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Originally published by Capital News
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June 27, 2026
4h ago

President Ruto Challenges Banks to Support Youth and Small Enterprises

President Ruto Challenges Banks to Support Youth and Small Enterprises

President Ruto said small businesses contribute nearly 40 per cent of Kenya’s economy but continue to face limited access to financing...

✨ Key Highlights

President William Ruto has urged Kenya's banking sector to boost lending to micro, small and medium enterprises (MSMEs), highlighting their crucial role in the economy despite facing funding challenges.

  • MSMEs contribute nearly 40 per cent of Kenya’s economy but face an estimated KSh3 trillion financing gap.
  • President Ruto challenged banks to develop innovative solutions, drawing inspiration from Bangladesh's Grameen Bank.
  • The government has disbursed KSh90 billion through the Hustler Fund and helped over eight million Kenyans delisted from the Credit Reference Bureau (CRB).

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