SMEs get Sh15bn World Bank recovery cash

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The National Treasury building in Nairobi in this picture taken on March 15, 2023. PHOTO | DENNIS ONSONGO | NMG

Kenyan small businesses that were ravaged by the Covid-19 pandemic will benefit from a Sh14.47 billion ($100 million) financing from the World Bank, a National Treasury document shows.

The Treasury noted that the objective of the Supporting Access to Finance and Enterprise Recovery (SAFER) project is to increase access to financial services, enhance capabilities, and support the post-Covid-19 recovery of micro, small, and medium enterprises (MSMEs).

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