Paul Arithi 
Micro, Small,& Medium Enterprises Plays a crucial role in the Economic growth of any Country.The MSME Alliance and Equity Group Ltd has partnered to create a conducive environment and offer the assistance in terms of loans and other financial assistance.
Chairman of the MSME Alliance Ltd Mr.Ben Mutahi thanked all the participants and SMES’s present’The Board Members of MSME ALLIANCE OF KENYA, Our Financial Partner Equity Bank led by my brother, friend and Chief Commercial Officer Mr. Polycarp Igathe,Equity Bank Representatives,’ said Chairman.
They committed to form an umbrella to formalize a national outfit through having a strong structures and operations systems to address the plight of small sector traders which saw the establishment of MSME ALLIANCE OF KENYA to tackle the main Challenges.
A recent study by central bank of Kenya indicates that MSME’s constitute of 98% of all business in Kenya. Creating 60% of the available jobs and also the largest active contributor to the country’s GDP annually.
However, with the covid19 era 25% are at risk of closing down due to curfews, trade restrictions and high financial burdens by end of 2021 as MSME alliance of Kenya we are hopeful that through our newly formed partnership with Equity bank we shall offer financial assistance and literacy to our Members to cushion their businesses.
MSME’s FUTURE PLANS:
MSME Alliance of Kenya we are forging strategic partnerships in different areas to assist our members in capacity building, financial literacy and trade financing the scope of our training will cover: finances, youth opportunities, risk assessment and mitigation, new market linkages and emerging business trends in the country and other regions. with the legal team on standby,MSME alliance of kenya will provide legal services to the members to safeguard their business interests.
Absorbing different boards mandated to formulate policies affecting this sector,final stages are in place of setting up a tollfree call centre where the members will call for free to inquire on different areas of interest which are taxation, finance and licencing.
