Trade, tech firms account for majority of MSMEs

A majority of medium, small and micro enterprises in the country are now concentrated in the trade and information and communication technology (ICT) sectors, a new report by the banking industry lobby has shown.

The two sectors account for 58.9 percent of the MSME sector, which now leads in job creation, especially for the youth, ahead of agriculture, which was previously the dominant hub for enterprises.

The wholesale and retail trade sector has the largest concentration of enterprises, accounting for 38.3 percent, followed by ICT at 20.6 percent, the survey by Kenya Bankers Association (KBA) and Japan International Co-operation Agency shows. Read More.

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