October 23, 2023

Empowering Kenyan MSMEs for Sustainable Growth

Jane Mumo

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The USAID Strategic Partnership Program, through one of its components, Kenya Small Business Development Centers (Kenya SBDC), partnered with the Office of the Member of Parliament, Hon Kuria Kimani and gathered more than 1500 MSMEs to launch an initiative aimed at training MSMEs in Molo Constituency. The training aims to address the knowledge gap that has long hindered the growth of MSMEs in the constituency, helping them unlock their full potential.

“One of the greatest gaps that our MSMEs are experiencing is a knowledge gap, hindering them from being competitive. Through Nakuru SBDC, our MSMEs will be trained on various aspects of business, enabling them to adapt and thrive in the competitive business market,” said Hon Kuria Kimani, Molo MP, during the launch.

Micro, Small and Medium Enterprises play a crucial role in national economies worldwide, generating employment and improving livelihoods. However, their contributions also depend on their access to strategic resources, such as skills, knowledge networks, finance, and public investments in education and training, innovation and infrastructure.

‘’With a combination of customized training and advisory sessions, we will ensure that the targeted MSMEs are well-equipped with business skills and knowledge to enable them to keep abreast with the current business trends and ultimately become sustainable,’’ said George Makau, the County Coordinator, Nakuru SBDC.

The training marks the initial step in empowering MSMEs in the Molo Constituency with the long-term aim of transforming their lives and enhancing the economic growth of the constituency.

Kenya Small Business Development Centers is one of the components under the USAID Strategic Partnership Program, whose mandate is to empower MSMEs to become globally competitive through facilitating access to finance, markets, and business development support. The program is in six counties: Kiambu, Kisumu, Makueni, Mombasa, Isiolo, and Nakuru.

The Kenya Business Development Centers Program is a USAID-funded Program being implemented by Strathmore University Business School with a mandate to  champion both public and private-sector-led development to enable SMEs participate fully in the economy and  create jobs. The program takes the best practices in business development and advisory services from the U.S. Small Business Development Center (SBDC) model and transfers them to a local network of county-based business centers. This local network of centers adapts and implements the SBDC’s accredited training curriculum and proven methodology for supporting small businesses.

Learn more about the Kenya SBDC Program here

 

Article by Jane Mumo

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