Many SMEs may use an inappropriate technology because it is the only one they can afford. There are various other financial challenges that face small enterprises.
Therefore, without the robust economic performance of these major economies, the contributions by others such as Rwanda, Ethiopia which have experienced incredible growth rates in the past decade is small.
What you can read next. In this article, the following challenges are briefly discussed: Fourthly, government should come up with proper regulatory policies that are small enterprises friendly since many of what we have in Kenya, frustrates every effort of a junior entrepreneur.
Lack of these basic infrastructures particularly when the majority of the population is located has been the Achilles hill in the Africa battle of modernization. This is due to inability to interpret the statistical data Muteti, and poor connectivity especially in rural areas.
According to the proceedings of the National Investment Conference, NovemberKenya still stands in need of better infrastructures. It has registered higher volumes of tourists, owing to increased movements across the country. SMEs in ICT appear to be doing well with the sprouting of many commercial colleges offering various computer applications.
Tourism in Kenya, Tanzania, and Uganda: The government is also expanding air travel infrastructure nationwide to meet the ever-increasing demand for airlines.
Kenya also suffers shortage of social services like modern hospitals, sports and other recreational facilities.
The first problem is massive destruction of wildlife. Majority of those who run SMEs are ordinary lot whose educational background is lacking. Since most tourist attraction sites are in remote areas, they are far from available services.
Despite the vast amount of trade-related information available and the possibility of accessing national and international databases, many small enterprises continue to rely heavily on private or even physical contacts for market related information. Impacts of SMEs on Africa 1.
The country also suffers tribalism, which creates a volatile environment, characterised by violence and high tension. As such, every effort should be made to boost their growth.
Hence they may not well equipped to carry out managerial routines for their enterprises King and McGrath My personal critical Review concerning Slum Tourism in Kenya. It has fascinating wildlife, biodiversity, and culture.
Research shows that majority of the lot carrying out micro and small enterprises in Kenya are not quite well equipped in terms of education and skills. Emphasis should be on the promotion of the local tool industry to reduce reliance on imports.
Poor Infrastructure Poor infrastructures pose a major challenge to small enterprises in Kenya. Conclusion and Recommendations One major question we should pose is: Still, there is evidence that SMEs have the potential to initiate minor technological innovations to suit their circumstances.
However, the government has stepped up efforts to win back tourists from other parts of the world. The lack of the investments in infrastructure of the rural areas has also dwindled the global multinationals from doing business in Africa.
The typical owner or managers of small businesses develop their own approach to management, through a process of trial and error.
Look no further; our company offers high quality custom-made papers, written by professionals in different fields at affordable prices. There is digital pide between the rural and urban Kenya. Scanty Markets Information information asymmetry Lack of sufficient market information poses a great challenge to small enterprises.Free essay on IMPACTS OF SMEs ON AFRICA available totally free at billsimas.com, the largest free essay community.
The IMF notes that apart from Kenya and Senegal that are experiencing the growth rates above 5%, the majority of other countries in the sub-Saharan Africa are experiencing a depressed growth rate. Students who utilize any. FREE RESOURCES; ORDERNOW. Sample Essay on Tourism in Kenya.
My personal critical Review concerning Slum Tourism in Kenya. London: GRIN Verlag, Laws, Eric, Bruce Prideaux, and Chon, Essays Experts provides Essays Help to students all the over the world.
The Essays must be used with proper reference. "Challenges Facing Growth Of Smes In Kenya" Essays and Research Papers Challenges Facing Growth Of Smes In Kenya SMALL AND MEDIUM-SIZED ENTERPRISES " SME " stands for small and medium-sized enterprises – as defined in EU law: The main factors determining whether a company is an SME are: 1.
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BY. ANTHONY KENNEDY GITAU. UNITED STATES INTERNATIONAL UNIVERSITY.Download