The Micro and Small Enterprise Authority (MSEA) under the State Department for Micro, Small and Medium Enterprises (MSMEs) Development sensitized its members from the North Rift region on the Micro Small and Medium Enterprise Authority (MSME) Policy 2025 and the Micro and Small Enterprise Amendment Bill 2025.
The policy seeks to harmonize all regulatory frameworks for the MSME sector like formalization and fostering entrepreneurial culture and enhancing skills development for MSMEs.
Speaking during the public sensitization forum on MSME Policy 2025, MSME Amendment Bill 2025, Eldoret, Uasin Gishu, the Team Lead for MSEA Tom Maruti who is also the Director for Hustler Fund, indicated that the amendments to the Micro and Small Enterprises (MSEs) ACT 2012 to Micro, Small and Medium Enterprises (MSMEs) ACT 2025 seeks to promote growth of the sector to even medium enterprises through strengthening enabling legal, policy and regulatory environment for MSMEs, promoting formalization, enhancing access to decent and affordable infrastructure, enhanced market access and economic opportunities and promoting innovation, research and development for MSMEs.
He explained that Micro Enterprises were those with annual turnover of less than Sh1 million, Small with a turn over between Sh1 million and Sh5 million annually while Micro ones earned between Sh5 million and Sh25 million. "The reviewed MSME policy will facilitate the alignment and amendment of the MSME Act of 2012," he noted.
