A recent critique on collateral-based lending by Kenya’s commercial banks prompted two questions from a colleague. If commercial banks won’t do it, can government enable meaningful financing of innovation? Can state also match policy pronouncements with appropriate action, and at scale?
Our current industrialisation aspirations are contained in Sessional Paper No. 1 of 2022 on National Automotive Policy, which gives expression to Vision 2030 - to become a middle income, industrialising country with a high quality of life by 2030.
