In 2013, Strathmore Business School launched the Small and Medium Enterprises (SME’s) Entrepreneurship Program. The Business School chapter is aimed at reaching out to 10,000 youth involved in entrepreneurship, with an aim of equipping them with technical skills, knowledge and mentorship, which would enable them scale up their businesses.
So far, the business school has facilitated this training at the coast region where it has trained over 500 micro entrepreneurs. Yale university through PAD, Peace for Africa and Economic Development: A company that was formed by its graduate students to promote peace in Africa by empowering the youth economically through their businesses, has been training micro entrepreneurs in Nakuru and Naivasha. The PAD – SBS partnership will see the business school reach out to approximately 5000 more youth in entrepreneurship in 2016.
The Yale – PAD partnership ran its current training on 31st July 2015 in Naivasha, with the teaching culminating to a pitch business challenge. Four youth groups got the opportunity to pitch their businesses; with the best business plan presentation winning a series of mentorship session from the Yale graduates as part of their award. The panel of judges comprised of James Gatuku- Entrepreneurship Manager- Equity Foundation Naivasha branch, and Grace Kariuki, Manager Special Projects Strathmore Business.
The Chief Guest, Mrs. Dorothy Nyongo, encouraged the youth to continue pursuing opportunities which solve societal challenges as well as generating income for the betterment of economic development.