Micro-, small-, and medium-size enterprises in Kenya account for 96% of employment and 60% of value added. But they struggle with productivity—only 6% as productive as large companies in Kenya. What can be done to close this gap? 🔎 Explore the data set: https://mck.co/3VRk2i4
McKinsey Global Institute’s Post
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Between June 25 and July 1 at least 39 people died in Nairobi during clashes between police and protestors demonstrating against proposed tax hikes. Unrest in Kenya won’t derail economic growth but will prompt public sector spending cuts. Private sector activity will remain robust despite strained government finances. 👉 In Q3 firms should prepare for periods of commercial disruption and fluctuations in customer sentiment amid recurring bouts of social unrest, especially in Nairobi. 👉 Firms selling to the public sector will face weak demand, tough pricing negotiations, and payment delays for the foreseeable future. 👉 In contrast, MNCs selling to the private sector should ensure their goals reflect upbeat economic growth prospects through 2025, and remain focused on capitalizing on robust services activity. Read our full view of the outlook ahead 👇 And then sign up to The Lens to receive weekly insights into high-impact trends and developments for business professionals: https://lnkd.in/eFtS5Tje #Kenya #Kenyaunrest #WilliamRuto #geopolitics
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📚 Educational Content Spotlight: Unveiling Local Business Intelligence in Kenya Hey LinkedIn community! 👋 Excited to share a powerful resource on investing and business development that I recently came across. 🚀 📌 Title: Invest in Kenya: Local Business Intelligence" 🔗 Link: https://lnkd.in/gBGjvqSh This publication explores the dynamic landscape of business opportunities in Kenya, providing valuable insights into local business intelligence. Whether you're considering investments or seeking to expand your business, the information here is a game-changer. 💡 Key Takeaways: 1. Discover key sectors with high growth potential in the Kenyan market. 2. Gain insights into the regulatory environment and local business practices. 3. Explore success stories and learn from the experiences of thriving businesses in Kenya. 🤝 Let's foster a community of continuous learning! Share your thoughts on the publication or drop your favorite resources on investing and business development in the comments. 📖💬 #Investing #BusinessDevelopment #KenyaOpportunities #LearningTogether
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Are you ready to kickstart your business journey in Africa, specifically in Kenya? Look no further! Mozam Consulting is your strategic partner for navigating the dynamic business landscape in Kenya. Here's how we can empower your business: 1.Office Setup and Workforce Building: We specialize in setting up offices and assembling skilled workforces tailored to your business needs, ensuring a smooth transition into the Kenyan market. 2.Data-Driven Business Prospecting: Leveraging advanced data analytics, we help identify lucrative business prospects, enabling you to make informed decisions and maximize opportunities. 3.Compliance Guidance: Navigating regulatory frameworks can be daunting. Our expert team provides comprehensive guidance on compliance matters, ensuring your business operates smoothly within Kenyan regulations. 4.Business Strategy Implementation: With years of industry experience, we collaborate closely with you to develop and implement robust business strategies aligned with your objectives and the Kenyan market dynamics. 5.Stakeholder Collaboration: Building effective relationships with key stakeholders is crucial. We facilitate collaboration with stakeholders to foster mutual growth and success. 6.Feedback-Driven Efficiency: Continuous improvement is key to sustained success. We gather regular feedback and insights to fine-tune business processes, enhancing efficiency and productivity. Empower your business today with Mozam Consulting! Contact us at [email protected] to embark on a successful business journey in Kenya. #YourStrategicBusinessPartner #EmpoweringYourBusiness 🚀
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Out now! PwC’s East Africa Family Business Survey 2023. This year’s findings include results from 95 family business owners in Uganda, Kenya, Tanzania, Rwanda and Ethiopia. Download the full report for insights: https://ow.ly/ZNBb50QeiXI #FamilyBusinessSurvey
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Informal businesses are a cornerstone of the economy in sub-Saharan Africa, comprising 85% of employment in the region. These businesses provide essential income, especially for marginalized groups like women and youth, but their growth is hindered by limited access to finance, preventing them from creating more jobs and contributing to sustainable development. Our new policy paper, co-developed with our member in Kenya, Somo, delves into these issues and provides actionable recommendations to enhance access to finance for informal youth-led businesses in sub-Saharan Africa. Read it here: https://lnkd.in/ernk-wbP
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Chairman, Nakuru County Investment Board | Head of Investments at GulfCap Group | I transform ideas into successful businesses.
