Government is strangling SMEs by not clearing outstanding debts of Sh250 billion, according to Kenya National Chamber of Commerce chair Kiprono Kittony. The World Bank recently downgraded its forecast for economic growth for Kenya from over six per cent to just about five per cent. The bitter truth is that many SMEs are going out of business because they are not paid by government. Yes, we need better roads, and therefore Chinese loans, but not to the extent that it kills off Kenyans' SMEs. Let government now strike a better balance between developing infrastructure and paying off its domestic debt.

Source: The Star April 16, 2019 03:00 UTC