Browsing: Kenyan MSMEs

KCB Bank Kenya and the Kenya National Chamber of Commerce and Industries (KNCCI) Mombasa Chapter have signed a partnership to accelerate the provision of credit to enterprises.

In a statement, the partners say the deal will see micro, small, and medium-sized enterprises (MSMEs) access financial and non-financial solutions to help them recover from the fallout occasioned by the Covid-19 pandemic.

KCB Bank Acting Director of Retail Banking Michael Kungu said the partnership will enable MSMEs greater access to financing, helping them to improve their livelihoods while contributing to the country’s recovery from the pandemic.

“We are excited about this partnership with the Mombasa Chapter, it enables us to open a path for more credit to the Small and Medium-Sized entrepreneurs,” he said in Mombasa during the sign off ceremony.

Beyond the credit line, members of the KNCCI Mombasa chapter will also access non-financial solutions including advisory, networking opportunities, training, and …

The Kenya Private Sector Alliance (KEPSA) says its Booster Program targeting 2000 Micro, Small and Medium sized enterprises (MSMES) has surpassed the set target with over 2,500 MSMES receiving training on various issues.

Launched on launched on 25th February 2021, the training covered Introduction to e-commerce, digital marketing, aftersales, content creation & management.

KEPSA says 1300 businesses were on-boarded onto various ecommerce marketplaces to increase and diversify their revenue streams hampered by the Covid-19 pandemic.

The MSMEs targeted by the program were struggling with their digital brand presence with majority of the MSMES reporting they were either unaware of missed opportunities or did not have a digital brand strategy, which means they were edged out by their counterparts already offering their products and services online.

As the COVID-19 pandemic continues to cause disruptions in global and regional value chains, it is clear that e-commerce is an important tool and solution …

A new report has revealed that ICT and Agriculture are the leading host sectors for Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya.

The 2021 MSMEs Survey Report by Kenya Bankers Association also ranks manufacturing and construction among the dominant hubs for the enterprises that collectively create an estimated 15 million employment opportunities in the economy.

The study, conducted by the KBA Centre for Research on Financial Markets and Policy in collaboration with the Japan International Cooperation Agency (JICA) in May this year, further indicates over 90 percent of the 279 MSMEs sample analyzed were registered, signaling a high level of formalization.

The Findings

Based on entrepreneur characteristics, majority of MSMEs owners are males at 77 percent, highly educated with 54.5 percent having a bachelor’s degree level of education.

In addition, close to two-thirds or 63 percent of enterprise owners had been in employment for more than six years before …