An Assessment of Inclusive Business Practices in Kenya
KIPPRA held the second stakeholders’ workshop to disseminate and discuss preliminary findings of a pre-assessment survey on inclusive business practices in Kenya.
The concept of Inclusive Business (IB), which is the practice by firms to integrate economically excluded segments of the population into their business strategies/models, has the potential for development. This is because it not only seeks to improve access to quality and affordable products and services, generate income and livelihood opportunities for the bottom of the pyramid (BoP) population, but also boosts the firm’s productivity.
Inclusive growth has increasingly become an important policy issue, as emphasized in development agenda such as Sustainable Development Goal (SDG) 8, AU Agenda 2063, Kenya Vision 2030 and the Big Four Agenda. The overall objective of this project, therefore, is aligned towards the goal of achieving inclusive growth. This study seeks to analyse the contribution of inclusive entrepreneurship to the well being of the BoP population, which is considered underserved and economically excluded. The research project is designed to be undertaken in collaboration with stakeholders particularly those in the private sector (firms and beneficiaries of IB).
The workshop, which was held on September 12, 2018, was aimed at getting feedback from firms that have integrated inclusive business practices in their operations, especially those that were interviewed by KIPPRA in the process of data collection.
Some of the feedback from the participants included suggestions of firms to be included in the next phase of assessment such as those in the textile sector. A number of participants also emphasized the need for the government to give incentives to encourage firms to adopt inclusive business practises.
Among the firms that were represented in the forum include: Kenya Private Sector Alliance (KEPSA), Kenya Tea Development Agency (KTDA) Foundation, Burn Manufacturing, Melvins Tea, Limuru Dairy, Weetabix East Africa, CMC Motors, New Kenya Corperative Creameries, Daproim Africa, Eureka Nuts EPZ, Mobius Motors and Kenya Climate Innovation Center (KCIC).
While thanking the stakeholders for their support and participation, KIPPRA also requested for support in the next stages of the project, which include collection of primary data, focus group and individual interviews, case study documentation, and descriptive and economic analyses.