Kenya SBDC
H.E. Hon. Prof Anyang' Nyong' , the governor Kisumu County
Micro, Small and Medium Enterprises (MSMEs) are acknowledged by multilateral organizations, development agencies and Governments as a key enabler of economic growth and development globally.However, the lack of resilience demonstrated by these businesses is a cause for concern as the majority of them do not survive beyond a year or two of their founding. This represents a hurdle for leveraging the MSME pillar as a key driver of growth in the country.
To address these issues, Strathmore University Business School (SBS), in partnership with the United States Government through the U.S. Agency for International Development (USAID), launched the Kenya Small Business Development Centers (Kenya SBDC) program in May 2021 to support MSMEs by working in partnership with the County Governments to tailor MSME support to local business needs.
Hon. Nyong' observed that formalization of the business processes of the MSME sector will lead to taxation and that taxes should be seen as an investment in a public sector that works. MSMEs need to be formalized and have a proper legal framework that regulates MSME financing from the public and private sectors.
H.E. Hon. Prof Anyang' Nyong' , the governor Kisumu County
Micro, Small and Medium Enterprises (MSMEs) are acknowledged by multilateral organizations, development agencies and Governments as a key enabler of economic growth and development globally.However, the lack of resilience demonstrated by these businesses is a cause for concern as the majority of them do not survive beyond a year or two of their founding. This represents a hurdle for leveraging the MSME pillar as a key driver of growth in the country.
To address these issues, Strathmore University Business School (SBS), in partnership with the United States Government through the U.S. Agency for International Development (USAID), launched the Kenya Small Business Development Centers (Kenya SBDC) program in May 2021 to support MSMEs by working in partnership with the County Governments to tailor MSME support to local business needs.
Hon. Nyong' observed that formalization of the business processes of the MSME sector will lead to taxation and that taxes should be seen as an investment in a public sector that works. MSMEs need to be formalized and have a proper legal framework that regulates MSME financing from the public and private sectors.