CIS-1517-1/2022 BUSS 221

1. The government has put in place a number of strategies to promote group business start-
ups because they are a significant component of the Kenyan economy.
2. One of the primary methods is to provide financial assistance to emerging businesses. The
government offers grants, loans, and other forms of financial aid to entrepreneurs who are
establishing new firms. This helps to cover the costs of starting a business and makes it
easier for entrepreneurs to launch their ventures.
3. The government also offers business training and mentorship to assist entrepreneurs in
developing the skills required for success. This ensures that entrepreneurs are very well to
deal with the obstacles of operating a company and get the most out of their start-ups.
4. In order to encourage firms to establish operations in Kenya, the government offers tax
breaks. These tax breaks enable firms to just save tax revenues, giving them more money
to make investments in their operations. This is highly helpful for group businesses because
it allows them to pool their resources and maximize their profits.
5. The Kenyan government has introduced a range of employment support schemes to help
its citizens find gainful employment. These include the Youth Enterprise Development
Fund, the Kenya Youth Employment and Opportunities Project, the Women Enterprise
Fund and the Uwezo Fund.