Sidian Bank and NCCI partners to set up SME hubs in Kenya

Sidian Bank CEO Chege Thumbi with KNCCI national chairman Kiprono Kittony during the signing of the SMEs MoU in Nairobi, February 13, 2018. /COURTESY

Sidian Bank and Kenya National Chamber of Commerce and Industry have signed an MOU towards empowering the growth of SMEs.

This will be realized through the establishment of SME Hubs in Sidian Bank Branches, over a five-year period, with first hub being domiciled in the bank’s Kenyatta Avenue Branch, which will be operational in a month’s time.

Speaking during the signing, Chege Thumbi, Chief Executive Officer, Sidian Bank said that development of SMEs is an area of great interest to Sidian Bank, it is also at the core of Kenya National Industry of Commerce & Industry mandate, and therefore being a matter of common interest to both parties, partnering to empower SMEs through the setting up SME Hubs in Sidian Bank Branches

He further added that they intend the success of this partnership to impact SMEs ranging from small, medium and large.  Kiprono Kittony, Chairman, Kenya National Chamber of Commerce and Industry said that the chamber has over s16,000 members countrywide and seven hundred and fifty members 750 in Nairobi, who will directly benefit from this partnership.

Additionally, the Chamber’s Import & Export (Impex) Club, who specialize imports and exports will gain direct access to expert trade advice and solutions to Sidian Bank’s robust trade finance teams,” Kittony