SMEs Struggle with High-Interest Loans as CS Kagwe Calls for Inclusive Financing

Strict collateral requirements and inadequate government subsidies has seen many SMEs rely on high-interest informal lenders, slowing growth in the sector. while attending the AFDB conference on financing smallholder farmers, agriculture, and livestock development CS, Mutahi Kagwe, stressed the need for practical and inclusive financial solutions to support Africa’s agricultural backbone.