Ruto urges banks to boost MSME lending with revised policy
President William Ruto called on commercial banks to increase lending to micro, small and medium enterprises, stating that MSMEs contribute about 40 per cent of Kenya's economy but remain largely excluded from formal financial services. He noted that despite commercial banks lending about Ksh.1 trillion to the sector over the past three years, this remains insufficient for small businesses to flourish.
Ruto's push for banks to boost MSME lending addresses Kenya's critical Sh3.3 trillion financing gap affecting millions of small business operators.
21 hours ago · Citizen Digital →