OUR STORY.

Kenya Industrial Estates.

Micro, Small and Medium Enterprises (MSMEs) are strategic drivers of socio-economic transformation in developing nations. In Kenya’s Vision 2030 blueprint, growth of the manufacturing sector is among the six drivers of the Kenyan economy under the economic pillar. Sustainable Development Goal number nine identifies building of resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation as key sustainable development. MSMEs play a critical role in job creation and wealth generation in all sectors of Kenya’s economy.

Kenya Industrial Estates (KIE) is a parastatal and a development finance institution (DFI) in the Ministry of Industrialization, Trade and Enterprise Development established by the Government of Kenya to champion the development of Micro Small and Medium Enterprises (MSMEs) throughout the country with focus on clustering of industries, entrepreneurship development and value addition to locally available raw materials.

The mandate of KIE involves: facilitating the industrial sector by promoting entrepreneurship; providing medium and long term development finance to indigenous MSME and incubation of MSMEs countrywide to facilitate their survival and growth. It indeed facilitates the graduation of micro and small enterprises to medium and large enterprises commonly known as the “Missing Middle’’ as well as facilitating rural industrial development.

KIE conducts SME incubation at its industrial sheds/SME Parks and estates. Enterprises within the incubators are able to access a pool of shared support services to reduce overhead/production costs (e.g. water, electricity, waste disposal, security services, training centres/halls and exhibition halls), management and technical assistance which involve skills upgrading, marketing and advisory services; networking services which creates synergy between client firms and associations, and also acquisition of machinery/equipment and financial support services.

SME credit finance involves providing affordable finance for value addition to individual entrepreneurs, small & medium companies as well as youth and women groups for purchase of machinery, equipment and working capital either for expansion, modernization or rehabilitation focusing on the company’s priority sectors. The amount provided per enterprise is Ksh. 100,000 up to a maximum Ksh. 20,000,000 at subsidized/non- commercial interest rate (10% p.a.). The maximum repayment period is up to 8 years inclusive of a grace period of 3 – 12 months.

In addition, KIE offers Business Advisory Services (BAS) to ensure success and growth of its incubation programme, the agency recruits potential entrepreneurs countrywide through sensitization seminars such as Seminar on Business Opportunities (SBOs) and client orientation programmes (COPs). Other BAS services offered include; undertaking feasibility studies, preparation of business plans, project implementation/supervision/monitoring, entrepreneurial and management training, rehabilitation/ expansion and repositioning/modernization of projects, business counselling and need assessment of SMEs;

KIE also facilitates sub – contracting /linkages in an effort to address various MSME constraints such as access to market for their products, the agency facilitates and enhances the establishment of linkages between the small, medium and the large-scale enterprises. The sole objective of linkages and subcontracting is to nurture small and medium enterprises through technology transfer from the large enterprises; KIE upgrades the technology and standards of the SMEs through equipment upgrading, apprenticeship training and provision of working capital to enable them meet the requirements of the large enterprises.

The agency focuses its activities on the following priority sectors which are labour intensive and critical for youth employment: agro-processing; leather and leather products; textile and apparels; wood / furniture & metal fabrication; electrical and electronics among others. The sectors have identified as critical in the Big Four Agenda and Vision 2030.
KIE’s outreach of 37 branches and SME Parks spread across the country ensures the company’s products and services reach a wider customer base.

Our People

Management Team.

Managing director

Dr. Parmain ole Narikae

Dr. Parmain ole Narikae is the Managing Director. He holds Doctorate in Business Administration. He also holds an MBA and Bachelor of Science Degree in Business Administration (First class honors) from United States International University. He has wide experience as a career banker having served in senior leadership position as Chief Manager, General Manager and Executive Director in Co-operative Bank and Chase Bank. He is a member of the Institute of Directors.

He joined on 5th September, 2016.

No members found
OUR IMPACT.

Social Economic Impact of the Organization.

  • Financed over 25,000 MSMEs across the country;

  • Created over 150,000 direct jobs and over 750,000 indirect jobs.

  • Trained over 400,000 entrepreneurs.

  • Created over 5,000 linkages within and across sectors.

  • Supported over 7,000 youth and women owned enterprises.

  • Financed over 25,000 MSMEs across the country;