From left, Kenya Industrial Estates (KIE) managing director Parmain Ole Narikae, Line Art Solutions managing director Paul Wangaruro and Principal Secretary State Department for Investment and Industry Patrick Nduati Mwangi during a familiarization tour of KIE Industrial parks in Nairobi on January 19, 2018. PHOTO | SALATON NJAU | NMG
The Kenya National Bureau of Statistics indicates that there are more than 17 million SMEs registered in Kenya.
The industrialisation ministry says the government will pump more money in the Small Medium Enterprises (SMEs) segment to create jobs for the youth and grow the contribution of the informal sector to the economy.
Speaking yesterday during a visit of SMEs in Nairobi’s Industrial area, Investment and Industry Principal Secretary Patrick Mwangi Nduati said the government funds will be channelled to SMEs across the country.
“The industries that we have seen here have been incubated, assisted and supported with credit by the Kenya Industrial Estate” said Mr Nduati.
“These industries now needs to grow not only in the region but also in their counties to ensure that we can achieve the job creation agenda and growth of the GDP.”
The Kenya National Bureau of Statistics indicates that there are more than 17 million SMEs registered in Kenya with 98 per cent of them contributing about 25 per cent of the country’s GDP and employ up to 50 per cent of Kenya’s workforce.
