Tag: msmes

Kenya’s Sidian Bank launches water-focused COVID-19 loan facility for MSMEs

Kenya-based Sidian Bank has announced that it will be partnering with Aqua for All to facilitate the scale up and sustainability of MSMEs specifically in the water, sanitation and health sector by tackling the main issue that SMEs face and providing financing facilities worth over 4 million euros with subsidised interest rates to help cushion the effects of COVID-19. CNBC Africa spoke to Catherine Kisamwa, Head of Microbanking at Sidian Bank for more.

COVID-19: How is Ghana protecting its small and medium scale businesses?

In the wake of the COVID-19 pandemic, Ghana has rolled out some palliatives including a 600 million cedis stimulus package for small and medium scale businesses with the aim of minimising the exposure of these businesses to the economic fallout of the pandemic. Joining CNBC Africa to discuss this initiative is Kosi Yankey-Ayeh, Executive Director of the National Board for Small and Medium Scale Industries in Ghana.