NAIROBI, KENYA, May 24, 2021 -- IFC has partnered with Nation Media Group's Business Daily and KPMG on the upcoming Top 100 SME Awards in Kenya slated for later this year.
The awards, founded by KPMG and Business Daily, recognize and celebrate outstanding medium-sized businesses innovating to solve market challenges and making waves in Kenya. Small and medium-sized businesses account for the majority of firms in Kenya, create millions of jobs in the country and make significant contributions towards the economy.
Over the years, the average number of firms participating in the survey has grown from 300 in 2008 to 800 in 2019. This is testament to the value of the awards, with past winners indicating that their organization's brand and reputation were enhanced as a result of the recognition. Following the two-year hiatus due the onset of the COVID-19 pandemic, this year's awards will identify SMEs that have successfully pivoted and redefined their business in this period.
Speaking at the official partnership signing, Jumoke Jagun-Dokunmu, IFC Regional Director for Eastern Africa said, "IFC is proud to partner with the Top 100 SME Awards. SMEs are critical to the economic and social development of emerging markets – they are the backbone of our economies. Supporting small and medium-sized businesses is at the core of IFC's work in Kenya and we look forward to empowering more of these critical businesses through these awards."
