Government plans concessions and cheaper loans to boost industrialisation

The government intends to provide concessionary financing to manufacturers as part of efforts to accelerate industrial development.

a view of a city with tall buildings
Illustrative image, not from this event. Kenny Murgor / Unsplash (Unsplash License (free commercial)) · Source

According to The Standard, the government plans to offer concessions and cheaper loans as part of efforts to speed up industrialisation in the country.

President William Ruto stated that the government intends to provide concessionary loans to enable interested manufacturers to participate without facing financing hurdles, the publication reports.

Source: The Standard · Business