SME WATCH; 22ND MARCH 2024

NCBA inks Sh6.75b deal with French firm to finance SMEs 

THE STANDARD

Women-led small and medium enterprises (SME’s) are set to benefit from a Sh6.5 million deal between NCBA Bank and Proparco, a French firm. The lender will offer up to 60 per cent of the funding to SMEs, mostly women-led businesses and 40 per cent towards green financing.Read More;

State-backed guarantee scheme lends Sh6.2bn to SMEs 

BUSINESS DAILY

The State-backed credit guarantee scheme, which seeks to enhance loan access to credit by micro, small and medium enterprises has registered sluggish growth to disburse a cumulative Sh6.2 billion by December 2023 since its launch three years ago. Read More;

Equity gets IFC risk cover for Sh2.9bn small firms, refugees support scheme 

BUSINESS DAILY

The International Finance Corporation (IFC) is set to cushion Equity Bank Kenya (EBK) against loss risks in a Sh2.85 billion ($20 million) project that aims to provide micro-loan support to refugees and small businesses in 14 fragile counties.Read More;