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SMMEs support 33% of jobs, study says

Monday, December 05, 2022 | 450 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.

Human rights are sacred

Bakgatla Ba Kgafela celebrate as Kgosi Kgafela’s charges are dropped

First Lady's office hosts second annual thanks giving ceremony

PSLE performance on upward trend

Bona Life tee-off Maruapula Loxion Golf journey

Cops arrest young man, seize dagga in Metsimotlhabe

Second Mogoditshane rape attack in two weeks

Suspected suicide behind Sir Seretse Khama Barracks

Human rights are sacred