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Business Management analysis

Similarities Between Ruto's Bottom-up and Jimi Wanjigi's SME Economic Models

Whereas the Deputy President has maintained that the bottom-up economic model suits well in the future of a better Kenya, Jimi Wanjigi has now settled on SME as the engine that drives the Kenyan economy.

Wanjigi's mission is to scale up the economic revolution using Small and Medium-sized Enterprises (SME).

Taking a look at the two models, there seems bits of similarities.

First, the Dp has always argued that putting resources at the bottom of the wealth pyramid is what will help empower lives of majority of Kenyans as opposed to Raila's trickle-down.

In a nutshell, the dp has reiterated on Mama mbogas, boda boda riders and street vendors, among others, as his target in reviving the country's economy.

While on the same, Jimi Wanjigi's SME will consequently touch the boda boda riders, Mama mbogas, etc. This is because SMEs are businesses that maintain revenues, assets or a number of employees below a certain threshold (which to Ruto's ideology can be referred to as the hustlers).

Secondly, SMEs outnumber large firms considerably, involves the largest percentage of population which is entrepreneurial in nature, which in turn helps to shape an economy.

However, the difference comes in where SMEs are not limited to a particular type of industry and may include small manufacturing facilities, trading companies, retailing and rental.

Of importance to the economy is that both SME and bottom-up economic dispensation involves a population below a given threshold (in this case, not involving dynasties or big firms).

According to Wanjigi, the SMEs in Kenya are under exploited resources.

"SMEs in Kenya are an underexploited resource. This sector is the engine of the Kenyan economy and we must scale them up. My vision of economic revolution will largely be driven by SMEs. It’s time to show the world what we are capable of." He says.

Content created and supplied by: KenyaNews.Co.Ke (via Opera News )

Jimi Wanjigi Mama mbogas SME


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