Browsing: East African Businesses

Small and Medium Enterprises in the region recognize the potential of working with public-private partnerships, and 63 percent of them think private sector initiatives and partnerships will benefit businesses and the markets in which they operate.

This has been revealed in a study conducted by Mastercard dubbed MEA SME Confidence Index.

The study also reveals that one in three SMEs or 32 percent think that collaborating with governments and businesses outside their markets could impact their growth. In Southern Africa this was especially pronounced, with over half at 56 percent agreeing.

The research also highlights the important role of government support in helping small and medium enterprises across the region to recover, position for growth, and contribute to economic prosperity.

As such, government support and implementation of effective policies has been highlighted as important by 88 percent of the region’s SMEs, 50 percent of which rated this point as a …