Opinion: Make single fund for SMEs a priority – Jiandi Kisero

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Business Daily | by Jiandi Kisero

I don’t know whether the implementation of the proposed credit guarantee scheme by the government is going according to plan.

Just the other day, the government announced that a new credit scheme with an initial capital of Sh10 billion would be operationalised by October 10, this year.

That announcement was made as part of the administration’s interventions aimed at enhancing access to credit to the small and medium enterprises (SME) sector during the Covid-19 pandemic.

Clearly, this was a very ambitious target especially when one considers the crippling cash flow position the administration has been grappling with lately…

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