East African SMEs Accelerate Their Growth With Cloud Deployments
August 17th, 2020 – Small and medium enterprises in the fast-growing East African economic region leverage cloud technologies to automate, improve and accelerate business processes and growth.
SMEs in the East African region are using digital transformation initiatives to increase their competitiveness and ensure they are set for growth despite challenging trading conditions.
In 2017, SMEs accounted for 98% of all businesses in Kenya and created 30% of all jobs annually. According to the International Trade Centre, SMEs contributed 34% of Kenya’s GDP in 2016. However, the impact of the coronavirus pandemic should not be underestimated: a recent Deloitte study found a 50% reduction in household and business spending, with direct consequences for the country’s SME sector.
Written by Africa.com
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