A group of investors and SME entrepreneurs on May 18th convened at the Nairobi’s Memorial Conference Hall to discuss the future of small businesses in the country with regards to financing. The event attracted prominent business leaders from different sectors. Topics of discussion included Business branding/marketing to attract investors, how businesses can become investor ready, legal aspects of partnerships and how SMEs can benefit from key financial service providers. Organizations present included Kenya National Chambers of Commerce and Industry, Kenya Investment Authority, Ringier Africa, Women enterprise fund among others.
The Money Talk Summit is intended to be a long term project that will assist bridge the knowledge and information gap between entrepreneurs and financial service providers.
It came out that partnerships between different sectors are important in order to realize effective economic growth. It was also clear that financing is a challenge to all startups and 80% of SMEs do fear taxes.
The event was planned and convened by 24 year old entrepreneur, Shirlene Nafula of Astar Afrique Services, Phyllis Wangwe of Pens Global Services – a legal and financial advisor and moderated by a Media personality – Brenda Kilonzo (Media That Transforms).