The Nairobi City County’s Business and Hustler Opportunities Sector, through the Micro, Small and Medium Enterprises Directorate, held a public participation exercise for external stakeholders to gather feedback on the soon-to-be-launched Nairobi City County Biashara Stimulus Programme.

The two-day sensitization meeting began with internal stakeholders on day one. This group included Sub County and Ward Administrators, Market Managers, Community Development Officers, and Community Health Promoters. They pledged to disseminate information at the grassroots level in preparation for public participation barazas scheduled for April 3rd and 4th, 2024, across all 17 Sub Counties.

Speaking at Charter Hall during the second day’s meeting, County Executive for Business and Hustler Opportunities, Ms. Maureen Njeri, announced that the Biashara Stimulus Programme is aimed at supporting Micro and Small enterprises (MSEs) access affordable credit from financial institutions where the County will subsidize the interest rate payable to a single digit interest rate. The program aims to support MSE businesses in their growth towards becoming Medium Enterprises, improve business and entrepreneurial skills for MSEs through trainings and capacity building as well offer support in market linkages to enhance competitiveness in their goods and services. She further stated that MSMEs are the backbone of today’s economy and hence the need for us to create an environment within which these businesses can thrive and effectively contribute to the GDP of the City.

“This program will strictly benefit existing businesses, either individually or through common interest groups,” Ms. Njeri further stated. “Verification will be conducted to ensure the businesses receiving support are legitimate, viable businesses in need of support to grow.”

County Chief Officer for Business and Hustler Opportunities, Ms. Zipporah Mwangi, also spoke at the event. She reiterated Governor Sakaja’s commitment to making Nairobi a “City of Order, Hope, Dignity, and Opportunities for All.” He views uplifting Micro and Small Enterprises as a key driver of the economy.

Stakeholders from the second-day meeting were CBOs, self-help groups and registered associations drawn from various parts of the County such as Mwamuko, Uprising Jamaa, Watetezi, Living Positively, Vumilia for the disabled, Wisdom, and Kawangware registered groups, among others, applauded HE, the Governor for the initiative. They expressed appreciation for the opportunity to access affordable single-digit loans to boost their businesses and create avenues for expansion. They pledged their full support to the County and promised to help mobilize other target beneficiaries ahead of the planned public barazas.

Other attendees included Mr. Julius Karina, Director MSMEs; Mr. Patrick Ang’asa, Acting Director of Public Participation; Mr. Alvin Mayoya, Deputy Director MSMEs; representatives from the Local Urban Platform, Community Based Organizations (CBOs), and Self Help Groups (SHGs) from across the County.

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