It's Time to Reinvent Government in Kenya! 🇰🇪 Every problem comes with equal or greater opportunity! A longstanding issue in Kenya has been public frustration with perceived government inefficiency. Many Kenyans feel the quality of services they receive doesn't justify the taxes they pay. We have an opportunity to Reinvent our Government, just like the US did in 1993 with their National Partnership for Reinventing Government (NPR) launched by President Bill Clinton. What was NPR? Goals: Make government more efficient, cost-effective, and citizen-focused. Strategies: Treat citizens as customers, empower employees, and prioritize results. Impact: A cultural shift towards better service delivery, streamlined processes, a focus on outcomes and citizens became more satisfied with service delivery. We can do this in Kenya too! Here's the plan: Listen: Understand the needs of Kenyans and government workers. Identify roadblocks to better service. Innovate: Develop solutions that are efficient, transparent, and hold everyone accountable. Learn from best practices around the world. Deliver & Adapt: Implement solutions step-by-step, prioritize impact, and constantly improve based on feedback. Let's work together to build a government that truly serves the people of Kenya! #ReinventKE #GovernmentReform #Opportunity #engagethepresident
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Just released! PwC’s East Africa Family Business Survey 2023. This year’s findings include results from 95 family business owners in Kenya, Tanzania, Uganda, Rwanda and Ethiopia. Download the full report for insights: https://ow.ly/ZGE250Q7L1m #FamilyBusinessSurvey
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Our Chief Guest, Hon. Abubakar Hassan Abubakar, Principal Secretary at the State Department for Investment Promotion, Ministry of Investments,Trade and Industry, spearheaded discussions on investment momentum, taxation issues, and the rising cost of conducting business. He highlighted challenges such as raw material procurement, operational efficiency, and market accessibility for micro-level investors. 𝐓𝐨 𝐛𝐨𝐥𝐬𝐭𝐞𝐫 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐊𝐞𝐧𝐲𝐚'𝐬 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐥𝐨𝐧𝐠𝐬𝐢𝐝𝐞 𝐩𝐮𝐛𝐥𝐢𝐜 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬, 𝐚 𝐜𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐞𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦 𝐢𝐬 𝐛𝐞𝐢𝐧𝐠 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐝 𝐭𝐨 𝐚𝐭𝐭𝐫𝐚𝐜𝐭 𝐛𝐨𝐭𝐡 𝐝𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐚𝐧𝐝 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬. This strategy encompasses: 1. Business Reforms and Transformation Unit: A dedicated entity focusing on enhancing the investment climate and business environment at both national and county levels. 2. Kenya Investment Authority: This statutory body facilitates investor access to fiscal and non-fiscal incentives, identifies opportunities, and offers services within Kenya. 3. Special Economic Zones (SEZs): These zones aim to reduce production costs for investors. Kenya has prioritized SEZs as a key driver for industrialization and investment attraction in the manufacturing sector. 4. Investment Financing Tools: Kenya Development Cooperation is mandated to promote sustainable socio-economic development by providing development and infrastructure finance, business support, and advisory services to medium and large-scale industries, infrastructure projects, and commercial endeavours. #2024AmChamOutlook #tradeandinvestment
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In Kenya, the 2024/2025 Budget is anchored on five pillars and twelve enablers. These pillars include 1. Agricultural Transformation and Inclusive growth, 2. Micro, Small and Medium Enterprises, 3. Housing and Settlement, 4. Healthcare, and 5. Digital and Creative Industry KES 283.5 billion has been allocated under the five pillars. Lets talk.......
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Iam committed to building purposeful & Redemptive communities that enhance transformation.Uganda Country Manager: Sinapis Group,Founder Winpreneurs Africa LTD.
Amidst the ongoing concerns around taxes, their interpretation, the required compliance and governance expectations in Ugands as well as the need to strengthen your business structures for scaling, you cannot afford to keep guessing through business or working with obsolete assumptions. Get equipped for the VUCA( Volatile, Uncertainity, Complex and Ambigous) journey ahead of you. It's time to take a Finance pulse check for your business and thereafter apply and position it to the right environment. Sinapis provides this environment, peers and tools for all your business needs. #financialmanagement #Businessfinance #Cashisking
Join our 6-week experience that covers the essentials of finance that you will need to know to see your business grow and scale to new heights in Uganda. Register and get more details via https://hubs.la/Q02t5D560
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