Local investors urged to adapt sustainable new ways of doing business

Small and medium scale investors across the country have been urged to adapt new and sustainable ways of doing business to improve productivity and competitiveness in the market for social economic development.

Principal Secretary in the State Department of Investment and Industry, Trade and Cooperative Betty Maina said to realise the noble objective, the government has launched sensitisation workshops throughout the country to capacity build 600 entrepreneurs.

Ms. Maina said the identified entrepreneurs, were drawn from all the 47 counties clustered in seven regions.

In a speech read on her behalf by the Ministry’s Secretary of Administration Josephine Onunga at Kenya School of Government (KSG) Baringo while opening a three day workshop on Intellectual Property (IP), the PS said the government has started implementing Kenya’s industrial transformation programme geared towards driving the Industrial Agenda for the next 10 years.

This way, you will be able to play your rightful role in driving our country towards achieving the objectives of the President’s Big Four Agenda, especially in promoting the manufacturing sector, as well as helping the country realise the goals of its long term economic blue print, Vision 2030, she said.

PS said they envisaged that through the industrial transformation programme, the government shall be able to address the challenge of unemployment amongst the youth and graduates entering the job market annually.

She challenged the micro, medium and small scale entrepreneurs to play a greater role in creating job opportunities to curb joblessness among the unemployed professionals.

The PS said according to Kenya National Bureau of Statistics (KNBS) Economic Survey of 2017, out of 8.3 million new jobs generated in 2016, 7.4 million were in the informal sector or MSMEs while 856, 000 were in the modern sector.

From these statistics, you can see the huge potential at your disposal if this country has to achieve its economic development goals, she said.

She challenged the participants attending the planned workshops across the seven regions to utilise the opportunity to acquire knowledge that would enable them not only to thrive in their businesses, but also beat their potential competitors locally and abroad.

We are advising our local manufacturers to brand and register their products so that it cannot be duplicated in the market, said the PS.

The three day workshop is attended by 100 players in the micro, small and medium enterprises sector from the counties in the South Rift region of Nakuru, Baringo, Narok, Bomet, Laikipia, Kericho and Kajiado.

The PS assured government support towards improving local products as well as providing linkages for markets for social economic development.

Managing Director Kenya Industrial Property Institute (KIPI) Sylvance Sange challenged the entrepreneurs to brand and register their products to avoid their being duplicated in the market by unscrupulous traders wanting to reap where they did not sow.

Mr. Sange said the government was determined to see the administration of intellectual property services in Kenya decentralized in accordance with the Constitution.

Source: Kenya News Agency