The economy of a state involves key metrics and stakeholders who play a vital role in ensuring the production and dispensation of services to benefit the people.
Private sectors are the core contributors to our country’s GDP and help the government in the implementation of its agenda.
The move by private enterprises to introduce the fair trade programme was and is a sigh of relief to many who are in the periphery.
Profits from sales among other companies activities are subjected to give back to society initiative, appreciating the employees for good work and members of society for continued support in meeting her goals.
The initiative has seen the number of school dropouts reduce at a rate of 40 per cent.
Parents who were unable to pay school fees for their children are now smiling because the fair trade programme is here to boost the young generation by allowing them to realize their academic dreams.
Reports indicate that the horticulture industry is the leading manufacturer with the highest number of employees either permanent or casuals under this robust programme.
In the 2021/2022 financial year, agriculture, tourism and hospitality were the top industries generating revenues with over 30 per cent of income from her productions despite the adverse effects of the Covid-19 pandemic
The burden of meeting the family motives have been reduced thereby allowing employees to save with Retirement Benefits Authority pay for rent among other necessities.
It is indeed a stress reliever for parents and guardians who in most cases are prone to mental health issues as they have to strain a lot to ensure their families are well.
Approximately 90 per cent of parents and guardians are depressed and stressed amid unflinching efforts to provide for their demanding children and relatives.
As per the labour laws and to boost our health systems and people’s insurance coverage in case of injuries or other risks, private enterprises have ensured all their employees have NHIF, NSSF and KRA for tax purposes.
This is another boost to our country’s big four agenda, however, this is realized by men out there working six days a week.
In the 2021/2022 financial year, agriculture, tourism and hospitality were the top industries generating revenues with over 30 per cent of income from her productions despite the adverse effects of the Covid-19 pandemic.
However, the Sh60 billion allocated to agriculture is still not enough now that water and electricity is a huge problem not only in government entities but also to citizens and private sectors that consume large quantities of power to run machines in factories.
Banks and other financial institutions have taken the button and move to contribute to community development affairs through different initiatives such as education scholarship programmes for children from poor backgrounds.
Equity bank has managed to offer this service to more than 50,000 students something that has boosted education and ensured more potential children acquire education to help themselves, families, friends and relatives in one way or another.
The financial institutions have also been actively involved in development projects in partnership with government and agencies such as road construction, Ajiradigital and even the creation of job opportunities for both literate and illiterate.
Despite all this preponderance by private enterprises or sectors towards giving back to society, they face some challenges in their efforts to make our society great.
One of the challenges is heavy taxation by the government and long procedures for acquiring certifications.
Betting industries are the top victims of these inconsiderate policies, they no longer function well to finance our sports clubs and this explains why Kenya premier League has continued facing financial challenges.
Cartels are making life miserable for Kenyans because of their selfish interest, no subsidiaries and incentives to these enterprises to boost their production base, they incur huge expenses which the returns don’t tally.
It is time we embrace made in Kenya with utmost good faith and intention of boosting our local industries.
Our tax systems incorporated doesn’t benefit us instead we are extorting our industries, corruption being our very heart Kenya will not go far like other nations that have recognized what they want for their people and haven't hesitated to go for it.
China, for example, has managed to pull nearly 800 million people out of poverty, what did they do or what are they doing that we Kenyans and our government can't do?
The time is now for us to recognize that humanity and our lives matter.
Let the government boost in good faith our private sectors because the benefits are quite realistic and achievable to help more people access a quality life.
Communication and media technology student
Maseno University
Edited by Kiilu Damaris
