MSMEs in Sub-Saharan Africa: An Introduction (Micro, Small and Medium Enterprises - PRESENTATION) (original) (raw)
After reading the executive summary, I boldly assert that the article titled Determinants of Sustainable Development of Micro, Small and Medium Enterprises (MSMEs) in Africa is timely, insightful, interesting and has far-reaching implications for multiple stakeholders in the value chain of MSME has. Undoubtedly, MSMEs serve as drivers of economic growth, employment, value creation in terms of new products and services, and business solutions, ultimately accelerating sustainable economic development in Africa. The factors necessary for the sustainable development of MSMEs in Africa include access to finance, infrastructure and institutional cooperation, access to business information, government support and the use of information technology, all of which contribute to the sustainable development of micro, small and and run small businesses. and medium-sized companies in Africa. To overhaul the barriers facing MSMEs and leapfrog their growth in Africa, the paper makes a passionate appeal to public authorities and other stakeholders to support entrepreneurship and emphasizes that the sustainable development of MSMEs should be viewed as crucial to Africa's economic growth.
Micro, small and medium scale enterprises are the driving force for any economy to develop. Many economies rely on this sector to boost their development as they translate to increase GDP, job creation, poverty alleviation, income redistribution and generally industrial revolution. This study was aimed at identifying those roles played by these MSME's to national development, the problems they encounter in growth and to proffer solution to these problems. To achieve these 50 MSME's were randomly selected from the 4 communities of ONELGA including; 30 MSME's from Omoku, 10 MSME's from Egbema, 6 MSME's from Ndoni and 4 MSME's from Egi. The data was analyzed using a simple mean (average). The findings revealed that Micro, Small and Medium scale industries (MSME's) play a vital role as a base for national development through job creation, poverty alleviation, income redistribution, establishment of indigenous industries. The findings also revealed that MSME's face serious challenges that affect their growth and development. These challenges include; short term loans, high interest rates, stringent collateral security, insecurity, infrastructural decay, lack of patronage and managerial problems.
Assessing the Challenges and Prospects of MSMEs Development: In the Case of Ethiopia 12
For a country like Ethiopia, Africa's second most populous nation, the development of Micro, Small, and Medium Enterprises (MSMEs) helps reduce unemployment and boost the country's overall economy by fostering the growth of industries. Therefore, the main objective of the study is to assess and analyze major challenges hindering the development of Micro, Small, and Medium Enterprises in Ethiopia. Wood and metalwork, food processing, textile and garment subsectors in Nifas Silk Lafto Sub-city/Addis Ababa were chosen for data collection due to the convenience. A questionnaire was used to collect survey data from 291 MSME owners or managers. Descriptive findings revealed that financial, infrastructural, workplace place, and technological factors were identified as the four most severe problems that challenged the development of MSMEs. On the other hand, the results of the inferential analysis indicated that technological, marketing, workplace, and political-legal factors all had a significant effect on the development of MSMEs, except for infrastructure.
SSRN Electronic Journal, 2019
The pillar goals of this study is to examine the status of Micro Small and Medium Enterprises (MSMEs) MSMEs, their contribution to employment creation, income generation, poverty alleviation, to the local, regional and national GDP, stimulating entrepreneurial climate and the challenges and opportunities in the design, implementations, marketing opportunities, linkage (horizontal and vertical), financial sources, dynamics, survival and policy landscape.. Exploring the status and prospects of MSMEs in Tigray, as any part of the world, is a broad concept and engulf multifaceted issues. This study employs many-sided methods of data collection, analysis and presentation in order to address immense issues pertinent to MSMEs. Falling back on the 2011 survey datasets, this study overviews the status and prospects of MSMEs in the region. Sample MSMEs selected for the study was derived from the 2001 E.C. census. They were selected from 18 towns (12 big and 6 emerging towns) of the region applying probabilistic and non-probabilistic sampling techniques We conducted a pilot survey in order to check the effectiveness of the research methodology. Then, a cross-sectional stratified random survey was conducted to obtain data on basic household information (age, gender, and education level), household and group members' income, business establishment information, enterprise characteristics, group formation, MSMEs performance, sources of finance, BDS and Need-Based Training, markets and market linkages, women empowerment, MSMEs constraints and issues of raw material, industrial growth and business closure and determinants. To achieve the stated objectives both primary and secondary data were obtained through 112 Electronic copy available at: https://ssrn.com/abstract=3339701 547. Public institutions of the region provide sufficient help in the starting stage of new business 548. 549. 5551. 552. 553. Public institutions of the region provide help in identifying and developing market opportunities 554. 555. 5557. 558. 559. Public institutions of the region provide support in developing clusters 560. 561. 5563. 564. 565. Public institutions of the region provide support in networking 566. 567. 5569. 570. 571. Public institutions of the region promote internal linkages 572. 573. 5575. 576. 577. Public institutions of the region promote innovation-favorable atmosphere 578. 579. 5581. 582. 583. Public institutions of the region promote technology-transfer 584. 585. 5587. 588. 589. Public institutions of the region support developing human resources/short term trainings 590. 591. 5593. 594. 595. Public institutions of the region support innovating industries/businesses 596. 597. 5599. 600. 601. Public institutions of the region provide guidance when needed 602. 603. 6605. 606. 607. Public institutions of the region play roles in scaling up and scaling out research findings 608. 609. 6611. 612. 613. Government institutions purchase innovative products 614. 615. 6617. 618. 619. Educational policies have positive impact on innovation performance 620. 621. 6623. 624. 625. Regulation policies shape innovation performance 626. 627. 6629. 630. 631. Innovation policies and related support are strongly technology-driven 632. 633. 6635. 636. 637.
