KNCCI President Fred Ngatia (PHOTO: Wilberforce Okwiri) It has been a turbulent year for biashara due to Covid-19. ESTHER DIANAH spoke to the Kenya National Chamber of Commerce and Industry (KNCCI) President on, among others, how the Chamber is cushioning jua kali and mama mboga.
As President of KNCCI, what steps are you taking to help small businesses thrive despite the Covid-19 crisis?
We have established a strategic partnership with MasterCard Foundation to support Micro, Small and Medium-Sized Enterprises (MSMEs) with working capital and liquidity through credit facilities and grants. So far, we have reached 40 counties and disbursed over Sh150 million. We are also working with Equity Bank to support SMEs on a post-Covid-19 recovery pact to ensure business continuity and sustainability through training and access to credit. So far, we have trained 24,000 businesses.
We have also partnered with Trademark EA and FSD to support women on regional and cross border business programmes, and retail pay through working capital and business development services, among others.
What is the budget set aside to lift mama mbogas, mama nguos and SMEs? Read More
Through our strategic partnership with MasterCard Foundation, we have a commitment of a Sh600 million revolving fund. There is also partnership with Equity Bank of Sh200 billion to support post-recovery and survival programmes
What particular mitigations are there for self-employed people?
There are moratoriums such as bank loans restructuring to improve liquidity; continuous business knowledge development and information sharing; support for new markets and alternative supply chain channels; continuous advocacy and policy reforms programme; investment in digital trade such as e-commerce; and capacities, knowledge and entrepreneurial development through training, remodeling and reskilling.
You are a good friend of President Uhuru Kenyatta, do you advise him on how to handle the health and economic crises?
I provide advice and counsel on behalf of the private sector on national policy reform programmes to support business environment in order to improve our enterprise competitiveness to build the economy and create jobs and also support government development programmes around the Big 4. I also provide guidance on issues related to international trade through our economic diplomacy initiatives.
How far are you in securing the elimination of cross county levies? As a Chamber, our role is to support better business climate and reforms through our advocacy activities. On this front, we have a strategic partnership with the Council of Governors to collaborate […]