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Inside State's Sh3.7b fresh plan to revamp MSMEs sector

Bureaucracy has been cited among the challenges that hinder MSMEs from accessing loans. [iStockphoto]

Establishing a single-window portal for approvals, licences, and registration is one of the initiatives the government seeks to undertake in a Sh3.7 billion plan to revamp the micro, small, and medium enterprise (MSME) sector.

The government also wants to harmonise government fees, taxes, and levies affecting these businesses with the aim of promoting targeted fiscal and business incentives for them.

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