A recent National Economic Survey report by the Central Bank of Kenya (CBK) in 2017 indicated that SMEs constitute 98 percent of all business in Kenya , create 30 percent of the jobs annually as well as contribute 3 percent of the GDP.
CBK data suggests that up to KSh 200 Billion was owed to SME businesses by the national government by the end of the 2017/2018 Financial Year, with as much as KSh 25 Billion worth of those pending bills directly contributing to non-performing loans.
Are we stifling private sector growth and will the Big 4 Agenda truly expand opportunities for MSMEs?
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| Ms. Lucy Muchoki, CEO, KAAA and PanAAC | Ms. Joyce Njogu Head of Consulting, Kenya Association of Manufacturers | Dr Patrick Ngugi Njoroge, Governor of the Central Bank of Kenya | Mr. H.B. Okeyo, AG. Secretary of Industrialization, Ministry of Industry, Trade and Cooperatives. |