Webinar: When and How Does Formality Add Value for MSEs?
This webinar was held by FSD Kenya on May 11, 2021.
The webinar will share the findings of a new study conducted by FSD Kenya together with the SME Advisory. The research investigated the drivers of formality and informality for Micro and Small Enterprises (MSEs), using Nairobi as a case study. MSEs make a substantial contribution to livelihoods and inclusive growth in Kenya, accounting for 24% of the country’s GDP, over 90% of private-sector enterprises, and 93% of the labour force. Partly due to their informality, however, they continue to face numerous challenges. Drawing on an innovative framework, the study explores the multidimensional nature of (in)formality and its underlying incentives. The findings shed new light on barriers to MSE growth and resilience, suggesting ways to improve the environment for MSEs and their contribution to the wider economy.
44:46 - 59:43 Keynote speaker by Hon. Betty C. Maina, Cabinet Secretary - Ministry of Industry, Trade and Enterprise Development (Represented by Hon. David Osiany, Chief Administrative Secretary- Ministry of Industry, Trade and Enterprise Development