SMALL and Medium
Enterprises (SMEs) constitute 95 percent of all businesses in the
country and contribute to over 35 per cent of the country's GDP, which
places the...
According to
Tanzania's Chamber of Commerce, Industry and Agriculture (TCCIA), SMEs
play a key role in driving forward economic growth. They represent a
variety of firms in different sectors of the economy, including
agriculture, transport and retail.
The report released
by GSMA Intelligence on the Digital transformation in Tanzania 'the
role of mobile technology and impact on development goals' states that
collectively, the firms have helped transform Tanzanian development.
"These firms have
helped in transforming Tanzania by generating new jobs, fostering
innovation, helping to deliver goods and services for low-income
individuals as well playing an important role in integrating women and
youth into the mainstream economy," reads part of the report.
Moreover, SMEs have
been identified as a strong gear that will play a pivotal role in
helping Tanzania attain its middle-income economy status by 2025.
Despite the
economic, political and social benefits, key constraints remain for the
future of SME development. According to the report, there are some
challenges that face small businesses. These include difficulties in
accessing financial services as well as poor internet connectivity.
However, the
private sector is working hard to find solutions to these problems. Tigo
Tanzania is a prime example of a telecommunications firm that is at the
forefront of driving improvements to support the future growth of these
businesses.
The company has
recently announced the launch of their Office internet service, which
has been specifically designed to improve internet connectivity for
SMEs. Tigo's offering allows businesses to connect up to 32 devices to
their high-speed 4G+ mobile internet, and access a suite of useful
applications through Microsoft 365.
Very Informative content on fostering the growth Thank you for the article!
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