From left: KNCCI Chairman Kiprono Kittony, Gulf African Bank (GAB)
managing director Mr Abdalla Abdulkhalik and KNCCI CEO Angela Ndambuki
during the signing of the deal on March 22. PHOTO | DIANA NGILA
Gulf African Bank has partnered with the Kenya National Chamber
of Commerce and Industry (KNCCI) to train managers of women, youth and
disabled people’s companies eyeing county and national government
tenders.
GAB’s managing director Abdalla Abdulkhalik
said the programme aims to increase the number of groups benefiting from
county and national government contracts and ultimately increase
opportunities for low income earners.
Mr Abdulkhalik
said the MOU will also enable KNCCI to lobby Council of Governors (COG)
and the national government to pay promptly for payments to ensure the
groups grow businesses.
“Any delay in payments eats
into company profits and this is bad for business. We want all groups
regardless of their location in Kenya to be included in the economic
till thereby uplifting livelihoods across Kenya,” he said.
KNCCI
chairman Kiprono Kittony said closer working partnerships with local
banks will boost the SME sector and help them break into bigger
contracts.
“We want SMEs to manage bigger contracts
upon repayment of loans received to fund purchase and delivery of
various products to government agencies,” he said.
KNCCI will in April meet with the governors lobby to deliberate on issues causing delayed payments.
Mr
Kittony said they have also reached the national government with the
message of fast-tracking release of budgetary allocations to county
governments, saying this had been identified as a major hindrance to
smooth running of businesses owned by the three special groups.
No comments:
Post a Comment