8th-Nov-2025 • Brendah Akinyi • Women in Business
Small and Medium Enterprises (SMEs) across Kenya have witnessed a significant shift in the business landscape, thanks to the growing contribution of women entrepreneurs. With resilience, innovation, and determination, these trailblazers are redefining success and driving growth within their respective industries.
According to a report by the International Finance Corporation (IFC), women-owned SMEs in Kenya contribute about 32% to the country's Gross Domestic Product (GDP). Despite this substantial impact, there are still obstacles that these entrepreneurs face.
One of the primary challenges is access to capital. The World Bank reports that women-owned businesses in Kenya have lower loan approval rates compared to their male counterparts. This gap can be bridged through initiatives like the Women Enterprise Fund, which provides affordable credit and business development services for women entrepreneurs.
Networking and mentorship opportunities play a crucial role in fostering growth within SMEs. Platforms such as the Kenya National Chamber of Commerce and Industry (KNCCI) Women in Business Network offer avenues for women entrepreneurs to connect, share experiences, and learn from each other.
In today's digital age, leveraging technology can provide a competitive edge. Platforms like Lipabiz offer comprehensive business management solutions, making it easier for SMEs to manage finances, inventory, and customer relationships.
Government policies that encourage gender equality in the business sector are also essential. For instance, the Affirmative Action Act mandates public entities to reserve 30% of procurement contracts for women-owned businesses.
As we continue to celebrate and support these women entrepreneurs, it's important to remember that their success not only contributes to personal growth but also fosters economic development in Kenya. By providing the necessary resources, tools, and opportunities, we can create a conducive environment for women to flourish and drive SME growth across Kenya.