Public Forum on Business Opportunities in the Big 4 Agenda
|Post Date: 11 October 2018 | Category: General | Hits: 91|
The Institute of Economic Affairs (IEA Kenya) in partnership with Alternative Africa held a policy dialogue under the theme ‘Business Opportunities in the Big 4: Access to Capital and Investor Readiness’ on the 9th of October 2018 at the Sarova Hotel, Nairobi. The meeting sought to examine the opportunities for SMEs and youth groups in the financial sector in Kenya, and how to tap into such opportunities to realize the Big 4 Agenda. The event was chaired by Mr. Kwame Owino, Chief Executive Officer of IEA.
Speaking during the youth economic dialogue, Mr. Kris Senanu reiterated that the Big 4 Housing pillar be locally driven to facilitate the participation of SMEs that ought to be guided on what item to produce for the project. For instance, if it is doors, how many are needed, the kind of door required, its measurements as well as materials needed.
Local entrepreneurs must embrace the use of the internet when seeking opportunities or marketing their commodities, said Mr. John Ngumi, Chairman of Kenya Pipeline Company. All transactions must be done on a single portal where small scale traders located anywhere in the country will easily engage project implementers. Without such a portal enabling locals to participate, the Big 4 development agenda is doomed to fail, quipped Ngumi.
The discussions were vibrant and engaging and brought together entrepreneurs and SMEs, bankers, economists, advocates, university students and the media. Among the panelists in attendance were; Rina Hicks (Investment Banker, Faida Investment), Olive Gachara (Investor, KCB Lions Den), Nelson Ashitiva (Senior Partner, Ashitiva Advocates), Eric Muriuki (New Business General Manager, Commercial Bank of Africa - CBA), and Tonee Ndungu (Founder, Nailab and Kytabu).