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Nairobi signs deal to improve informal markets and SMEs

As part of the program, it will also establish small hubs, which shall provide a platform for job seekers to find placement beside providing data on job creation, information on complimentary small firms, research and consultation.


Devdiscourse News Desk Kenya
Updated: 26-03-2018 10:09 IST
Nairobi signs deal to improve informal markets and SMEs

Small and Medium-sized Enterprises KNCCI (Image credit:KNCCI)

The Nairobi County Government has signed a MoU with the Kenya National Chamber of Commerce and Industry, Nairobi County chapter for the development of Small and Medium-sized Enterprises and informal markets.

Nairobi City County, one of the 47 counties of Kenya is setting up to amend legislation, policies and regulations in a proposal to improve the business environment with particular focus on small businesses and hawkers.

As part of the program, it will also establish small hubs, which shall provide a platform for job seekers to find placement beside providing data on job creation, information on complimentary small firms, research and consultation.

Nairobi commerce chamber chairman Richard Ngatia stated, "Among the changes proposed are the development of markets and infrastructure bill and review and amendment of the Trade Licensing Bill. This follows identification of Nairobi as a potential champion for the Sustainable Development Goals at the sub-national level."

He also highlighted about the planning policy reforms through creation or amendment of pro-business policies and regulations geared towards improving trade environment, spur economic growth of the creative arts and other critical sectors with an eye on women, youth and the aged.

"The expectation is that it will improve all informal markets and also the life of Micro and Small Enterprises (MSEs) in Nairobi, hawkers will have a formal way of earning a living without breaking county laws once the devolved unit completes the development of markets and infrastructure where they can sell their wares," said Nairobi Governor Mike Sonko.

COUNTRY : Kenya

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