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State of the Industry: SMEs as a Means to Achieving the Big Four Agenda
09:30 - 10:45
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?
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.