The Kenyan economy thrives on the wheels of SMEs and MSMEs. This is the backbone of the economy. The sector employs 86 percent of the population and contributes about 45.5 percent to the country’s gross domestic product (GDP). Despite this, the sector faces a myriad of challenges that have threatened to kill it. Inadequate access to credit, high cost of doing business, a wide range of taxes, and mismanagement are some of the factors 3killing SMEs and MSMEs. At least 450,000 MSMEs close shop annually in Kenya. This, on average, means about 30,000 MSMEs are closing shop in Kenya monthly. … Continue reading How Co-op Bank Kenya Is Uplifting MSMEs In Kenya