Professionalism curtailing growth of informal sector

Written By: Regina Manyara- Gitau
1903

Professionalism curtailing growth of informal sector

Low levels of professionalism among small traders is curtailing the growth of the informal sector.

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World Chambers Federation President Peter Mihok, has urged the Kenya National Chamber of Commerce and Industry to invest in vocational training so as to build capacity among SMEs and consequently ensure that the available human resource capital has the requisite skills for the job market.

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The informal sector contributes in excess of 35 percent to the Gross Domestic Product and employs over 70 percent of the workforce.

However, the availability of skilled labor is one of the key impediments to growth in the sector.

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As such the KNCCI has been urged to invest in vocational training to build capacity among SMEs.

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Mihok, says professionalism among small traders will provide the much-needed impetus to drive growth that will among others create more jobs.

Mihok was speaking at the Africa chambers leaders forum held in Nairobi.

The two-day event will focus in among others fast-tracking the realization of the African Continental Free Trade Area Agreement as well as explore business opportunities for local and foreign investors.

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KNCCI Chair Kiprono Kittony says there was a need to review trade policies that infringe on the growth of local businesses.

Several African chamber delegates are in the country for the two-day event including Gambia, Ghana, Benin, Netherlands, Sierra Leone, Tanzania, and Uganda.

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