In a significant step towards strengthening economic ties between Kenya and Jordan, I hosted a team from the Jordan Enterprise Development Corporation (JEDCO) to explore key avenues for collaboration and expansion of the country’s Micro, Small, and Medium Enterprise sector. The discussions centered on potential areas for collaboration, including trade, investment, technology transfer, and capacity building.
Kenya’s MSMEs play a crucial role in the country’s economic growth, and by leveraging partnerships with organizations such as JEDCO, they can enhance their competitiveness on the global stage.
In 2023 alone, Kenya exported goods worth approximately $25.53 million to Jordan, with agricultural commodities like coffee, tea, and fruits,making up a significant portion of these exports.
Strengthening MSME collaboration between the two countries will further boost these trade relations and create new opportunities for businesses.
JEDCO’s expertise in helping Jordanian SMEs expand into international markets presents a valuable opportunity for Kenyan MSMEs to access Middle Eastern markets. Increased export opportunities and diversified revenue streams will contribute to the long-term sustainability of small businesses in Kenya.
By facilitating access to new markets, particularly in the Middle East, Kenyan MSMEs can scale up their operations, boost exports, and contribute significantly to job creation and economic development. Sharing best practices in policy development could help create a more supportive environment for MSME growth in Kenya.
The ongoing collaboration plans between JEDCO and Kenya’s MSME sector will unlock new opportunities for growth, innovation, and international trade.