Catalyzing Digital Financial Inclusion: Recap of Nairobi Workshop on Digitalisation Toolkits

Mon Jun 2024

Catalyzing Digital Financial Inclusion: Recap of Nairobi Workshop on Digitalisation Toolkits

The recent Digitalisation Toolkits for Greater Financial Inclusion Workshop, held from December 6th to 8th, 2023, in Nairobi, Kenya, stands as a testament to the transformative potential of digital empowerment for Micro, Small, and Medium Enterprises (MSMEs). The workshop served as a dynamic platform, empowering over 50 diverse MSMEs across leather, agriculture, services, and food processing industries through a comprehensive capacity-building initiative.

Empowering Through Knowledge and Vision

The workshop was a fusion of strategic business insights, logistics, negotiations, and risk management, presenting an array of tools vital for navigating the digitalized business landscape. The esteemed Guest of Honour, Hon. Alfred Ombudo K’Ombudo, Principal Secretary, State Department for Trade, Ministry of Investment, Trade and Industry, set the tone with insightful remarks emphasizing the pivotal role of skills development, cyber security, and adaptable regulatory frameworks in catalyzing economic growth and fostering trust in digital financial services.

Insights for Growth and Innovation

Mucai Kunyiha, 1st Vice President of the COMESA Business Council and former President of the Kenya Association of Manufacturers, shared an inspiring vision for private sector growth amidst the digital revolution. His insights illuminated CBC’s innovative strides within the digital retail payments space, signaling promising avenues for enhanced intra-COMESA trade, particularly benefitting women entrepreneurs.

Engagement and Entrepreneurial Brilliance

Throughout the three days, the workshop buzzed with energy, hosting engaging sessions encompassing Q&A discussions, group exercises, case studies, and reflections by entrepreneurial trailblazers. Participants seized the opportunity to showcase their products, offering a glimpse into their remarkable work, igniting inspiration and camaraderie among attendees.

Acknowledgment and Gratitude

The success of the workshop was further amplified by the invaluable support extended by the Kenya State Department for Trade, Ministry of Investment, Trade and Industry, and the Kenya Association of Manufacturers. Their unwavering support was instrumental in creating an environment conducive to learning, growth, and fostering a spirit of innovation.

Anticipating Future Initiatives

As the workshop concluded on a high note, the anticipation for future engaging sessions that champion innovation and trust in digitalization for MSMEs remains high. The initiative underscores a commitment to empowering small businesses with the tools and knowledge necessary for navigating the digital landscape, ultimately enhancing their access to market opportunities.

This capacity building initiative serves as a cornerstone in the journey towards digital empowerment, reflecting the transformative potential of equipping MSMEs with digitalization toolkits. Anticipate more impactful initiatives aimed at propelling small businesses toward success in an increasingly digitalized business ecosystem.