing demand surges

Growing agribusiness and small-scale trade in central Kenya are fueling new demand for financial services as farmers and entrepreneurs seek easier access to credit...
✨ Key Highlights
Sidian Bank has opened its 49th branch in Ol Kalou, Nyandarua County, to meet the growing demand for financial services among farmers and small businesses in Central Kenya. This move signifies a broader trend of banks expanding beyond Nairobi to cater to emerging economic hubs in rural areas.
- Most important fact or figure from the article: Sidian Bank reported a post-tax profit of Sh 1.01 billion for the first half of 2025.
- Key person or organization involved: Chege Thumbi, CEO of Sidian Bank; Moses Kiarie Ndirangu, Nyandarua Governor.
- Notable detail that adds context: Mid-tier lenders are increasingly targeting counties in the Mt. Kenya region, combining branch networks with digital platforms to reach underserved markets.
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