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Kenya

Uhuru pledges reforms for MSEs

NAIROBI, November 17- Trade Minister Uhuru Kenyatta has promised to lobby his counterparts in government to ensure that all issues related to Medium and Small enterprises (MSEs) are handled by one ministry.

Mr Kenyatta who’s also a Deputy Prime Minister observed that this would be the best way to handle most of the issues affecting players in that sector.

“While MSEs development interventions are co-ordinated within the framework of the Private Sector Development Strategy, there is need at policy level to co-ordinate the development of the sector under one roof,” he said.

Among the issues raised by participants in a forum organised by the Ministry of Trade to discuss the development of Medium and Small Enterprises, was the delay in coming up with proper legislation, bottlenecks in accessing government funding and a poor relationship between the MSE owners and the local authorities.

“With regard to the MSE Bill, we had a first draft and I know that consultations will be taking place with stakeholders on that first draft to improve on it,” Mr Kenyatta said.

He reiterated that the Bill would also take care if the issue of housing of all MSEs in one ministry so that the sector had a much better coordinated work plan.

“We are in the process and that should actually happen quite soon because we need to be able to establish more banks that are able to understand MSEs and to create a law within which they can operate,” Mr Kenyatta stated.

However the Deputy Premier noted that the sector needed to be better organised if the government was to be in a better position to communicate with it and to link it with sources of technology and capital.  

Meanwhile Mr Kenyatta while opening the Global Entrepreneurship Week promised to ensure the ministry created a conducive environment for youths to unleash their potential in business.

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The global entrepreneurship week will be marked through various activities all with the intention to attract the youth to engage more in entrepreneurial activities.

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