BOLDEN African News · Thursday 5 November 2026
Ruto promises an industrialisation fund with single-digit loans for manufacturers
President William Ruto told the Kenya Industrialisation Summit in Nairobi that the government is in the final stages of creating an industrialisation fund to lend to manufacturers at single-digit rates, starting at Sh5 million to Sh20 million. He also announced a Green Investment Fund of $200 million (Sh25.99 billion); capitalisation, funding sources and eligibility for the industrialisation fund were not disclosed.
Why it matters
Manufacturing fell to 7.1% of Kenya's GDP in 2025, far from the 20% target for 2030, and bank loans cost well over 15%.
Sources: Capital FM via allAfrica, The Mt Kenya Times · 5 November 2026