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Stanbic Bank partners with Ministry of Industrialization in a bid to support the MSME sector


Stanbic Bank partners with Ministry of Industrialization in a bid to support the MSME sector
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Stanbic Bank and Stanbic Kenya Foundation have signed an MoU with the Ministry of Industrialization, Trade and Enterprise Development in a bid to support Kenya’s Trade and Industrialization agenda as well as the MSMEs Sector in Kenya.
This move comes at a time when Kenya is in trade dialogues with various partners to prioritize industrialization as a key Big 4 agenda, while still recovering from the negative impacts of the global COVID 19 pandemic.
Speaking during the signing ceremony, the Cabinet Secretary for Industrialization, Trade and Enterprise Development, Hon. Betty Maina said, “SMEs play a vital role in driving economic growth and development and contribute to over 36% of the GDP. We must therefore support them through various intervention programs that allow them to reach their full potential. One of the government’s key focus is to partner with able ....

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GoK In A Deal To Impart Kenyan Enterprises With Digital Skills


The programme will target individuals who have lost their jobs during the COVID-19 economic downturn that led to numerous job losses in the country. Stanbic bank and Microsoft Kenya will roll out the programme across the various counties in Kenya with support from the Ministry and its supporting state agencies that will see a total of 1,000 government employees upskilled and seconded to the program as instructors. The program expects to place 2,000 youth into employment by the end of 2021.
Speaking during the launch of the partnership, the Cabinet Secretary for the Ministry of Industrialization, Trade and Enterprise Development, Hon. Betty C. Maina said, “The digital landscape is transforming rapidly, and Kenya must adapt to the new changes to keep the citizens employable. The Kenya Government believes technology will play a key role in transforming the economy and creating employment. In this regard, we welcome the private sector in supporting the government’s efforts to ....

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