Discover and read the best of Twitter Threads about #worldcompetitionday
Most recents (1)
Whenever there is a discussion regarding reinvigorating the business environment in Kenya, they inevitably pivot to the fact that MSMEs contribute about 34% of the GDP and employ about 15M people. - @CAK_Kenya
#WCD
#WCD2021
#WCD
#WCD2021
Unfortunately, a fifth of these small firms fail in their first year and just a third survive past their tenth birthday.
The survival rates are attributed to hurdles disproportionately facing SMEs such as unfair competition practices including incidences where buyer firms with superior bargaining power delay payments, impose unfair contract terms or transfer costs when dealing with suppliers.
