The Cooperative Bank and Nyeri County government have embarked on a partnership that will salvage businesses there from collapsing because of the adverse effects of COVID-19.
Representatives the county government led by Governor Mutahi Kahiga held talks with representatives from the bank todays.
The deal is expected to be finalised next week, according to the Governor.
The partnership between the two entities on post Covid-19 economy recovery measures will tackle Small and Medium Enterprises (SMEs).
“The two entities will partner in capacity building, funding, cushioning of SMEs including private schools, SACCOs and Corporate Social Responsibility” Mutahi stated.
He laid emphasis on PayCheck Protection Loans to help businesses that are struggling to avoid laying off of workers which is hurting the families that are dependent on those wages.
The team was represented by Jacquelyne Waithaka, Director-Corporate & Institutional Banking Division, Moses Gitau Head-Business Banking, Silvance Nono Head-Government & Public Sector Banking, Annie Thagishu Relationship Manager, Ngumo Kahiga Head-Marketing and Communication and Samuel Mukiti Relationship Manager.
The county administration was represented by the County Secretary Ben Gachichio, Economic Advisor Ndirangu Gachunia, and Trade Chief Officer Ibrahim Adan.
“Consultative meetings will be held next weeks to come up with a concrete plan on how to cushion Nyeri residents against the adverse economic effects of the Covid-19 pandemic and execute an MOU immediately” Kahiga stated.