KIE, Sidian Bank sign MOU to enhance access to commercial finance for MSMEs

Kenya Industrial Estates (KIE) and Sidian Bank have partnered to improve access to commercial financing for manufacturing and value-addition enterprises in a move expected to create a clearer transition for businesses graduating from development support to conventional banking...

✨ Key Highlights

Kenya Industrial Estates (KIE) and Sidian Bank have signed a Memorandum of Understanding (MoU) to enhance access to commercial finance for micro, small, and medium enterprises (MSMEs).

The partnership aims to bridge the financing gap for businesses graduating from development support to conventional banking.
Key organizations involved are KIE and Sidian Bank, with the MoU witnessed by Principal Secretary, State Department for MSME Development, Susan Auma Mang’eni, CBS.
This collaboration will facilitate access to various commercial banking products, including working capital, asset and trade finance, and digital payment solutions.