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Sh130m fund targets leather sector SMEs with loans

Media Owners Association chairman Hanningtone Gaya (left) with Industry secretary Adan Mohamed at an event in Nairobi on February 23, 2017. PHOTO | SALATON NJAU

By  JAMES KARIUKI

The local leather industry has received a shot in the arm after the establishment of a Sh130 million revolving fund to help SMEs in the sector scale up production.

Industry, Trade and Co-operatives secretary Adan Mohamed said the Kenya Industrial Estates (KIE) would manage the fund from which the SMEs would borrow at low-interest rates.

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