High interest rates not good for SMEs in Kenya

NAIROBI: Although Kenya has been able to produce some of Africa’s corporate champions like Safaricom, Bidco and Kenya Commercial Bank (KCB), the concept of a multibillion-shilling homegrown brand is still a relatively recent arrival on the Kenyan business landscape.

Small and Medium-Sized Enterprises (SMEs) and the informal sector have always been, and still are, the backbone of the economy.