Ministry of Cooperatives has managed to open global market for 483 Kenyan Micro and Medium businesses.
Cooperatives Cabinet Secretary Wycliffe Oparanya, on Wednesday, announced that his Ministry had facilitated 483 Kenyan Micro, Small and Medium Enterprises(MSMEs) to access multi-billion markets in the East African Community market.
In a press statement delivered by the CS during the East Africa Community(EAC) MSMEs Trade Fair, the CS announced that the opportunity enabled Kenyan enterprises to boost their market share and strengthen their presence in the East African Community.
Oparanya revealed that the opportunity for Kenyan businesses meant that the companies from Kenya would now be able to access a market size of approximately Ksh 44.6 trillion ($305 billion).
”The annual trade fair has distinguished itself as an instrument for promoting intra-EAC trade and investment by enabling businesses to interact and access market information and opportunities,’’ Oparanya stated.
”This event has presented an opportunity for 483 Kenyan MSMEs to further understand the emerging market dynamics and business practices to facilitate business linkages for increased trade,’’ the CS added.
He revealed that the market opportunities would enable the Kenyan companies to access a greater market for their products especially with the expansion of the East African Community, in terms of its member states.
