The State-backed scheme has been running as a pilot since 2020 and had advanced Sh6.18 billion to 4,078 MSMEs as of the end of December 2023. The exchequer says spinning out the entity into a company will ensure the improved operation of the guarantee scheme. “The scheme as currently...
Kenya’s GDP expanded by 4.6 percent in the second quarter of this year, down from 5.6 percent in the corresponding period in 2023, partly reflecting difficulties faced by businesses and households to access credit in a high-interest rate environment. Annualised private sector credit growth fel...
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