75% of small, medium businesses at risk of collapsing by June-CBK (Kenya)

“At least 75 per cent of SMEs are facing closure by end of June due to lack of funds, CBK governor Patrick Njoroge has said. During a post-MPC briefing on Thursday, he said there is an urgent need to cushion them as they contribute hugely to the country’s employment and GDP. Meanwhile, diaspora remittances are expected to drop 12 per cent this year on coronavirus effects.”