The Kenya Private Sector Alliance (KEPSA) where Kenya Flower Council (KFC) is a member last week launched the MSE Act 2012 popular Version in Nairobi. The MSE Act 2012 is the first key milestone towards creating order in the sector to facilitate growth and competitiveness of micro-enterprises. The MSE Act 2012 is a law that was passed in December 2012 after ten years of advocacy and multi-stakeholder consultations; it provides for promotion and development of small businesses.
Speaking at the launch, KEPSA CEO, Ms. Carole Kariuki expressed her optimism in the Act saying that the Micro and Small Enterprises (MSEs) can now grow to the next level to Small and Medium Enterprises (SMEs) which are the main stay of economies world over. Carole recognized the tireless efforts of retired President Hon MwaiKibaki and his commitment to the Act, Hon F.T. Nyammo, Chairman Inoorero University, who rallied support for the bill from Members of Parliament to the point it has now become an Act. This process was championed by various stakeholders including members of the Micro & Small Enterprises Federation (MSEF) including the Kenya National Association of Vendors and Informal Traders (KENASVIT), Kenya Gatsby Trust (KGT) (now Kenya Markets Trust – KMT), Centre for International Private Enterprise (CIPE), Kenya Institute of Public Policy Research and Analysis (KIPPRA) led by KEPSA.
KENASVIT Chairman, Simon Ole Sangale, said the MSE Act 2012 augments a healthy business environment; its application will raise employment levels in the country. He added, together with his organization KENASVIT they are looking forward to the full implementation of the Act to lay a culture of buying local products to create more jobs and necessary support to be given to the MSE sector.
Source: Kenya Private Sector Alliance