This archive report was first published on 13 January 2020.
On January 13, 2020, the government announced plans to establish a Micro, Small and Medium Enterprises fund to help players in the sector access credit and expand their ventures.
State Department for Industrialization Principal Secretary Dr. Francis Owino stated that his ministry is in talks with the National Treasury to finalize guidelines before the fund is rolled out.
The MSME fund is expected to augment other affirmative action funds, including the Youth Enterprise Fund, Women Enterprise Fund, and the National Government Affirmative Action Fund, to ensure entrepreneurs have access to credit.
Dr. Owino added that the process is expected to be concluded by the end of March 2020.
He also mentioned that 37 Constituency Industrial Development Centres across the country have been revived and equipped with lathe machines to support the project.
The ministry has made deliberate efforts to refurbish all Constituency Industrial Development Centres (CIDCs) across the country to provide worksites for SMEs.
Dr. Owino was speaking in Kisumu City during a consultative forum on MSME Policy currently under development.
