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FSD Africa to mobilise Sh10bn debt fund for Kenyan SMEs

A panel discussion during the launch of the FSD Africa venture fund on November 26, 2025 at the Sarit Centre Expo. The fund will  accelerate insurance innovation in Africa to close the continents protection gap.

Photo credit: Francis Nderitu I Nation Media Group

By  Patrick Alushula

Business Reporter

Nation Media Group

UK-backed Financial Sector Deepening Africa (FSD Africa) is lining up a new debt fund to help mobilise between $64 million (Sh8.25 billion) and $77 million (Sh9.93 billion) for lending to small and medium enterprises in Kenya.

The firm says in a newly published Impact Report 2025 that it wants to narrow the financing gap for small businesses through a Kenya SME debt fund, which will be structured to mobilise capital from local institutional investors such as pension funds and insurers.

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