Nairobi Traders to Benefit from Multi-Million-Shilling Stimulus Package
Traders in Nairobi are set to benefit from a multi-million-shilling stimulus package, which aims to jumpstart the capital’s economy. The initiative, announced by Governor Johnson Sakaja during the recently concluded East Africa MSME Trade Fair, targets small and medium-sized enterprises (SMEs) to help them navigate the current economic challenges.
The governor did not specify the exact amount of the programme or its launch date. However, he outlined that the Biashara Stimulus Programme will focus on providing affordable financing, skill development, digitisation, market access, and enterprise formalisation to traders.
“We will be rolling it out with two strategic partners who have already signed contracts. The programme will subsidise the cost of credit to MSMEs across all the 85 wards,” said Sakaja.
To qualify for the package, an MSME must have been in operation for at least two years. All beneficiaries will also undergo a three-day training session on business and entrepreneurial skills.
Importance of Supporting SMEs
Sakaja emphasized the importance of supporting SMEs, stating that they are “the backbone of the city’s economic life.” He highlighted that the sector generates employment, fuels innovation, strengthens value chains, and drives domestic and cross-border trade.
In addition, his administration is working to improve the business environment and ensure that Nairobi becomes a city where enterprises can start, grow, and thrive. This will be achieved by relaxing regulatory barriers that make it costly and time-consuming to operate in the city.
One of the key reforms is the Unified Business Permit, which consolidates multiple business licences into a single document. This simplifies operations for business owners and has enhanced revenue collection. Currently, there are 190,925 registered businesses under the UBP, of which 95,022 are either SMEs or MSMEs.
Infrastructure Development
Infrastructure is a core element of the administration’s plan to support traders. City Hall is ramping up the construction and modernisation of market infrastructure to ensure that business owners have accessible and clean spaces to operate from.
“To encourage growth in this sector, we committed to building 20 new markets and I can confirm we are on course to deliver this promise, with more than half currently under construction,” said Sakaja.
As of now, six markets are underway—Mutuini, Kahawa West, and Juja are almost complete, while Karen, Dandora E, and the Miraa markets are ongoing. The national government is supporting the county in constructing the Kware Road–Gikomba market, which is 95 per cent complete and expected to be finished before the end of the year. Other ongoing projects include the Mathare North, Maji Mazuri, South B, and Riruta markets.
“In the pipeline are Jogoo Road, Kangemi, and Toi markets, which will provide additional trading space for MSMEs and bring products and services closer to Nairobi estate residents,” Sakaja added.
Combined Efforts for Economic Growth
The Biashara Stimulus Programme, combined with improved infrastructure and simplified licensing, is expected to help stabilise small and medium-sized businesses and position Nairobi as a more competitive urban economy.
Key Reforms and Future Projects
The governor’s initiatives signal a renewed focus on MSMEs as the key engine of Nairobi’s recovery. While the impact of these efforts will depend on transparency, timely rollout, and sustained access to affordable credit for small traders, the ongoing reforms and infrastructure developments indicate a strong commitment to supporting local businesses.