In his Eighth State of the Nation Address on 30th Nov this year, President Uhuru Kenyatta submitted a report to the parliament recognizing Micro, Small, and Medium Enterprises (MSMEs) as the lifeblood of Kenya’s economy yet a huge number...

In his Eighth State of the Nation Address on 30th Nov this year, President Uhuru Kenyatta submitted a report to the parliament recognizing Micro, Small, and Medium Enterprises (MSMEs) as the lifeblood of Kenya’s economy yet a huge number of them are unlicensed. According to the 2017 Economic Survey, there are about 1.56 million licensed MSMEs and 5.85 million unlicensed similar businesses in Kenya. This means that less than 27 percent of all businesses in Kenya are registered. Out of these, 92.2 percent are micro-enterprises while only 7.1 percent and 0.7 percent are small and medium enterprises respectively. The reason some of the MSME operators give for not registering their businesses is that they fear being subjected to high taxation that may end up eating on their profit. However, as you will soon discover, there are many benefits that await unregistered MSME operators as taxpayers that including loans and government […]

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