Challenges of Micro and Small-Scale Enterprises in Adiss Ababa: In Case of Akaki Kality Sub-City
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Date
2022-06
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Addis Ababa University
Abstract
Micro and Small-Scale Enterprises (MSE) are important in almost all developing economies in the world, which is characterized by unemployment, import dependency, and income distribution challenges. The study investigated evidence on the occurrence of challenges of Micro and small-scale enterprises, that were different from one place to another place from the survey of 170 sample data collected from three wederas. This study covered MSEs around Akaki Kality Sub-city area in Addis Ababa. The study was confined to the service and manufacturing provision of Akaki Kality MSEs sectors, using mixed methods research. On top of that, the study area was chosen because of its better center of industrial business activities in the capital city. The general objective of this study was to assess the Challenges of micro and small scale enterprises in the case of Akaki kality sub-city, Addis Ababa Ethiopia. The study employed both quantitative and qualitative data. Also, it was used descriptive and inferential statistics to assess the Challenges of a micro and small-scale enterprise. Furthermore, the major factors that affect the growth of MSEs are sufficient capital, adequate market, Customer attitudes; shortages of premises, quality of the product, shortage of raw materials, poor planning, and lack of sufficient capital were the major challenges of MSEs in Akaki Kality Subcity. From the study result researcher recommends that government bodies must give to advance providing financial access, and working premises, create an adequate market, reduce the interest rate and give awareness to the society that affects the growth of MSEs in the city.
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Micro and small enterprises, challenges, Akaki kality sub-city