Safaricom Urges MSMEs to Deploy Digital Technology to Fuel Business Growth
Safaricom Urges MSMEs to Deploy Digital Technology to Fuel Business Growth
Through its fourth series of the ‘Grow with Safaricom Business’ platform, Safaricom aims to promote the digital transformation of enterprises to boost their competitiveness and drive the country’s economic prosperityy
Safaricom PLC (NSE: SCOM) has hosted the fourth series of the ‘Grow with Safaricom Business’ targeting MSMEs in the Coast region. The forum aims to equip entrepreneurs with knowledge that will enable them to scale their businesses through technology.
Safaricom Urges MSMEs to Deploy Digital Technology to Fuel Business Growth
The engagement forum will also give the MSMEs an opportunity to exchange ideas on how they can leverage digital technologies to enhance their market reach, streamline operations, and create a strong brand presence online.
According to the Kenya Institute of Public Policy, Research and Analysis, there are over 7.4 million MSMEs, employing approximately 14.9 million Kenyans in various sectors of the economy, generating 30% of the GDP.
“Despite the significant contribution MSMEs make to the economy, they continue to face considerable challenges, such as inadequate knowledge and skills and rapid technology changes among others that hinder the growth of their businesses. At Safaricom, we believe in the power of technology and its potential to transform businesses, which is why we are hosting the Grow with Safaricom Business to empower MSMEs,” said Cynthia Kropac, Chief Enterprise Business Officer, Safaricom.
Safaricom Urges MSMEs to Deploy Digital Technology to Fuel Business Growth
As the global economy rapidly digitalizes, it is estimated that 70% of new value created over the coming decade will be based on digitally enabled platform business models.
Launched in March this year, the Grow with Safaricom Business forum will provide ample networking opportunities for MSMEs to connect with peers, industry experts, and potential partners.
