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Quarter 4 17 Nov 2021

Stanbic Bank Partners with GIZ to support small businesses

Stanbic Bank Kenya, Stanbic Kenya Foundation and the German Development Cooperation have entered into a partnership aimed at accelerating business recovery and growth of small enterprises post the Coronavirus Disease (COVID-19) Pandemic.
The Ksh 62million project seeks to support Micro Small and Medium Enterprises (MSMEs) to respond, restore and rebound from the effects of the pandemic.

The partnership is under the Employment and Skills for Development in Africa (E4D) Programme commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by GIZ and Stanbic Kenya Foundation.
The business recovery interventions under the partnership will be provided to 500 micro-enterprises and 200 small enterprises drawn from services, trade, agriculture, manufacturing and construction centers. The intervention which targets 3,000 beneficiaries drawn from the sector seeks to entrench the entrepreneurial culture in MSMEs, build their businesses and technical skills to enhance their capacity, expand market opportunities as well as gain access to affordable financing.