CONTRIBUTIONS OF SMALL & MEDIUM ENTERPRISES TO ECONOMIC DEVELOPMENTS IN SUB-SAHARAN AFRICA
CONTRIBUTIONS OF SMALL & MEDIUM ENTERPRISES TO ECONOMIC DEVELOPMENTS IN SUB-SAHARAN AFRICA, 2020
This article investigates the contribution of small and medium enterprises towards the economic development in sub-Saharan African countries. It also examines the SMEs' role in employment creation and the challenges of the sector in accessing credit from most financial institutions. The study collected data from two hundred (200) respondents of SMEs operators in some of the countries (Ghana, Nigeria, and Togo etc.) and the data was analyzed using SPSS with the aid of statistical tools such as tables, pie chat, bar chart, histogram, frequencies and percentages. The research reveal that SME's contribution to the economic developments of Sub-Saharan African countries is overwhelming through the creation of employment, GDP, poverty reduction, empowerment of women, and supporting large companies. However, despite the great contribution of the sector, lack of capital, low level of education, electricity/power issues, and improper records keeping were identified as SME's challenges in the sub-Saharan Africa. The study concludes that: SMEs are very crucial to the development of sub-Saharan African economies so governments and key stakeholders should support their operations to ensure long term sustainability. We recommend that there should be monitoring and supervision by the sectors that provide the SMEs with credit to make sure that SMEs operators use the loans for the intended purposes to reduce default rate and collapse rates for long term existence.
2020
How the political economy impacts micro and small enterprise development Micro and small enterprises (MSE) build the vast majority of businesses in Uganda. This contribution shows that their economic development is not only hampered by 'normal' business constraints faced by many MSEs in developing countries. The system of favouritism prevailing in Uganda's political economy disproportionally affects the MSE sector, impacting the country's economic development to some extent as well. This contribution introduces a new concept of political economy for MSE development based on (1) corruption/rent-seeking, (2) a possible political bias in economic policy towards larger businesses, reflected in the institutional support structure (3) the economic and lobbying power of big enterprises vs. MSEs, (4) and a potentially biased tax system. The concept is applied to the Uganda under Museveni's rule in the period 1994-2014, giving empirical insights that show how political and economic development are intertwined and to what extent this affects MSE development.
Journal of Advance Management and Accounting Research
This research investigated the role of Micro small and medium enterprises to the economic development of Nigeria a case study of Damaturu metropolis Yobe State. The rational for this study is to assess the contribution of the MSMEs sector and dwell on the challenges and level of government support and regulation. Thus, recommending ways of improving the sector for high economic growth. This study adapt a qualitative research method in form of an in-depth interview with eight (8) Micro Small and medium enterprises (MSMEs) managers, a government official from Small and medium enterprise development agency of Nigeria (SMEDAN) and also a credit officer of Microfinance bank in the state. However, the information generated from these sectors was utilised in analysing to reduce bias on the research work and to enable triangulation. The study reveals that Micro Small and medium enterprises is useful engine that promote economic development of a nation like Nigeria by providing employment and self-reliance. Nevertheless, challenges of such sector must especially in the northeastern part of Nigeria where the activity of insecurity (Boko Haram insurgency) is at peak. However, the challenges of the SME sector ranges from high-interest rate on lending, access to finance, government inconsistent policies on MSME, problem of electricity, lack of awareness of SMEDAN policies and programme by SME managers. Moreover, lack of manpower, corruption by military personnel that are place on the highway checkpoint, Bad debt as a result of dead created by the insecurity, ceasing of shop by military to occupy for their residential purpose are the major barriers of SMEs in Damaturu, Yobe State.
Entrepreneurship and SME Management Across Africa
Frontiers in African business research, 2016
This book series publishes monographs and edited volumes devoted to studies on entrepreneurship, innovation, as well as business development and managementrelated issues in Africa. Volumes cover in-depth analyses of individual countries, regions, cases, and comparative studies. They include both a specific and a general focus on the latest advances of the various aspects of entrepreneurship, innovation, business development, management and the policies that set the business environment. It provides a platform for researchers globally to carry out rigorous analyses, to promote, share, and discuss issues, findings and perspectives in various areas of business development, management, finance, human resources, technology, and the implementation of policies and strategies of the African continent. Frontiers in African Business Research allows for a deeper appreciation of the various issues around African business development with high quality and peer reviewed contributions. Volumes published in the series are important reading for academicians, consultants, business professionals, entrepreneurs, managers, as well as policy makers, interested in the private sector development of the African continent.