President Uhuru Kenyatta on Tuesday announced that a business that was started by Benter Mwalo will receive a contribution of Sh. 50 million for expansion.
The president made the announcement when he toured the business facility. The business operates as an EPZ and is expected to employ over 3,000 people by the end of December.
According to Ms. Mwalo, the business has the capacity to employ over 7,000 people with the huge capital injection.
President said that the funds will be released to the business under the small and media businesses funding program.
The business is located in Riat, in Kisumu West Sub-County. It’s founder Ms. Mwalo had initially started as a Mitumba hawker in Gikomba.
“I am impressed by this project that will change the lives of residents and the government we will support it by the huge contribution of Sh. 50 million,” President Uhuru said.
“I want to encourage businessmen countrywide who are able to set up such businesses to do so and I can assure you that as a government we shall support you.”
The president said that the business was an example of how real hustling can transform small entrepreneurs.
“The woman had previously employed casuals but now has up scaled to permanent and pensionable and thus they have steady jobs that can enable them take mortgages and build homes.
“To me that is a way of building this nation. Her target is that by December this year, she will have employed 3,000 people,” said President Uhuru.
“A wealthy nation is determined not by how many wealthy people you have, not by how much money you have but how much wealth you create as a nation and the number of job opportunities you create as a nation and how many young men and women, you can employ.”