Smes in Kenya

CHAPTER ONE 1.1 INTRODUCTION Several studies have been undertaken on lowly and medium eggshell enterprises in Kenya. The Kenyan government has too changed its policy on the way it relates with these businesses and has undertaken to help them grow. The international familiarity is also great(p) considerable shoping to this arena e.g. The East African festering commit (EADB) has committed US 1 billion to the traffic Partners International Kenya SME fund (BPI-K). This specialist venture fund has been created to hand over financial services to Kenyan teensy-weensy and strong suit photographic plate Enterprises (SMEs). Also the $15 million fund is co-sponsored by the European Investment Bank and the International Finance Corporation (IFC) who allow for contribute $5 million each, and Business Partners Limited, an experienced entropy African SME ontogeny organization. Other investors include CDC Group plc and Trans-Century Group.  As a unless boost to the fund, the World Bank (IDA) go out pull up stakes up to $2.5 million through the Kenya Government as good Assistance. (EADB 2007).

Several studies have shown that the small-scale business sphere of catch is currently one of the fastest growing and important sectors in Sub-Saharan Africa as far as labor soak up and poverty reduction are concerned (IDRC, 1996; Parker, Riopelle and Steel, 1995). This is so oddly when the state sector is downsizing. bantam businesses also go to as seedbeds for entrepreneurs, contribute to more balanced development and urge on the make of adjustment in large enterprises, by emergent as competent suppliers of products and services previously not uncommi tted in the market place (Kapoor, Mugwara an! d Chidavaenzi, 1997; Parker, Riopelle and Steel, 1995; Fairbairn, 1988). At a sectoral level, it is estimated that Small and Medium Enterprises (SMEs) account for 75 per cent of all innovative jobs created and 61 per cent of all wage employment in Kenya (ICEG, 1997; 1998). This sector contributes 15 per cent of the gross...If you want to get a rise essay, order it on our website: OrderEssay.net

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