World MSME Day: Ruto urges banks to lend more

President William Ruto has called on the banking sector to lend more to the medium, small, and micro enterprises to enable them play a bigger role in national development. The President said despite contributing to 40 per cent of the country’s economy, majority of small busines..

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President William Ruto has urged Kenyan banks to increase lending to Medium, Small, and Micro Enterprises (MSMEs), emphasizing their critical role in national development.

President Ruto highlighted a financing gap of KSh3 trillion for the MSME sector, despite its 40 per cent contribution to the economy.
Key figures including President William Ruto, CS Wycliffe Oparanya, and UN Resident Coordinator Garry Conille attended the World MSME Day celebrations in Nairobi.
The government has disbursed KSh90 billion through the Hustler Fund and delisted over eight million Kenyans from the Credit Reference Bureau (CRB) to improve access to finance.