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

Factors that may promote entrepreneurship in Kenya

1. Government support! favourable government policies / funding regulation (of business activities) may en courage the emergence expansion of business venture.
2. Training / in education entrepreneurship! trainees are equipped with skills/ knowledge to undertake entrepreneurial activities to start businesses.
3. Entrepreneurial culture/ cultural practices that encourage entrepreneurship through early exposure to business activities opportunities/ positive attitude towards business.
4. Presence of role model interaction with successful business people who may inspire/ create interest in entrepreneurship! business ownership.
5. Availability of capital/ loans/ credit facilities for start expanding a business (may facilitate entrepreneurship).
6. Political stability non political interference that creates a confused environment for starting/running expanding business.
7. Availability of market/ market information.
8. Availability of security- that ensure safety of businesses/ Property/ Business owners.
9. Healthy/ fair competition that business owners can withstand/ Be safe with.
10. Good government that ensures accountability in conducting business activities.
11. Availability of technology that can lead to the production of desired quality/ quantity of goods/services.
12. Employment creation for self/ others.
13. Independence/ needs to earn an income/ livelihood.

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