The Kenya National Chamber of Commerce and Industry (KNCCI) has today hosted its inaugural Business Card Exchange, a structured networking forum aimed at strengthening business linkages, partnerships, and market opportunities among members and key stakeholders.

The event, held in partnership with Absa Bank and Kilimax Software, was officially opened by KNCCI Chief Executive Officer KK Mutai alongside Absa’s Head of SME, Erastus Muthura. The discussions focused on the key challenges facing businesses and entrepreneurs in Kenya, particularly access to capital and affordable financing—issues that have consistently emerged in KNCCI’s Annual Business Barometer surveys.

In his remarks, Mr. Mutai called on financial institutions to develop more inclusive and flexible financial products that cater to high-risk and informal sector businesses. He noted that many enterprises remain underserved, with limited access to affordable credit due to existing banking models.

Mr. Muthura highlighted that the forum provided an important opportunity for Absa Bank to engage directly with businesses, showcase its financial solutions, and better understand customer needs through one-on-one interactions.

Participants also discussed emerging challenges affecting the business environment, including rising energy costs, currency volatility, delays in accessing goods, and increasing shipping costs.

The Business Card Exchange further offered a practical platform for members to showcase their products and services, expand professional networks, and explore new areas of collaboration. The session placed particular focus on businesses in the ICT and manufacturing sectors, enabling more targeted engagement and partnership opportunities within these industries.