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Biz4afrika Kenya Online Hub to Promote SMEs, Boost Intra-African TradeThursday, April 02, 2015 > 11:29:08
By Emeka Aginam
At the Connected East Africa Summit holding in Nairobi, Kenya, Microsoft 4Afrika has launched an online hub for Kenyan small and medium enterprises (SMEs) to access locally relevant information and resources to promote SMEs and improve trade.
The new online portal will provide one-stop shop for information resources and business services for small and medium enterprises.
Biz4Afrika is an Africa-wide network of SMEs designed to enable a sustainable and connected community of entrepreneurs that will have a meaningful impact on job creation, global competitiveness and wealth creation in the long run.
Started by the Kenyan ICT Authority in 2009, the former Kenya ICT Summit is being expanded to East Africa for the first time with the theme, 'the strength is in our networks'. The goal is to promote the ideals of a shared ICT infrastructure and a talent pool of young innovators and entrepreneurs that will promote regional trade.
Country Manager of Microsoft Kenya, Kunle Awosika, while delivering his key address on the summit focused on the importance of the SME sector to boost intra-African trade, said that, "East Africa has already been cited by Harvard University as having surpassed the tipping point from primarily exporting raw materials to creating and exporting value-added goods and services. The continued shift from a labour-based economy to a knowledge economy will require increased online presence, particularly by SMEs who contribute about 45% of Kenya's GDP."