Factors affecting Tanzanian Small and Medium Enterprises Performance in East African Community Market: A Case of Dar es salaam Region.

Bigeni, Alfa Stanley (2022) Factors affecting Tanzanian Small and Medium Enterprises Performance in East African Community Market: A Case of Dar es salaam Region. Masters thesis, The Open University of Tanzania.

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Abstract

In sub-Saharan Africa, small and medium-sized enterprises (SMEs), produce 80 percent of all jobs and represent nearly 90 percent of all businesses. The sector contributes significantly to Tanzania economy in terms of taxes, utilization and conservation of local resources, foreign exchange, provision of goods and services. The study looked at the factors affecting Tanzanian SMEs performance in East African Community Market, A case of Dar es Salaam region. Research design is in form of a descriptive study, data was collected using administered questionnaires; the research used contingency theory and resource-based theory. Random sampling method was used to draw samples and the data was analyzed by generating descriptive statistics such as percentages, and measures of central tendency. The data was presented by using tables, graphs and figures. Statistical Packages for Social Sciences (SPSS) was used to generate the descriptive statistics and to establish the relation between the dependent and independent variables of study. The study found out that access to finance, laws and regulations and management experience are the key factors affecting Tanzanian’s SMEs performance. The study therefore recommends that financial institutions to come up with creative policies that make it easy for the SMEs to access financing and the Government to lessen the time taken to obtain licenses. Further research is needed covering all the markets in the Country to find out whether the same factors are affecting performance of other SMEs. Keywords: Access to Finance, Legal and Regulatory Framework, Entrepreneurs, Performance.

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