Absa Bank Kenya has announced a KES100 billion funding commitment to spur the development of Micro, Small and Medium Enterprises (MSME) across various value chains over the next three years. “As a Bank, we are fully cognizant of the immense contribution that MSMEs make to Kenya’s economy through job creation and their contribution to the Gross Domestic Product (GDP). We particularly recognise the need to avail sustainable finance solutions and expertise to cushion these businesses in times of unexpected downturns. The support we are committing today aims to ensure that MSMEs have ready access to capital that enhances their resilience,” said Abdi. This commitment also aligns with our broader strategy to contribute to the nation’s economic development by enabling enterprises to thrive,” Abdi added.

Source: Daily Nation October 23, 2023 19:08 UTC