Kenya Industrial Estate (KIE) has held a meeting with Bomet township traders whom they trained on how to start, grow, and get funds for their businesses that have been struggling.
The meeting attracted small and medium enterprises providing them with medium and long-term development finance and training skills that are intended to see the gradual growth of their business to improve the economy of the county.
While addressing the meeting, the KIE chairperson, Ms Lily Ng’ok acknowledged that Micro, Small, and Medium Enterprises (MSMEs) are strategic drivers of socio-economic transformation in developing nations.
In Kenya’s Vision 2030 blueprint, the growth of the small manufacturing sector which includes the Juakali industry and the small business enterprise are among the six drivers of the Kenyan economy under the economic pillar.
“KIE is in Bomet to share with business owners how this enterprise can help them run their businesses. We have advised them to take loans for business expansion, capital education on how to manage business, and sensitization in matters of business,” explained Ng’ok.
Ng’ok also advised youths in the county to engage in business and the Jua kali industry stating that this would eradicate vices like drug abuse, and robbery among others from the youths.
“I want to urge our youth to engage in the entrepreneurship sector, borrow loans start business and artisanal centres like Juakali shades, this is likely going to keep you busy and divert your minds from engaging in drug abuse, mugging, and other vices that are likely going to land you in the wrong side of the law,” explained Ng’ok.
By Lamech Willy and Irine Chebet
