Kenyan SMEs to Get World Bank Aid

Cash-strapped small and medium-sized enterprises in Kenya will benefit from World Bank loans following the decrease of private funding in the country. The global lender’s private sector unit, the International Finance Corp., intends to release nearly USD6.3 million for the initiative. Each small Kenyan firm may borrow up to USD437,000. (“Bank earmarks Sh500m for cash-starved SMEs” - Business Daily Africa, Oct. 28, 2008)

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