×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Kenyan SMEs picked for Sh9b UK-backed credit guarantee deal

Vocalize Pre-Player Loader

Audio By Vocalize

UK Foreign Secretary James Cleverly arrives for a Cabinet meeting in London on October 26, 2022. [AP Photo]

Small and medium-sized businesses (SMEs) are set to benefit from a $75 million (Sh9.1 billion) fund set to guarantee their borrowings from local commercial banks.

This is after the Africa Guarantee Fund (AGF) and the UK government's development finance institution British International Investment (BII) inked a credit guarantee deal.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Kenya to host green hydrogen symposium as country positions for the global stage
Business
Kingdom Bank deepens MSME push with Industrial Area branch
Business
Court declines to lift orders blocking Safaricom sale as Vodafone loses bid to exit case
Enterprise
Kenya blockchain industry urges faster stablecoin adoption amid new digital asset rules