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Originally published by Capital Businessbusiness
July 27, 2026
1h ago
Pending state bills push SMEs to alternative financing
According to data from the Controller of Budget, outstanding public pending bills stood at Sh465.87 billion as of March 2026. This was a 10.5 percent increment from Sh421.6 billion recorded in March 2025...
✨ Key Highlights
Kenyan SMEs are increasingly turning to alternative financing like structured trade finance to navigate a severe liquidity crunch caused by escalating unpaid government pending bills.
- Outstanding public pending bills reached a record high of Sh465.87 billion as of March 2026.
- Faulu Microfinance Bank, an Old Mutual-backed institution, is expanding its trade finance offerings to support these affected businesses.
- The bank utilizes mitigated credit strategies such as LPO and invoice financing to provide crucial cash advances to SMEs struggling with delayed payments from government entities.
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