Challenges faced by small and medium enterprises in Kenya
In 2022, 80 percent of jobs created were dominated by these enterprises. The term micro and small enterprises (MSEs) or micro, small and medium enterprises (MSMEs), is used to refer to SMEs in Kenya and under the Micro and Small Enterprise Act of 2022, micro enterprises have a maximum annual turnover of KES 500,000 and employ less than 10 people.