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"helping Small Business Owners Scale the Steps to Business Success"

"helping Small Business Owners Scale the Steps to Business Success"
Symbol of Hope for Small Businesses in East Africa

Tuesday, October 30, 2012

LAUNCH OF THE CMA AWARDS KENYA 2012

CMA AWARDS KENYA 2012 – INAUGURAL AWARDS The CMA (Citi Micro-Entrepreneurship Awards) will be held in Kenya for the first time this year. This will be the inaugural CMA Award Kenya 2012. Citi has partnered with the Association of Micro-Finance Institutions (AMFI) to implement the awards program in Kenya. The Citi Micro-entrepreneurship Awards program has three overarching goals: 1. First, the program seeks to raise awareness about microfinance, particularly among micro-entrepreneurs who can benefit from it and regulators who have influence over the expansion of the sector to spur policymaking that builds more inclusive financial sectors and lays the foundation for a flourishing microfinance industry. 2. Second, the program seeks to build awareness of the important role micro-entrepreneurs play in their local economies by highlighting to the world their contributions and talents. 3. Third, the program seeks to catalyze innovations among microfinance institutions that will lead to the increased supply of demand-driven products and enhanced client capability. CMA AWARDS KENYA 2012 – ENTRY ELIGIBILITY Microfinance institutions (MFIs) in Kenya are broadly encouraged to nominate their clients who have exhibited excellence in areas such as loan repayment, business growth, employment growth, and impact on the community for their local Citi Micro-Entrepreneurship Awards program. All nominees must be submitted through a microfinance institution. Micro entrepreneurs may not nominate themselves directly to the awards team in their country. CMA AWARDS KENYA 2012 – MEASUREMENT OF SUCCESS A series of indicators have been established over the past few years to gauge the success of the micro entrepreneurship awards program. A key indicator is the commitment of MFIs (Micro-Finance Institutions), gauged by the number of MFIs that submit applications on behalf of micro entrepreneurs; the number of micro entrepreneurs who are nominated for the awards; encouraging leaders and opinion shapers in the country to support the awards.

Thursday, October 25, 2012

Official opening of Maasai Market at City Mall Nyali in Mombasa by the Director of Trade -Kenya

The Maasai Market located at City Mall in Nyali, Mombasa was officially opened today (24th/Oct./2012) by the Director of Trade Mrs. Joyce A. Ogundo. The occasion was marked by entertainments by a Maasai dancing troop and was witnessed by a multitude of Maasai market traders and other invited guests. The proprietor of City mall, Mrs. Sheila Doshi and the CEO of youth Fund, Mr. Juma mwatata were among the dignitaries who graced the occasion while Mr. Richard Muteti, CEO MSE Sector, was the master of ceremony. The market provides an opportunity to Micro Entrepreneurs to sale and showcases their products and services to the various clienteles who visit the Mall including the tourists. The market provides an opportunity for more than 100 small traders to participate every Wednesday and Thursday. The Minister for Trade Hon. Moses Wetangula who was represented by the Director of Trade hailed the initiative and called upon other Mall owners to initiate the same.

Thursday, October 11, 2012

EABC and ASK Holds the ''EAC Day'' on 5TH October 2012

The East African Business Council (EABC) and the Agricultural Society of Kenya (ASK) in collaboration with the East African Community (EAC) holds the ‘’East African Community Day’’ The EABC and the ASK held the ‘’EAC Day’’ during the just concluded Nairobi International Trade Fair held between 01st and 07th October, 2012. 05th October was designated “EAC Day’’ and set aside to celebrate the EAC Integration and to showcase businesses that are in the forefront of taking advantage of the EAC Integration process. The celebration which included exhibitions, a luncheon and an evening cocktail drew participants from across the private sector businesses across the EAC and beyond. The days’ broad aim was to recognize the efforts of various companies in Kenya that consciously and consistently continue to pursue the East African objectives. The inaugural EAC day for this year was set to be held alongside the Nairobi International Trade Fair on 5th October, 2012 and formed the climax of the Nairobi International Trade Fair which took place from 01st to 07th October, 2012. The event brought together hundreds of exhibitors from over twenty different countries, mainly from Africa, Europe, Asia and the East African region. Objectives of the event were: 1. To showcase those businesses that have a regional outlook as well as those that are looking to expand across the region. 2. To appreciate the private sector participation in EAC integration and to embrace the East African Spirit. 3. To expose the private sector members from the EAC region to business opportunities in Kenya. 4. To expose the private sector members to the international opportunities provided by international trading partners like China, India and others represented in the trade fair; and 5. To expose the EAC private sector to networking opportunities and knowledge sharing experiences with international businesses.