Discuss five factors that may promote entrepreneurship in Kenya. (10 marks)

Discuss five factors that may promote entrepreneurship in Kenya.

Factors that may promote entrepreneurship in Kenya include:

1. Government support - favourable government policies on funding and regulation of business activities may encourage the emergence and expansion of business ventures.
2. Training in entrepreneurship - trainees are equipped with skills and knowledge to undertake entrepreneurial activities.
3. Cultural practices - some cultural practices encourage entrepreneurship through early exposure to business activities.
4. Role models - interaction with successful business people may inspire entrepreneurship.
5. Availability of capital - capital for starting and expanding a business may facilitate entrepreneurship.
6. Peer group influence - people may be encouraged to venture into business if they associate with friends who encourage them to do so.
7. Availability of market - people venture into business to satisfy customers where there is a gap in their needs.
8. Good infrastructure - This facilitates access to markets.
9. Political stability. This encourages investment and fosters security.

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