President Uhuru Kenyatta has expressed his commitment to supporting the Jua Kali sector.
Addressing the nation on Thursday in parliament, the president said that he has ensured that the sector benefits from a ring-fencing supply of some components needed in the Affordable Housing Program.
According to the head of state, windows and doors will be exclusively supplied by Micro, Small and Medium-size enterprises.
“The Affordable Housing Program is expected to create opportunities for the local industry. In this regard, we have ring-fenced the supply of certain components, such as doors and windows, for exclusive delivery by Micro, Small and Medium-size enterprises,” he said.
Kenyatta stated that the special provision will make sure that the 'Jua Kali sector is formalized and several Kenyans have money in their pockets.
“This will not only put money in the pockets of our local artisans but also support formalization of the industry,” he stated.
Additionally, the President promised to help all SMEs access credit with ease.
“To unlock the latent potential resident in the sector, my Administration has been working towards addressing the challenges 'of access to credit, training and skills development. In this regard, we will be launching an “SME Credit Guarantee Scheme' in few weeks, aimed at deepening their access to credit without being subjected to complex application procedures and collateral requirements,” Uhuru said.
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