THIKA – At the Entrepreneurship Hub Africa 2024 forum held at Mount Kenya University, Kiharu Member of Parliament Ndindi Nyoro emphasized the critical role of entrepreneurship in Kenya’s economic future. He advocated for comprehensive policy support across various sectors to bolster entrepreneurial activity and drive national prosperity.
According to Kenya News Agency, successful global economies like South Korea have demonstrated the transformative power of governmental backing for entrepreneurs. He argued that Kenya could achieve similar economic strides by fostering an environment conducive to business innovation and growth. “The true agents of change for Kenya are its entrepreneurs,” Nyoro stated, emphasizing that governmental roles should focus on policy enhancement to support economic development.
Nyoro further highlighted the need for government initiatives to nurture an entrepreneurial culture through awareness campaigns, acknowledgment of entrepreneurs’ contributions, and financial support mechanisms like grants and loans. He pointed to international success stories, such as Hyundai, as examples of how government support can propel businesses onto the global stage.
Echoing Nyoro’s sentiments, East African Legislative Assembly Member Maina Karobia urged Kenyan entrepreneurs to tap into the expansive East African Community market, emphasizing the importance of regional integration and the elimination of trade barriers to facilitate business expansion.
Additionally, Digital Strategist Dennis Itumbi addressed the forum, encouraging the youth to leverage digital opportunities, including digital currencies. He advocated for the reintroduction of World Coin in Kenya, predicting its significant economic potential and pledging to campaign for its acceptance.
The forum underscored the collective call for actionable entrepreneurship policies and cross-border trade facilitation, aiming to unlock Kenya’s economic potential through innovation and regional collaboration.