Abdalla Abdulkhalik

CEO's Profile

Theme | SME Banking and Finance
Topic | Islamic Finance for SMEs
MONTH | February 2018

Discussion Focus Areas

  • The role of financial sector players (banks, capital markets, private equity) in promoting trade
  • National and county policy and investment opportunities towards diversifying Kenya’s external trade portfolio
  • Financial products such as Islamic Finance that SMEs can tap to grow their businesses


Overview

According to KIPPRA, domestic trade which includes wholesale and retail activities contributes about 64 per cent to Kenya’s GDP. The sector is a significant source of job creation, accounting for approximately 80 per cent of the country’s workforce. Through enabling policies and increased investment to expand domestic, regional and international trade, there are opportunities to sustain growth of the sector. Externally, Kenya has been dominant in the export of agricultural commodities, textiles and apparel.