Kenya, South Korea agree on policies to support MSMEs growth, job creation

Kenya, South Korea agree on policies to support MSMEs growth, job creation

Kenya and South Korea business organisations have signed a partnership agreement to fast track trade and investment.

They agreed to pursue development-oriented policies that support job creation, entrepreneurship, creativity, innovation and encourage the growth of Micro, Small and Medium Enterprises.

The agreement also seeks to promote effective Public-Private Partnerships and address youth unemployment.

The deal was signed by the Kenya National Chamber of Commerce and Industry (KNCCI), the Korea Institute of Procurement and South Korea’s SDG Youth.

President William Ruto said Kenya has created an enabling environment to attract investors.

He welcomed the South Korea business community to invest in major projects in transport, infrastructure, agriculture, health and ICT in Kenya.

Kenya, he added, had put in place laws to facilitate Public-Private Partnerships.

“Kenya has tremendous human talent. You can get any skill you need.”

President Ruto was speaking in Seoul, South Korea during a business forum to unlock trade and investment opportunities between Kenya and South Korea.

The organisations also agreed to prioritise investments that will fast track the realisation of the United Nations (UN) 2030 Agenda for Sustainable Development.

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Lawrence Baraza is a prolific writer with competencies in Digital Media, Print, and Broadcast. Baraza is also a Communication Practitioner currently spearheading Digital content on Metropol TV's Digital Desk.

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