This archive report was first published on 23 June 2021.
Government Agencies Supporting Small Businesses in Kenya ¶
Small business owners in Kenya have long been critical of government activities affecting their operations. However, there are several little-known government agencies that can provide valuable support to these businesses.
On June 23, 2021, CAS for Industry, Trade and Cooperatives David Osiany called upon proprietors of small businesses to seek advice and business consultation at the Kenya Institute of Business Training (KIBT). KIBT, established in 1966, has been imparting managerial and entrepreneurial training for over 50 years.
The institution has its headquarters in Parklands, Nairobi, and branches in Mombasa, Embu, Garissa, Nyeri, Nakuru, Kakamega, and Kisumu counties. KIBT's core research and technological divisions are Engineering, Energy and Environment, ICT, Leather & Textiles, and Food Technology.
Moreover, the Kenya Industrial Estate (KIE) has been committed to the cause of micro and small business for rural industrialization and value addition to raw materials. Those focused on manufacturing were encouraged to pursue KIE's services, following the focus of President Uhuru on manufacturing as part of the Big 4 agenda.
In an attempt to simplify processes, the Ministry of Industry, Trade and Industry initiated the Micro and Small Enterprises Authority (MSEA). MSEA is a state corporation mandated to formulate and review processes for small enterprises. The body is resourceful in reinforcing the bargaining abilities of micro business owners when negotiating better terms and conditions with the national government.
For funding purposes, Uwezo Funds' flagship programme for Vision 2030 exists to offer loans to youth, women, and people with disabilities to access monies to conduct business. It is among the few financial service institutions that has a kitty exclusively for use by Micro Small and Medium Enterprises.
When it comes to taxation, Mr. Osiany defended his ministry as only a facilitator working in conjunction with branches of the national government for optimized functioning of the country's economic landscape. Manufacturing is the ministry's role in the Big 4 agenda and is of crucial significance in spite of the taxation requirements of the 2021 Finance Bill.
