Browsing: Kenya Private Sector Alliance(KEPSA).

The Kenya Private Sector Alliance (KEPSA) on Thursday, February 25 launched an Ecommerce Booster Program targeting at least 2000 Micro, Small and Medium-sized Enterprises (MSMEs).

The program will be realized through funding from the European Union and UK’s Foreign Commonwealth Development Office.

TradeMark East Africa, a leading aid for trade regional body in East Africa will support the program, while the technical support for this program is being provided by Amari Consulting Ltd.

Types of businesses targeted

Businesses with little or no digital presence are being targeted for training and on-boarding to e-commerce platforms to ensure MSMEs can increase and diversify their revenue streams during this period of COVID-19 pandemic.

As COVID-19 pandemic continues to cause disruptions in the global and regional value chains, it has become clear that e-commerce is an important tool and solution for businesses and
consumers.

E-commerce can support small businesses in reducing their costs and …

Kenya is on the right path in the fight against corruption, The International Monetary Fund has said.

IMF Director for African Department Abebe Selassie has commended President Uhuru Kenyatta for spearheading the war against corruption, saying the country was well.

According to Abebe, the IMF is satisfied with the stable economic growth that averages between 5.5 per cent and 6.0 per cent as a result of the ongoing fiscal reforms that the Kenyan Government is implementing to ensure macroeconomic stability.

READ ALSO:Kenya whets investor appetite with Special Economic Zone

“Because of this, Kenya is a leading light in terms of economic reforms and growth in the region,” Selassie said.

The Director for the African Department of the IMF spoke on Monday when he paid the President a courtesy call at State House, Nairobi.

During the meeting, the President and Mr Selassie discussed the relationship between Kenya and the Bretton …

Most entrepreneurs have not prepared a business succession plan for their businesses in case of their departure, industry players have noted, which has led to the collapse of many Small and Medium Enterprises (SME) in the demise or the absence of the business owner.

In most cases, it is the owner who carries the vision of the business and ensures that the business remains afloat.

Additionally, most SME’s do not have comprehensive risk and asset management solutions, which leaves them greatly exposed to manageable risks and therefore stand a very slim chance of recovering their business in case of an event.

This was reported during an Invest In Africa-Kenya and Liberty Life Insurance forum in Nairobi this week, attended by over 60 SMEs.

The forum was convened to discuss business sustainability beyond the owner under the theme: “Beyond the Business: Is there tomorrow for your company?”

Speaking at the event, …

The Kenyan business community is now hopeful Tanzania will uphold its commitment of opening up its borders for trade under the Single Customs Territory (SCT), after President Uhuru Kenyatta’s visit to Tanzania this weekend.

The diplomatic and trade relations of the two countries had last week plummeted following remarks by a Nairobi politician, which indicated foreigners would be thrown out.

Emotions ran high among legislators of the two countries, after Kenyan-Starehe MP Charles Njagua’s remarks on foreigners.

The legislator on June 26, turned the heat on foreign traders accusing them of taking over key city markets, while they harassed. He threatened to flash out foreigners and have them deported.

Njagua’s sentiments were not well received in Tanzania where a heated debate ensued in Parliament, with legislators threatening a diplomatic action against Kenya.

READ ALSO:Tanzania’s ‘jilted lover’ attitude hinders uniting East Africa

Tanzania’s opposition leader Freeman Mbowe said though Hon.Njagua …