Study highlights SME's economic potential

Study highlights SME's economic potential
Study highlights SME's economic potential

The country's small and medium enterprises (SMEs) hold the potential to revolutionise the country's economy by boosting exports, diversification and job creation, a study by a UN and World Trade Organisation body has shown.

The International Trade Centre (ITC), in partnership with the Ministry of Investment, Trade and Industry as well as the Local Enterprise Authority, conducted the recent study, which covered 616 businesses across the country.

The surveyed businesses were largely of micro-size, with nearly 40% of them headed by women. More than two-thirds of the surveyed businesses do not import or export any goods. The businesses were also mainly into the services sector, with another 28% in agriculture and mining and the balance in manufacturing.

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