PS for MSMEs Susan Mang’eni and Head of Regional Office for Eastern Africa at the European Investment Bank (EIB), Edward Claessen, after talks on expanding affordable credit access for Kenyan MSMEs. PHOTO| Courtesy

EIB, MSEA explore affordable credit access for Kenyan MSMEs

Government explores new ways to improve MSME financing Talks focus on making credit more affordable for businesses Stakeholders seek financing options that support business growth Kenyan Micro, Small and Medium Enterprises (MSMEs) could gain greater access to affordable credit following talks between the Micro and Small Enterprises Authority (MSEA) and the European Investment Bank (EIB)…

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Stars Beatrice Chebet (center) and Faith Kipyegon (right) celebrate holding the national flag, alongside 800m runner Lilian Odira (left) PHOTO| courtesy

Nairobi’s 2029 Athletics Championships to boost MSMEs

Nairobi’s 2029 athletics event is expected to create new business opportunities MSMEs are being urged to prepare for increased demand The championships could open doors for tourism and job creation Kenya is set to benefit from increased business and employment opportunities after Nairobi was selected to host the 2029 World Athletics Championships, Cooperatives and MSMEs…

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PS State Department For MSMEs Development Susan Mang'eni speaking during a meeting with stakeholders PHOTO| Courtesy

Stakeholders push for reform of MSME financing ecosystem

Stakeholders want financing solutions tailored to different MSME needs The forum examined ways to reduce lending risks and widen access to capital Recommendations will shape upcoming discussions on MSME financing and growth Stakeholders have called for a re-engineering of Kenya’s Micro, Small and Medium Enterprises (MSMEs) financing ecosystem to increase access to capital, reduce investment…

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Kisumu Governor Anyang’ Nyong’o (4th from left) and partners hold the signed policy documents during the launch of the county’s new economic policies. PHOTO| Fredrick Odiero

Nyong’o unveils three policies to boost Kisumu economy

Kisumu has unveiled new measures to support local businesses. The policies target traders, MSMEs and cooperatives. Officials now face the task of turning the plans into action. Kisumu County Governor Anyang’ Nyong’o has unveiled three transformative policies aimed at empowering informal traders, scaling up Micro, Small and Medium Enterprises (MSMEs) and modernising the local economy…

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PS State Department For Micro,Small and Medium Enterprises Development, Susan Mang'eni handing over salon equipment to residents of Bonchari Constituency. PHOTO| courtesy

MSEA hands 92 Bonchari groups machinery to boost trade

MSEA has given machinery to 92 Bonchari groups. The equipment will support value addition, jobs and enterprise growth. Ksh155.3 million has reached 6,212 Kisii youth through NYOTA. Ninety-two groups and associations registered with the Micro and Small Enterprises Authority (MSEA) in Bonchari Constituency, Kisii County, have received common-user machinery to enhance productivity, promote value addition…

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Susan Mang’eni, PS for the State Department for MSME Development, speaks during the business empowerment event at Malava Primary School in Kakamega County. PHOTO| Courtesy

Over 100 groups in Malava get State business boost

Over 100 Malava groups received government business support. MSEA groups got equipment while Uwezo Fund groups received cheques. The programme targets jobs, business growth and better livelihoods. More than 100 groups in Malava have received government support to expand their businesses, in a move aimed at boosting production, creating jobs and improving livelihoods. The beneficiaries…

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Deputy President Kithure Kindiki speaks during a meeting on the rollout of the Kenya Jobs for Economic Transformation (KJET) programme in Nairobi. PHOTO| Courtesy

Kindiki unveils Sh500m grants for small businesses

KJET to issue Ksh500 million in non refundable grants to small businesses. First phase targets businesses needing up to Ksh5 million in capital. Grants will support enterprises across key value chains nationwide. The government is set to roll out millions of shillings in non-refundable grants to thousands of micro and small businesses across the country,…

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Richard Muteti OGW, HSC, Chief Executive Officer of CMSEO EA. PHOTO| Courtesy

Regional body urges calm amid Kenya foreign trader crackdown

Regional trade body urges foreign traders to remain calm. CMSEO EA says the directive targets undocumented businesses, not lawful traders. Traders are urged to keep immigration and business documents in order. Nairobi’s small business scene has been on edge lately, and now a regional trade body wants to bring the temperature down. The Confederation of…

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Women entrepreneurs follow proceedings during an engagement forum on inclusive entrepreneurship for women living with disabilities in Murang'a County. Photo/Courtesy

MSEA, TechnoServe boost women entrepreneurs in Murang’a

Women with disabilities gain new business support in Murang’a. Forum connects entrepreneurs to markets, finance and mentorship. MSEA and TechnoServe push for more inclusive entrepreneurship. The Micro and Small Enterprises Authority (MSEA) Murang’a County Office has partnered with TechnoServe to host an engagement forum promoting inclusive entrepreneurship for women living with disabilities. The forum brought…

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Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development CS Wycliffe Oparanya. Photo/courtesy

Oparanya urges small traders to join Saccos for affordable credit

Oparanya urges small traders to join Saccos for affordable loans. CS warns against risks of informal savings groups and lenders. Traders are also encouraged to embrace digital financial services. Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs), Wycliffe Oparanya, has urged small business owners to join Savings and Credit Cooperative Organisations (Saccos)…

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