Friday, July 13, 2007

Investing In Business

Greetings,
Its been quite a while since i sent my last article, but anyway thinks happen and we need to move on.Am back now and will be sending articles every friday.
i recently came across an investors handbook an inititiative of UNDP about making a handbook for local investors about the rules,regulations, procedure and process about how to go about starting your business in kenya and how to go about it.
with the current reforms in the SME sector for example the availability of funds, it is no longer an option for you as an opportunity seeking, wealth creating kenyan to desist from starting your own business, but a right , you have the right as a kenyan to start your business given the available funds.
Look at it from this point of view, if 30% of university graduates started their businesses and employed their fellow graduates, we would no longer be talking about the problem of yout unemployment and poverty, since most people who grumble about the common mwananchi not feeling the effects of economic growth, its onl because the common mwananchi has not been ssavy enough to start his business and take advantage of the economic reforms.
Among the funds available for business startups and SMEs are;
-Business Partner International( a private equity and business support firm)
-Equity Womens Business Club
-Kenya Industrial Estate(Youth Fund)
-Family Bank(Youth Fund)
-MSME Indigeneous fund(by Ministry of Trade and Industry)
-Kenya Youth Business Trust (KYBT)
- International Finance Corporation, SME Solutions Centre

You can get more info from the following links;
http://www.ieakenya.or.ke/
http://www.kepsa.or.ke/
http://www.ke.undp.org/InvestorsHandbook.pdf
http://startupskenya.blogspot.com

Be Informed
bundealexander@gmail.com

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