Kenya: Old Mutual launches Business Roundtable to link SMEs with growth networks

The Old Mutual Group has introduced the Old Mutual Business Roundtable, a platform designed to promote collaboration and growth among SMEs in East Africa.

The Roundtable will also focus on addressing the challenges SMEs face, such as Despite the wide range of financial service providers in the country, including banks, insurance companies, and mobile services, SMEs often struggle to effectively navigate and utilize these resources. The Old Mutual Financial Services Monitor (OMFSM) reveals that only 13% of business owners have a financial advisor, while 43% are uncertain about where to seek financial support. Consequently, 20% of business owners are grappling with debt, and 46% are experiencing significant financial stress.

The Old Mutual Business Roundtable is designed to bridge this gap by streamlining connections between entrepreneurs and the solution providers that can address their common challenges. This initiative will provide SMEs with a structured environment for knowledge-sharing, insights into market trends, and access to innovative financial solutions available through Old Mutual’s portfolio and extensive networks.

the lack of tailored financial solutions and networking platforms.

Speaking at the launch, Old Mutual’s Group CEO Arthur Oginga said, “At Old Mutual, we recognize the vital role SMEs play in driving economic growth and the considerable challenges they face on a daily basis. Through the Business Roundtable, we aim to provide them with a dynamic platform where they can connect, learn, and access the support necessary for their success.”