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LAUNCH OF MSE POLICY SUPPORTS GROWTH AND DEVELOPMENT OF COMPETITIVE MSEs

The Kenya Micro and Small Enterprises Policy Promoting Micro and Small Enterprises (MSEs) for Wealth and Employment Creation was officially launched during the world MSME day 2021. The framework which was formulated through a rigorous review of past policies and stakeholder engagement features 10 pillars that are key to providing an integrated enabling environment for the growth and development of competitive MSEs.

MSEs are critical in the achievement of the national development goals as envisioned in Kenya Vision 2030 and the Big 4 Agenda. The sector provides employment and income opportunities especially among marginalized groups such as youth and women and contributes to wealth creation. These ten pillars envisaged in the policy to help realize the full potential of this sector include; entrenchment of entrepreneurial culture, skills and capacity development, access to domestic and export markets, access to a diversified and affordable range of financial products and services, access to decent and affordable infrastructure, facilitation of start-ups, promotion of formalization, enhanced coordination and implementation of support programmes targeting development of the sector, conducive regulatory environment at the national and county levels and mitigation of business external risks including those that are emerging and cross-cutting in nature.

Some of the emerging issues that have been mainstreamed in the MSE policy include the devolved governance structure which has decentralized public services and roles in the development of infrastructure, enterprise and trade. It also includes the new sector policies at the regional and global levels such as EAC vision 2050, AU Agenda 2063 and the Sustainable Development Goals.