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Discuss the evolution of Entrepreneurship in Kenya

Discuss the evolution of Entrepreneurship in Kenya

Answers

Wilfred
- Interest in the development of entrepreneurship and small enterprise in Kenya gained momentum as a possible remedy to the stagnation of economic development and the escalating unemployment problem between the early 1960 and 1970s
- Although there were attempts by the government to develop entrepreneurship, the main impetus came from the international labor organization (ILO) report.
- The report centered on the potential of the informal sector and suggested that the bulk of Kenya’s urban workers were self –employed in small enterprises.
- The report proposed that the development of this sector could;
i. Promote employment
ii. Facilitate development
iii. Facilitate equitable distribution of resources.
- Based on this report the government responded with a seasonal paper in 1973 – which recognized the role of entrepreneurship in employment creation not just in the informal sector but also in the formal sector.
- Subsequent development plans have devoted time to the development of strategies and to promote small-scale enterprises and entrepreneurs which include.
- The industrial estate programme
- Establishment of development agents e.g ICDC and KIE
- Policy and institutional framework to promote entrepreneurs.
- Promoting indigenous Kenyan enterprises.
Wilfykil answered the question on June 12, 2019 at 12:24

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