County Government of Laikipia

Stanbic Bank is the latest Financial Institution seeking to collaborate with the County Government of Laikipia to provide support for local Micro and Small Enterprises.

The bank officials led by Ms Pauline Mbayah, Head of Stanbic Foundation, met with H.E. Governor Ndiritu Muriithi to discuss the potential participation of Stanbic bank in the county s Economic Stimulus Programme.

In the programme, KCB, Co-operative, and Family Bank are partnering with the County Government to give affordable loans to Laikipia businesses as a way of helping them restart after the devastating effects of COVID-19.

The County Government is discounting interest on the loan by 5 per cent.

Stanbic Foundation also donated 18 computers to the County as part of a programme to provide digital skills to micro and small businesses as well as young people to enable them to use those skills for economic empowerment.

The computers will train and support young people to acquire digital skills to enable them to become economically productive online. The training will also be extended to 200 Business Development Officers (BDOs) to enhance their IT skills.

It will be crucial as they are involved in supporting development enterprises to increase on their productivity.

The Stanbic bank will also work to support SMEs with working capital for those engaging in manufacturing and agricultural activities. We look forward to a fruitful collaboration with Stanbic Group. Governor Muriithi said.