Credit access: How to de-risk small businesses to create much- needed employment for Gen Zs

 Anti-government protesters engage police officers in running battles along Moi Avenue in Nairobi on July 16,2024.

Photo credit: Evans Habil | Nation Media Group

Micro, small and medium enterprises (MSMEs) play an instrumental role in the Kenyan economy. It is estimated there are over 7.4 million MSMEs in Kenya and employing more than 15 million people. In Africa, MSMEs are the driving force of economic development accounting for 90 percent of all businesses.

MSMEs’ also serve as a channel for new ideas and innovations to penetrate the market, hence contributing towards economic diversity and productivity.

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