NCBA hosts over 100 small and medium enterprises customers at Migori exclusive dinner

June 3, 2025 - Business - no comments

BY MANUEL ODENY

Migori Deputy Governor Dr. Joseph Mahiri when he addressed SME customers during the dinner. PHOTO: LUCAS MAROA

The NCBA has hosted over 100 small and medium enterprise (SMEs) customers at an exclusive customer engagement dinner in Migori in a bid to boost engagement.

The event was a push by the bank’s commitment to supporting SMEs through tailored banking solutions and strategic collaborations to foster a thriving business environment in Migori and beyond.

“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,” Joseph Mahiri, the Migori Deputy Governor said.

He said the dinner gala brought key stakeholders in Migori County and gave a platform to share valuable insights on opportunities to develop SMEs in the region.

“We emphasised the importance of public-private cooperation, discussed funding availability, and the development of entrepreneurial capacities,” Mahiri said.

“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,” Dennis Njau, NCBA AG. Director, Retail Banking said.

He said At NCBA, the bank has established partnerships with like-minded institutions to support SME owners in running their businesses through seamless financing to ensure business expansion.

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.

NCBA’s SME Forum in Migori provided a valuable platform for stakeholders to join the County’s development agenda.