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Business5 Challenges Faced by SMEs

January 14, 20207885 min

Small and Medium Enterprises (SMEs) are an essential part of any growing economy. According to research, SMEs make up 95% of firms in most countries. These small and medium enterprises create lots of jobs, innovate, and come up with new ideas while also contributing to GDP. In Africa, especially Kenya, SMEs have been instrumental in creating employment for the middle class. While they are vital for creating local products and services, SMEs face a lot...