Closed SMEs need on average Sh30,000 capital to reopen

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The Central Bank of Kenya in Nairobi. FILE PHOTO | NMG

A typical micro, small or medium enterprise in Kenya needs an average of Sh30,000 capital injection to restart operations after a closedown, pointing to the tiny monetary value of ventures running at that level.

The FinAccess Micro and Small Enterprises Tracker survey published by the Central Bank of Kenya (CBK) shows that the median capital required to reopen an SME remained unchanged between October last year and June.

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Note: The results are not exact but very close to the actual.