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Cabinet approves credit guarantee scheme for small businesses hit by Corona

President Uhuru Kenyatta chairing Thursday meeting (PHOTO: PSCU)

NAIROBI, KENYA: The cabinet has approved a credit guarantee scheme targeting the Micro, Small and Medium Enterprises (MSMEs) during the COVID-19 period.

The scheme will have an initial seed capital of Sh10 billion to be capitalised in two tranches of Sh5 billion in the financial year 2020/21 and Financial Year 2021/22.

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MSME COVID-19