SMMEs support 33% of jobs, study says

Monday, December 05, 2022 | 460 Views |

Grassroots support: Formal and informal sector SMMEs are the bedrock of both jobs and the broader economy PIC: PHATSIMO KAPENG

The country’s Small, Medium, and Micro Enterprises (SMME) contribute 14% to the Gross Domestic Product (GDP) and are responsible for about 33% of the country’s employment, a new study by the Local Enterprise Authority (LEA) indicates.

The informal sector contributes about six percent to the economy, while the formal contributes eight percent, the study done in collaboration with the Botswana Institute Development Policy Analysis (BIDPA) says.

The research, unveiled by the two organisations this week, also indicates that informal SMMEs are mostly owned by females, who tend to be less educated and relatively youthful.

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SMMEs support 33% of jobs, study says

The country’s Small, Medium, and Micro Enterprises (SMME) contribute 14% to the Gross Domestic Product (GDP) and are responsible for about 33% of the country’s employment, a new study by the Local Enterprise Authority (LEA) indicates.

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DPP orders inquest into Palapye police shooting

AG consents to judgment over defamatory allegations against Khama

Girl, 14, raped on way to school

Teen arrested after allegedly threatening mother

Radisele Bishop found dead in apparent suicide

STI fears linked to young man’s suicide

Soldier recovering after knife attack

Steel bar attack leaves one dead in Mogoditshane

Gov’t needs to give health care urgency it requires