By John Kamau
Small and Medium Enterprises (SMEs) in Kenya are receiving a significant boost following expanded entrepreneurship and financial literacy training by the Munyiri Africa Foundation (MAF).
Since its establishment in April last year, the foundation has focused on supporting start-ups, particularly youth-led businesses, by equipping them with essential skills, mentorship, and seed capital to help them launch and sustain their ventures.
Speaking during the foundation’s first anniversary, MAF founder David Thagana said the programme aims to tackle unemployment and poverty by nurturing a generation of skilled entrepreneurs. Beneficiaries receive training in financial management, access to markets, networking opportunities with established business leaders, and connections to financial institutions.
Thagana, who also serves as Presiding Bishop at Glory Outreach Assembly Church and Secretary General of the Federation of Evangelical and Indigenous Christian Churches of Kenya, noted that many start-ups fail within two years due to poor management and lack of mentorship. He said the initiative seeks to address these gaps and promote sustainable enterprises.
He emphasised that young people have the potential to drive economic growth if properly supported, urging them to manage resources wisely, avoid wasteful spending, and focus on long-term investment. He also cautioned against habits such as betting, drug abuse and alcoholism, which can derail progress.
MAF official Monica Wairimu called on private sector players, including faith-based organisations, to complement government efforts in addressing youth unemployment through empowerment programmes.
Beneficiaries, including youth representative Mary Waithera, praised the initiative for restoring hope and enhancing their capacity to grow businesses. She said the training has enabled participants to better utilise available funding opportunities and improve their livelihoods.
The foundation’s programme continues to position entrepreneurship as a key pathway for youth empowerment and economic development in the country.
Mt Kenya Times