Bungoma, Kenya — Small and medium-sized enterprises (SMEs) in Bungoma County are receiving a much-needed financial literacy boost aimed at enhancing their business management skills and fostering sustainable growth. The initiative, launched this month, brings together local entrepreneurs, youth-led enterprises, and women-owned businesses for a series of training workshops and mentorship sessions.
The program focuses on equipping business owners with essential skills such as budgeting, record-keeping, financial planning, and access to credit. By enhancing their financial know-how, participants can make informed decisions, optimize resources, and expand their enterprises. Organizers emphasized that strong financial literacy is a cornerstone for the growth of SMEs, which are pivotal to local economic development and job creation.
Local entrepreneurs have expressed optimism about the initiative, noting that the training provides practical tools to overcome common challenges like cash flow management and limited access to financing. County officials highlighted that empowered SMEs will drive economic growth, create employment opportunities, and increase resilience against economic shocks. With continued support, Bungoma’s SMEs are expected to expand their operations, improve profitability, and contribute to the county’s broader economic development goals.