About 75 percent of Kenya’s small and medium-sized businesses face collapse if they fail to get fresh funds from banks or equity partners by end of next month, a Central Bank of Kenya (CBK) survey reveals.
Citing a study conducted in April, CBK Governor Patrick Njoroge on Thursday said the small businesses surveyed had said that without help they would close by the end of June because they lacked credit buffers and other resources to survive the slowdown caused by the Coronavirus.
