7th-Nov-2025 • Mohamed Hassan • African Innovation
In the dynamic world of business, African innovation is not only gaining traction but also redefining the narrative. This growth is particularly evident among Small and Medium Enterprises (SMEs) in Kenya, where innovative solutions are proving to be game-changers.
One area that stands out is digital transformation. Platforms such as Lipabiz Technologies Ltd are revolutionizing the way SMEs manage their operations, enabling seamless business management and payments.
According to a report by the World Bank, Kenya has one of the highest mobile money adoption rates in the world. Leveraging this digital shift, Lipabiz offers a comprehensive solution for businesses to streamline financial transactions, manage invoices, track inventory, and much more.
Another example of African innovation is M-Shwari, a mobile-based banking service that allows users to save and loan money through their phones. This service has been instrumental in promoting financial inclusion, especially for SMEs operating in remote areas with limited access to traditional banking services.
Data insights from the Kenya National Bureau of Statistics reveal that SMEs contributing over 60% to the country's GDP are growing at a faster rate than larger corporations. This growth can be attributed, in part, to their adoption of innovative solutions that improve efficiency and reduce costs.
To tap into this wave of innovation, Kenyan SME owners should consider embracing digital transformation. Here are some actionable steps:
African innovation is not just about keeping pace with the rest of the world; it's about setting new standards. By embracing these innovative solutions, Kenyan SMEs are positioning themselves for sustained growth and success in a competitive market.