KAM CEO’s Brief | 12th January 2018

Entrepreneurship skills key for economic growth

Kenya Association of Manufacturers (KAM) participated in the launch of the book entitled ‘Developing Africa’s Financial Services – The Importance of High-Impact Entrepreneurship’.

The book, sponsored by the World Bank, articulates how high impact entrepreneurs have disproportionately high impact on economic development of their countries through economic growth, job and wealth creation and social transformation.

Speaking during the launch, Equity CEO, Dr. James Mwangi emphasized the need to promote entrepreneurship skills development for Africa’s economic growth.

“If we truly want to change African we have to prepare the next generation to become entrepreneurs who are hungry for growth so that we truly can create sufficient wealth that can cure our poverty problem,” added Dr. Mwangi.

KAM Chief Executive, Ms. Phyllis Wakiaga noted that entrepreneurship is key as it creates new businesses, promotes social change, drives wealth and job creation.

“KAM through its Manufacturing Priority Agenda has focused on; promoting industrial exports, deepening global market integration, increasing Kenya’s engagement in global trade and international investment with multinational enterprises.

KAM will continue driving key discussions in this aspect at national level to develop policies that favor the growth of SMEs, removing unnecessary barriers that discourage their growth and expansion,” added Ms. Wakiaga.

The book launch was graced by, among others, Bidco Africa Group Chairman, Mr. Vimal Shah, Ernst and Young East Africa CEO, Gitahi Gachahi, Strathmore University Business School Dean, Dr George Njenga.