Tag: Business

Poor Regulatory Environment affects SMEs in Kenya

Poor Regulatory Environment affects SMEs in Kenya

Business
Small businesses are struggling to expand in the local and export market due to a poor regulatory environment, a new SMEs Policy Index report has shown. Kenya’s Medium Small and Micro Enterprises (MSME) Policy Index 2019 survey the Kenya Private Sector Alliance (Kepsa) conducted shows that current policies are unfavorable to business growth and as a result, they are stagnating enterprises. The survey showed that the overall MSME policy index stood at 3.0 out of 5, below the level of 4.0, which is the policymakers regard as to be ideal for growth. The effectiveness of small businesses representation in the government’s development agenda scored the least mean index at 2.5, attributed to poor consultation of the sector during procurement decisions, legislation
SMEs give hope to the unemployed in Kenya

SMEs give hope to the unemployed in Kenya

Business
More than three quarters of small and medium-sized companies in Kenya are planning to hire more workers in the near future, an annual survey has found, partly pointing to increased sales and optimism that the economy will recover. The Top 100 SMEs survey conducted by KPMG and the Business Daily found that 77 percent of the 186 firms that fulfilled all the vetting requirements were either very likely (37 percent) or likely (40 percent) to employ more workers. This is an improvement from 68 percent in 2018, according to the findings released Wednesday during a breakfast meeting ahead of the annual gala during which the winners will be unveiled in Nairobi Thursday evening. The findings come in the wake of a generally rising optimism in Kenya’s growth prospects after the nation
Twiga Foods emerge as Winners at CIO100 Awards

Twiga Foods emerge as Winners at CIO100 Awards

Business, Mobile, Startups, Technology
Twiga Foods is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets. Twiga Foods, were the sole winners of the Plus One Award at the regional CIO100 Awards and Symposium. They won the award, in light of their spearheading efforts to digitize and ease up the entire sourcing, purchase and delivery process. Since 2014, Twiga Foods have been at the forefront of bridging gaps in the food market, this was through the development of a cutting edge platform, designed to create an efficient, fair and transparent market place. With over 17,000 farmers, and over 8,000 vendor
A future made in Africa: 50 Trailblazers under 50 MADE IN AFRICA includes a .africa applicant

A future made in Africa: 50 Trailblazers under 50 MADE IN AFRICA includes a .africa applicant

Business
Trailblazers under 50 includes Obama, Didier Drogba, Hadeel Ibrahim among other African icons of influence. The NewAfrican a leading pan-African current affairs magazine an IC, in its May collector’s edition, looks at a Future Made in Africa and, in a 60 page supplement. This coincides with the African Union Formerly OAU jubilee celebration. The release focuses more on infrastructural, innovative and economic reflections on the work of individuals throughout Africa who have in one way or the other catalyzed a remarkable project in their daily activities. The edition has internationally renowned Ghanaian designer Ozwald Boateng, a World Economic Forum Young Global Leader and founder of the Made in Africa Foundation as the guest editor.  Other distinguished editorial contributors inclu