As Africa engages the high gear in empowering small business enterprises and innovators, the increasing demand for shared incubators and office spaces have been on the rise. – By Gerald Gekara.
In a bid to avail these facilities, Uasin Gichu governor Jackson Mandago has supervised the opening of Kikao 64, a shared office and work area designed to boost creativity and foster fintechs.
In his address, Mandago vowed to create an enabling environment for investors in Uasin Gichu in order to foster innovation among Kenyan youths.
“We continue to create enabling environment for the growth of young entrepreneurs in Uasin Gishu. #kikao64 is an idea that will help upcoming businesses build capacity & florish.” Said Mandago.
The office is located along Kenyatta street in Eldoret, Uasin Gichu County.
Shared office spaces are described as co-working facilities and provide employees with shared equipment, space and services including communal copiers, internet and shared lounges.
According to a market survey by Real Estate agency, Knight Frank, the rise in interest is accelerated by the wide array of services and amenities.
“Interest is due to the flexibility that comes with serviced offices in comparison to traditional offices. Serviced offices allow organizations to have flexible lease agreements and office space, lower operating costs and the opportunity of being located in a prime address,” noted the report.