PS Mangeni, Equity Bank Forge New Path to Power Kenya’s MSMEs
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Nairobi, June 17, 2025 — Kenya is doubling down on its commitment to uplift Micro, Small, and Medium Enterprises (MSMEs), with Principal Secretary Susan Mangeni leading fresh talks with Equity Bank CEO Dr. James Mwangi on how to unlock growth for the country’s small business sector.
Mangeni confirmed the government is rolling out bold reforms under the BETA transformation agenda, including the decriminalization of informal work, simplified licensing, digital services, and public-private financing partnerships.
“You can now register a business and start trading with just Ksh 1,000 through e-Citizen,” Mangeni said, underscoring progress in cutting red tape and empowering grassroots entrepreneurs.
Equity Bank pledged full backing for the agenda, promising not just financing but capacity-building and a dedicated youth-focused banking model. Dr. Mwangi also endorsed plans for a shared credit scoring system that uses data from health, education, and trade to unlock capital for informal entrepreneurs.
Both sides agreed on the urgent need for interoperable digital platforms and cross-sector collaboration to close Kenya’s financing gap and build a thriving, inclusive MSME ecosystem.
The talks signal a powerful public-private alignment to drive Kenya’s bottom-up economic growth.
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