KENYA CREDIT GUARANTEE SCHEME: Highlights for the period Dec 2020 – Jan 31, 2023

Micro, Small, and Medium Enterprises (MSMEs) are crucial to Kenya's economic growth and employment generation, as emphasized in Vision 2030 and the Third Medium Term Plan (2018-2022). Kenya has over 7.4 million MSMEs, which employ about 14.9 million people in all sectors of the economy and account for approximately 40% of the country's GDP. MSMEs are vital for inclusive economic growth as they operate in diverse fields across the economy.