SMEs play a critical role in economic growth both locally and globally being that 90% of all business globally are SMEs. In Kenya, SMEs contribute 33% to our growth GDP. Despite this significant contribution and impact, small businesses continue to face many challenges, including lack of financing, limited market access and unfavourable policies. With such challenges, those adapting sustainability and circular economy are not an exception because this sector is emerging with a lot of innovation.

Investment is key to driving SME innovation within the circular economy sector. Financial institutions and development partners should focus on deploying capital in sustainable solutions and empower business owners with funds management skills, and provide technical assistance to create economic resilience for small businesses for sustainable livelihoods. With such investments, it will enhance employment opportunities and lower the cost of products.

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