Entrepreneurship is the process that creates people (entrepreneurs) who contribute to economic development in various ways. The contributions are made through:
- Stimulating indigenous entrepreneurship and technological development.
- Creating jobs for themselves and other people
- creating wealth and distributing income
- Utilising locally available resources
- Dispersal and diversification of economic activities and mobilisation of savings.
- Promotion of entrepreneurial culture i.e. they become models to be imitated by potential entrepreneurs because of successful images already potrayed by existing entrepreneurs.
- Increasing regional business activities through the export of manufactured goods.
- Promotion of indigenous/local technology e.g. use of jua kali technology.
- Raising the economic productivity level.
- Narrowing the “missing middle gap”
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