EBC warns Kenya’s Ksh995.7B domestic borrowing plan could tighten credit for small businesses

EBC warns Kenya’s Ksh 995.7 billion domestic borrowing plan could push banks towards government securities, tightening credit terms for small businesses. The brokerage says increased demand for government debt may lead to stricter collateral requirements, shorter repayment periods and reduced lending flexibility for MSMEs. Despite private sector credit growth, EBC cautions that smaller businesses may…

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President William Ruto during the World MSME Day celebrations at the KICC-Photo-Courtesy

President Ruto urges banks to boost MSME lending

President William Ruto has called on commercial banks to expand credit access for micro, small, and medium enterprises (MSMEs), warning that limited financing continues to stifle growth in one of Kenya’s most vital economic sectors. Speaking at the World MSME Day celebrations held at the Kenyatta International Convention Centre (KICC) in Nairobi, the President emphasized…

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