AUG 29 – With the rise in Kenyan business ownership, the Old Mutual Group has introduced the Old Mutual Business Roundtable, which will provide business solutions.
In a statement, Old Mutual said that the platform will enable 54% of Kenyans who own a business to access the networks and information needed to advance their enterprises.
According to the Old Mutual Financial Services Monitor (OMFSM) report 2 in 10 business owners are struggling with debt while 46% are dealing with considerable financial stress due to a lack of financial advisors and support.
The round table will offer entrepreneurs a structured environment to engage in knowledge-sharing sessions, gain insights into market trends, and explore innovative financial solutions.
“It is especially timely in Kenya, where 54% of Kenyans own a business, although a majority lack access to the networks and information needed to advance their enterprises, according to the Old Mutual Financial Services Monitor (OMFSM), an annual report that seeks to understand the financial behavior and attitudes of Kenya’s working population,” The statement said.
The old mutual stated that the new platform will be focal in supplementing collaboration and growth among small and medium-sized enterprises (SMEs) across East Africa by creating bridges that will connect entrepreneurs and solution providers to their common challenges.
“At Old Mutual, we recognize the vital role SMEs play in driving economic growth and the considerable challenges they face daily. Through the Business Roundtable, we aim to provide them with a dynamic platform where they can connect, learn, and access the support necessary for their success,” said Old Mutual’s Group CEO Arthur Oginga.
