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Strengthening the MSMEs Sector

PS. Hon Susan Mang'eni, Principal Secretary State Department MSMEs Development
Stakeholders from the Ministry engage in a productive meeting with the East African Development Bank.
Principal Secretary Hon. Susan Mang'eni, Director General African Development Bank (EADB) Madam Vivian Yeda and KIE MD Mr. Charles Mativo after consultations meeting on strengthening MSMEs
Progressive meeting between the Ministry and EADB Director General
PS. MSME Development and EADB Director General pose for a photo
EADB Director General meets CS. Ministry of Co-operatives and MSME Development Hon. Wycliffe Oparanya
East African Development Bank (EADB) meeting furthed discussed at CS. Hon. Wyclifee Oparanya office
CS. Co-operatives and MSMEs Development Hon. Wyclifee Oparanya and Director of the East African Development Bank (EADB)
CS Hon. Oparanya meets delegation leading consultative engagements with EADB led by PS. Hon. Mang'eni

Strengthening the MSMEs Sector

News / Fri, 08/09/2024 - 15:48

In a significant move towards growing the MSMEs sector in Kenya, and deepening financial inclusion at the bottom of the economic pyramid, the Director  General of the East African Development Bank (EADB), Madam Vivianne Yeda, paid a courtesy visit to Ministry of Cooperatives and MSMEs development, where she met with the new Cabinet Secretary Hon. Wycliffe Oparanya and later held engagement with PS for MSMEs Susan Mangeni to explore a partnership opportunity with the State  Department through Kenya Industrial Estate(KIE) to provide affordable credit to MSMEs in Kenya. 

Madam Vivianne Yeda, Director East African Development Bank (EADB) meets newly appointed CS. Hon. Wycliffe Oparanya
Madam Vivianne Yeda, Director General of the East African Development Bank (EADB) meets newly appointed CS. Hon. Wycliffe Oparanya


The EADB which was established in 1967 by the EAC member states provides financing for on ward on lending to Financial institutions in member states. It lends to both private and public sector institutions.

The partnership between KIE and the bank will unlock more financing opportunities for MSMEs to crowd into the manufacturing sector and boost job creation in our economy. 

PS. MSME Development Hon. Susan Mang'eni engaging Madam Vivianne Yeda, Director of East African Development Bank)
PS. MSMEs Development Hon. Susan Mang'eni engaging Madam Vivianne Yeda, Director of East African  Development Bank)

 

KIE was founded in 1965 to promote rural industrialization through the financing and incubation of small and medium industries. It accorded Kenyan entrepreneurs at the time,  an opportunity to venture into the manufacturing sector. It’s been behind many local manufacturing companies offering not only affordable financing but also manufacturing spaces. 

Stakeholders from the State Department led by Hon. Susan Mang'eni after fruitful engagement with Director General EADB, Madam Vivianne Yeda
Stakeholders from the State Department led by Hon. Susan Mang'eni after fruitful engagement with Director General EADB, Madam Vivianne Yeda

 

The financing from EADB is therefore expected to increase support towards local investment in  the county aggregation and industrial parks (CAIP) being established across all 47 counties in line with the Bottom Up Economic transformation agenda (BETA).

 

 

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