By Mohammed Juma
Nairobi, Kenya – Kenya is today marking World Micro, Small, and Medium Enterprises (MSME) Day with a major national forum at the Kenyatta International Convention Centre (KICC).
The event, themed “MSMEs: The Heartbeat of Kenya’s Economy”, has brought together entrepreneurs, government leaders, financial institutions, and development partners from across the country.
Organized by the Ministry of Co-operatives and MSME Development, the day features exhibitions, business showcases, panel discussions, and expert talks focusing on improving the MSME environment in Kenya.
MSMEs make up over 90% of all businesses in Kenya and contribute about one-third to the country’s GDP.
They are also responsible for the majority of new jobs, especially for young people and women.
Speaking at the event, Cabinet Secretary for Co-operatives and MSME Development, Wycliffe Oparanya, said the government is prioritizing the growth of the sector.
“Our goal is to create a more inclusive economy by unlocking the full potential of MSMEs,” he said.
“They are not just job creators, they are the engine that powers our communities,” he added.
The forum highlighted key issues facing MSMEs such as lack of access to affordable financing, digital gaps, and limited market access.
New digital solutions and financing tools tailored for MSMEs were showcased, offering hope for easier access to capital and markets.
International partners, including the United Nations and African Development Bank, praised Kenya’s efforts to support small businesses.
“Investing in MSMEs is investing in Kenya’s future. They build resilient economies and inclusive societies,” said UN Resident Coordinator Stephen Jackson.
The government is expected to unveil a new national roadmap to guide MSME development over the coming years, focusing on funding, digital skills, and favorable policies.
World MSME Day is celebrated globally every June 27 to recognize the critical role of small and medium enterprises in economic growth and development.