Factors Affecting the Performance of Small and Medium Enterprises (SMEs) in Tanzania

Mkundi, Joseph P. M. (2023) Factors Affecting the Performance of Small and Medium Enterprises (SMEs) in Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

This study investigates the factors affecting performance of SMEs in Tanzania,specifically in Ukerewe District. The general objective of the study was to examine the factors affecting performance of Small and Medium Enterprises(SMEs). Primary data were collected through structures and unstructured interviews whereby questionnaires were administered to 150 respondents while an interview guide was used to conduct interview to key informants from selected SMEs. Descriptive statistical method was used to analyse data whereby the researcher used SPSS softwareas tool for data analysis. The main findings indicated that, SMEs in Tanzania are facing a number of challenges: including unfavorable transport networks, unreliable and inefficient cost of electricity services and no-access to finance. The study concludes that, in order to have a robust SMEs sector for Ukerewe District’s economic development, joint efforts are needed from the government, private sector, academic institutions, development partners and any other interested parties to ensure that they join hands to address the main challenges affecting the performance of SMEs in the district. The study recommend policy makers to review the policies governing SMEs in UkereweDistrict in order to reflect the current trends; increase budgetary allocation to institutions that are supporting SMEs for effective and efficient delivery of services. Keywords: SMEs, Performance,Business Environment

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