SME WATCH; 19TH JANUARY 2024

Transforming Kenya’s small business

BUSINESS DAILY

The crucial micro, small and medium enterprise (MSME) sector role in the economic development of Kenya, continues to grow since it was first brought to the limelight in 1972, in a report prepared by the International Labour Organization (ILO) on Employment, Income and Equity in Kenya.

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Stakeholders seek to review aquaculture's role in Africa's food security

THE STANDARD

Kenya is this week hosting the 2nd General Assembly Congress of Aquaculture for Africa (ANAF) as efforts to transform Aquaculture gain momentum. More than a hundred delegates from all African states and representatives from regional economic communities are meeting in Naivasha for a three-day event that seeks to review Africa’s food security policies amidst major global disruption in the food supply chains.

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How financial institutions can strengthen MSMEs to grow economy

THE STANDARD

Kenya’s economic foundation unquestionably rests upon its Micro, Small, and Medium Enterprises (MSMEs). As indicated in Sessional Paper Number 5 of 2020 on Kenya Micro and Small Enterprises Policy, these enterprises contribute to 24 per cent of Kenya’s GDP, encompass over 90 per cent of private sector enterprises, and engage 93 per cent of the total labour force in the economy.

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