Business Updated: 08 June 2025 20:04 EAT 24 Views | ~ 1 minute

NCBA HOLDS ENGAGEMENT FORUM FOR SME CUSTOMERS IN MIGORI

On 5th June 2025, NCBA hosted over 100 small and medium enterprise (SMEs) customers at an exclusive customer engagement dinner in Migori. The event highlighted NCBA’s commitment to supporting SMEs through tailored banking solutions and strategic collaborations to foster a thriving business environment in Migori and beyond.

Key stakeholders in Migori County were present at the forum, including Dr. Betty Mogesi Samburu, CECM, Trade and Tourism, Migori County Government; and Byron Noel Otieno, Project Field Officer at KNCCI Migori Chapter. They shared valuable insights on opportunities to develop SMEs in the region, emphasised the importance of public-private cooperation, discussed funding availability, and the development of entrepreneurial capacities.

“We are proud of the work we have done to support SMEs, and we are happy to have empowered the business community in Migori County. At NCBA, we have established partnerships with like-minded institutions like the one we have with Strathmore University for our Owners Management Program, and Enterprise Development Programs, to support SME owners in running their businesses. Working with the African Guarantee Fund and Proparco has also positioned us to be at the forefront of seamless financing, ensuring our customers continue to expand their businesses,” said Mr. Dennis Njau, NCBA AG. Director, Retail Banking.

In the 2023/2024 financial year, Migori County contributed an average of 1.2 percent to the country's Gross Value Added (GVA), with a GVA of KSH 90,946.4 million and a per capita GVA of KSH 81,463.92. The county recorded an average GVA growth rate of 4.54 per cent from 2013 to 2022, higher than the national average of 4.37 per cent. The services sector is dominant in Migori County with an average contribution to GVA of 49.66 percent. The agriculture sector is second, contributing an average of 36.29 percent to the GVA while the industry sector contributes about 14.21 percent.

Despite this progress, the area faces challenges of underdevelopment, recording a 48 per cent poverty rate, a population growth rate of 2.6 per cent, inadequate infrastructure, and a productivity gap in the labour sector.

“We are pleased to have participated in this important forum hosted by NCBA. We recognize the challenges faced by the Migori business community and are enthusiastic about partnering with private financial institutions to help bridge the financial gap for SMEs in the region and boost economic growth.” Said H.E. Dr. Joseph Mahiri, Deputy Governor, Migori County.

NCBA's SME Forum in Migori provided a valuable platform for stakeholders to join the County's development agenda. Through conversation and partnership between the private and public sectors, such forums enable the co-creation of sustainable solutions to enhance productivity, enhance access to finance for SMEs, and drive inclusive socio-economic growth.

Tags: Ncba