Empowering African Businesses

Kenya: Bank of Africa kick starts SME engagement forums

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Bank of Africa Ltd is set to host a series of customer engagement forums dubbed “SME Clinics”, for small and mid-size businesses (SME’s).

The forums are designed to increase the sustainability of enterprises amidst a dynamic and fast-changing economic environment.

The BOA SME Clinics are targeted at a wide array of businesses including pharmaceuticals, oil and petroleum, farming, real estate, construction and other sectors of the economy.

“The concept was developed a few years back and we are focusing on a topical area that will impart knowledge on scaling up business performance,” said Bank of Africa Managing Director, Ronald Marambii.

He added, “SME’s in Kenya contribute close to half of the country’s GDP and they (SME’s) remain a key focus for the Bank.”

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The Bank has collaborated with industry experts that will tackle topics affecting businesses including; people, processes, funding, risk management and models of scaling up. Additionally, the clinics will offer SMEs insights on how they can better position themselves to leverage on upcoming opportunities such as the “Big Four” projects in the different counties.

The events seek to keep both customers and non-BOA customers educated and informed while offering one-on-one interaction with the experts in the Bank.

“BOA and its partners will offer free consultancy to companies on a monthly basis on how businesses can align their strategies to opportunities at the same time adopt long-term strategies that will increase the sustainability of their enterprises,” said Mr. Marambii.

 

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