MSMEs play a critical role in Kenya’s economic development and employment creation. The Kenya National Bureau of Statistics (KNBS) indicates that there are over 7.4 million MSMEs in the country, which employ approximately 14.9 million Kenyans in various sectors of the economy and contribute approximately 40% of the country’s GDP.
MSMEs cover a wide range of activities in almost all sectors of the economy and therefore constitute a major engine of economic growth. It is therefore of particular importance to prioritize the needs and existing challenges of the MSME sector.
In November 2023 Kenyans were given a special holiday to plant 100 million trees as part of the government's goal to plant 15 billion trees in 10 years. Dr Paul Quantock was happy to join the initiative planting 4 trees.
TFEP aims to work with Kenyan and international organisations to enhance the Kenyan Government’s ‘Vision 2030’ which aims to transform Kenya into an industrialising, higher middle-income country providing high quality of life to all its citizens inclusing Priority 2.2 of the Multi-Annual Indicative EU funding Programme (MIP) - ‘Leave no one behind – Human Development & Digital Inclusion’.
Working with Kenyan VET schools and European organisations we have already secured European Union funding to:
increase young trainees’ knowledge through work readiness and career counselling curricula as tools to boost their practical skills that can ultimately lead towards employment or starting their own business and
build the capacity of Kenyan VET schools to strengthen cooperation between private and public stakeholders in the field of vocational education and training.
In order to address the identified issues that MSMEs are experiencing discussions have been held between Dr Paul Quantock, Chairman of TFEP, local businesses, training institutons, Simon Kiprono Chelugui, the Cabinet Secretary for the Cooperatives and Micro and Small Enterprise Authority and Dr. Erick Rutto, President of the Kenya National Chamber of Commerce, and Industry (KNCCI).
Meeting between Dr. Erick Rutto, President of the Kenya National Chamber of Commerce and Industry (KNCCI) and Dr. Paul Quantock (TFEP)
Contact our Kenya Office
If you wish discuss any TFEP services/programmes contact our Associates Abdiaziz Elmi Yusuf or Leila Ismail