NCBA Bank is focusing on supporting small and medium enterprises (SMEs) in Migori County by offering customized banking solutions and forming strategic partnerships.
This initiative was highlighted during a customer engagement forum that brought together 100 SME representatives.
The event featured key stakeholders, including Betty Mogesi Samburu, CECM for Trade and Tourism in the Migori County Government, and Byron Noel Otieno, Project Field Officer at the Kenya National Chamber of Commerce and Industry (KNCCI) Migori chapter.
Both speakers offered valuable perspectives on enhancing SME development in the region, emphasizing the significance of public-private partnerships, available funding opportunities, and the need to build entrepreneurial skills.
“We’re proud of our ongoing efforts to uplift SMEs and are pleased to have empowered Migori’s business community,” said Dennis Njau, Acting Retail Banking Director at NCBA. “Our collaborations with institutions such as Strathmore University, through programs like the Owners Management and Enterprise Development Programs, are designed to equip SME owners with the tools they need to grow their ventures.”
He also noted that working with partners like the African Guarantee Fund and Proparco has enhanced NCBA’s ability to offer accessible financing and help businesses scale up.
Migori County continues to show economic promise, contributing 1.2 percent to Kenya’s Gross Value Added (GVA) with Sh90.95 billion, and reporting a per capita GVA of Sh81.46 billion in the 2023/2024 period.
Between 2013 and 2022, the county posted an average GVA growth rate of 4.54 percent—above the national average. The services sector led with a 49.66 percent contribution to GVA, followed by agriculture at 36.29 percent and industry at 14.21 percent.
However, the county still grapples with significant development challenges, such as a 48 percent poverty rate, 2.6 percent population growth, inadequate infrastructure, and low labor productivity.
