Youths urged to venture into MSE businesses
19 September 2013, 22:04
Nairobi - Jobless youths have been asked to venture into Micro and Small Enterprises businesses (MSE) to eradicate the growing rate of unemployment which contributes to many social problems.
Addressing the press and responsible business stakeholders during the launch of the MSE 2012 Act, Adan Mohamed, Cabinet Secretary for the Ministry of Industrialization and Enterprise Development, said that youths should fully take part in the MSE businesses now that the government has provided them with the recently launched Uwezo Fund.
"The inception of both the MSE 2012 Act and the Uwezo Fund gives youths an opportunity to venture into businesses of their choice especially micro and small enterprises which contribute to about 18.4 % of the country's annual Gross Domestic Production," said Mohamed.
"Citizens' purchase of locally made products would immensely contribute to both job and wealth creation hence cutting costs of importing goods that can be produced locally," he added.
Mohamed said that the MSE sector has experienced many challenges for a long time in protecting and promoting participatory traders, and assured youths that the MSE 2012 Act will ensure safety of business operators from harassment by regional administrators.
He urged the Micro and Small Enterprise Authority (MSEA) to work collaboratively with Kenya Private Sector Alliance (KEPSA) and Kenya Alliance For Street Vendors And Informal Traders (KENASVIT) for annual realisation of over 90% job creation in the economy.
Paul Ngugi, Chairman of the Micro and Small Enterprises, challenged youths to engage in MSE businesses now that the government has provided more than 30 % of its procurement to youth enterprises.
Ngugi added that the then launched MSE 2012 Act legislated in the parliament will ensure that all informal business operators in the streets are respected in their places of work without harassment by council askaris.
"The launching of this Act marks an end to MSE operators' harassment by the council askaris provided that the traders have met the laid down trading requirements," said Ngugi.
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