Majority of SMEs finding it hard to pay employees on Covid woes

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A trader counting money. FILE PHOTO | NMG

Six in 10 small-sized businesses are struggling to pay salaries amid depressed sales because of economic fallout as a result of Covid-19 pandemic, findings of a survey by suggested on Tuesday.

The survey, commissioned by the Kenya National Chamber of Commerce and Industry (KNCCI), suggests 67.2 percent of surveyed traders faced challenges in paying workers at the end of 2020 compared with 35.3 percent before the pandemic hit.

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Note: The results are not exact but very close to the actual.