Delayed payments adverse Micro Small and Medium Enterprises: Policy options and Best practices
Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) Uganda
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Uganda’s domestic private Sector is dominated by Micro Small and Medium Enterprises (MSMEs) comprising approximately 1,100,000 enterprises. MSMEs are potential engines of growth for innovation, wealth creation and economic development. However, the majority of these enterprises are on a micro to small scale; and are predominately informal and young. Most of these enterprises are characterized by a high enterprise mortality rate and don’t usually survive to celebrate more than 5 years, with over 90% of them often not surviving beyond the life of their proprietor. Majority of them are family owned, home based, with no formal management structures and clear address; and employ basic technology with rudimentary tools.
- Social Sciences