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Why weak shilling failed to lift Kenya’s exports

Financial Services,Business Development 1 February 2024

By KEPHA MUIRURI, Business Daily

Kenya’s exports last year upset expectations by falling against what was a more than one fifth depreciation of the Shilling against major world currencies, including the US dollar, Euro and British Pound. A weaker

While the exports had been widely expected to grow, data from the Central Bank of Kenya, through 10 months to October 2023, shows total good exports fell by 2.1 percent to Sh978.7 billion ($6.104 billion) in the period.

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MSME FINANCING GATEWAY POST-REGISTRATION TRAINING FOR BUSINESS DEVELOPMENT SERVICE PROVIDERS

KEPSA recently hosted a post-registration training for Business Development Service (BDS) providers at the KEPSA offices, focusing on the MSME Financing Gateway platform. The session provided valuable insights into the platform's functionality and demonstrated how BDS providers can effectively use it to market their services.

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ACCESS TO FINANCE WORKSHOP FOR SMES

KEPSA, in collaboration with the International Trade Centre (ITC), recently held an Access to Finance Workshop at the KEPSA offices. The workshop provided valuable insights into funding opportunities for SMEs through ITC's MARK UP II program.

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KEPSA HOSTS THE INAUGURAL ANNUAL SME CONFERENCE, AWARDS AND EXHIBITION

On 23rd August 2024, KEPSA hosted the Annual SME Conference, Awards, and Exhibition at the Kenya Institute of Curriculum Development (KICD), Nairobi. The event was graced by Hon. Wycliffe Oparanya, FCPA, E.G.H, the Cabinet Secretary for the Ministry of Cooperatives and MSMEs Development. The conference, under the theme, “Unlocking Financing and Scaling up Innovations and Accelerated Growth."

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