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Marketing
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MSMEs contribute over 60% of the GDP of our economy and according to a 2021 SMEs survey about 4,1 million individuals were operating 3,4 million enterprises.
This is because any tax targeted at informal market players will always end as wishful talk, while the formal market players are faced with no option other than compliance.
The coming together of stakeholders across different sectors may be the key to driving this process. While the challenges are significant, they are not insurmountable.
Group chief executive officer Samuel Matsekete told businessdigest that the remaining funds will be channeled into various projects, enabling the company to expand its scope.