SMEs in the MEA

Goals

To understand what the key industry segments are for micro, small, and medium enterprises; what the key financial needs are of small and medium-sized enterprises (SMEs) across the identified markets (for instance, access to credit, the ability to accept payments, etc.); the key statistics for SMEs in the region; what VISA is doing globally for SMEs; what VISA is specifically working on given the current COVID situation; what VISA has done recently in the Middle East and Africa (MEA); what other interesting regional offerings there are in MEA for SMEs for MEA specifically the Gulf Cooperation Council (GCC), Egypt, Nigeria, Kenya, and South Africa.

Early Findings

Micro, Small and Medium-Sized Businesses in Kenya

  • The most recent statistics on small and medium-sized enterprises published by Kenya's National Bureau of Statistics is from 2016. In this report, they mention that the "majority of MSMEs are in the service sector, with most operating in wholesale and retail trade, repair of motor vehicles and motor cycles followed by accommodation and food service activities and other service activities."
  • In wholesale and retail trade and repair of motor vehicles and motorcycles there were 4,571,100 businesses. Among these businesses 96% were licensed micro-sized businesses, 3.6% were licensed small businesses, and 0.4% were licensed medium-sized businesses.
  • This industry was followed by the manufacturing industry with 874,200 businesses. Among these businesses 95% were licensed micro-sized businesses, 3.8% were licensed small businesses, and 1.2% were licensed medium-sized businesses.
  • Next, was the accommodation and food services activity industry with 670,500 businesses. Among these businesses 84.9% were licensed micro-sized businesses, 14.2% were licensed small businesses, and 1.0% were licensed medium-sized businesses.
  • This was followed by other service activities with 450,200. Among these businesses 97.4% were licensed micro-sized businesses, 2.4% were licensed small businesses, and 0.1% were licensed medium-sized businesses.
  • Fifth was the agriculture, forestry and fishing industry with 244,000. Among these businesses 85% were licensed micro-sized businesses, 14.6% were licensed small businesses, and 0.3% were licensed medium-sized businesses.

Summary of Findings

  • During the initial hour of research, we focused our efforts on finding key industry segments in Kenya for SME.
  • Please note that the most recent information we were able to find is from 2016 from the National Bureau of Statistics and can be downloaded from this link.

Proposed next steps:

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