Boost for MSMEs as banks increase annual loans by Sh150 billion

President William Ruto during the Banking Industry Inua Biashara Small And Medium Enterprise Exhibition at the Kenyatta International Convention Centre, Nairobi, on October 16, 2024. [PCS]

Small and medium-sized enterprises received a major boost after banks pledged to inject Sh150 billion as new loans into the sector annually.

This emerged on Wednesday during opening of Kenya Bankers Association (KBA) Inua Biashara Exhibition at Kenyatta International Convention Centre, Nairobi that saw the launch of MSME Accelerator Programme.