Data and research on industry and entrepreneurship including small-medium enterprises (SMEs), global value chains, tourism, steel and shipbuilding., A new OECD report, “Financing SMEs and Entrepreneurs 2022: An OECD Scoreboard” shows that outstanding SME loans increased significantly during the first year of the pandemic. The median stock of SME loans increased by 4.9%, the highest upturn registered since the OECD Scoreboard was created 10 years ago.
Four lenders selected by the Central Bank of Kenya to give low-cost mobile loans to small businesses under a programme dubbed ‘Stawi’ have abandoned the deal.