Zetech partners with Kiambu County Government in capacity building program
Zetech was pleased to partner with the Kiambu County Government in an empowerment initiative designed for Micro, Small, Medium Enterprises (MSMEs) in the county to help them press on despite the negative impact on business by the Covid-19 pandemic.
In collaboration with the County, KCB Bank. MasterCard Foundation, Kenya National Chamber of Commerce & Industry (KNCCI) and Kenya Investment Authority, the University will provide capacity building for the entrepreneurs and enable them to take advantage of affordable loan facilities by the finance partners. The project will see the County Government make it easy for the business owners by pay part of the interest (6%) while business owners will take up the balance (7%).
Kiambu County Governor Dr. James Nyoro celebrated the partnership during an MOU signing that saw all partners comment on the initiative and sign the agreement. “We are very pleased to initiate this project as we know the importance of entrepreneurship and the major role it plays in stimulating growth in both urban and rural areas while at the same time freeing more people from the poverty trap. The loan facilities provided by the bank will ensure business continuity during the crisis,” Dr. Nyoro said. He further lauded the commitment of the University and the other partners to keep businesses solvent in response to the pandemic.
Speaking during the MOU signing ceremony, Deputy Vice Chancellor Dr. Alice Njuguna highlighted that such partnerships result in a resilient and more prosperous Kiambu County. “As one of the best private Universities in Kenya, we understand the importance of business continuity, having invested in a blended online learning programme for students to continue with online degrees, diplomas and certificates during the period.” She said, adding that to complement the academic experience, Zetech increased focus on research and innovation in the period as business research and innovation is vital to any Nation.
Dr. Njuguna added that eager to participate in the Business Development and Financial Literacy for SMEs in Kiambu County through the program, the University through the International Center for Entrepreneurship and Innovation (ICEITD), will provide the below:
• Development of training modules for the SMEs;
• Training the SMEs in identified areas of need;
• Development of an online portal for quarterly updates;
• Offering training materials to empower businesses.
“Training is an important tool for developing the internal capacities of SMEs. In knowledge-based economies, firm-level investments in the upgrading of training and skills is believed to be one of the keys to growth and through this provision, we are certain we will witness and more prosperous Kiambu County. She concluded.