How SMEs can deliver, hasten sustainability economic growth goals

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Small and Medium-sized Enterprises (SMEs) have over the years been considered to be the backbone of Kenya's socioeconomic development. FILE PHOTO | SHUTTERSTOCK

Small and Medium-sized Enterprises (SMEs) have over the years been considered to be the backbone of Kenya's socio-economic development — accounting for most of the new jobs.

A recent National Economic Survey report by the Central Bank of Kenya indicates that SMEs constitute 98 percent of all businesses in Kenya and create 30 percent of jobs annually.

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