Women Entrepreneurs and MSMEs to be awarded at the 2024 Kayana Female MSME Awards
Kayana Create, a platform that empowers women entrepreneurs, announces the nominees for the 2024 Kayana Female MSME Awards in Nairobi, Kenya on April 23, 2024 . This annual event, now in its third year, shines a spotlight on the remarkable achievements of female entrepreneurs in Kenya and beyond, celebrating their innovation, resilience, and leadership in driving economic growth and social impact.Â
Among this year’s nominees are pioneering businesses such as MRX Media Limited, Spectrum Engineering, and Essen park Limited, each exemplifying excellence in their respective fields. From fostering community cohesion to promoting environmental sustainability, these businesses represent the diverse and impactful work being done by women entrepreneurs in Kenya and beyond.Â
“We are thrilled to honor the outstanding contributions of women entrepreneurs through the 2024 Kayana Female MSME Awards. These awards not only celebrate the accomplishments of individual businesses but also highlight the collective strength and resilience of women in business, driving positive change and innovation across various sectors,” saids Patricia Okelo, Founder and CEO of Kayana Create.
Although Small and Medium Enterprises (SMEs) are the backbone of global business, gender dynamics within Kenya’s SMEs reveal a gap in the sector. In Kenya female-owned SMEs account for 31.4, while 48 percent are male-owned, with the remaining 17 percent co-owned by both genders. Access to startup capital remains a significant obstacle as well due to stringent collateral requirements imposed by financial institutions, further compounded by a lack of necessary entrepreneurial skills.
With that in mind, the inception of the Kayana Female MSME Awards, formerly known as the D.E.E.R MSME Awards was birthed. The awards recognize businesses that have demonstrated excellence in areas such as community impact, environmental sustainability, and the innovative use of technology. They have received over 1000 nominations in nine different categories and intend to foster a nurturing environment where women entrepreneurs can flourish.
In addition to recognizing individual achievements, the Kayana Female MSME Awards also highlight the importance of collaboration and partnership in driving business success. Through initiatives such as the Kayana Female MSME Awards, Kayana Create aims to provide women entrepreneurs with the support, resources, and recognition they need to thrive in today’s competitive business landscape.Â
The public voting phase for the 2024 Kayana Female MSME Awards is now open, allowing members of the community to show their support for their favorite nominees. Winners will be announced at a gala ceremony scheduled for June 15, 2024, where they will receive recognition for their outstanding contributions to entrepreneurship and economic empowerment.Â
To cast your vote, visit Kayana Create’s website. https://www.kayana.org/msme-awards-2024Â
