Best governance practices SMEs should adopt to grow

Hiring skilled directors helps SMEs to attract investors. FILE PHOTO | NMG

A small or medium enterprise (SME) has been defined in several quarters including the Organisation for Economic Co-operation and Development as an enterprise that has less than 250 employees. SMEs, therefore, make up a large percentage of Kenyan businesses.

According to the Kenya National Bureau of Statistics, there are about 17 million registered SMEs.

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