PROBLEMS AND PROSPECTS OF SMALL SCALE ENTERPRISE IN SOMALI REGIONAL STATE OF ETHIOPIA: A SURVEY OF SOME SELECTED SMALL SCALE ENTERPRISE IN JIGJIGA CITY
Abstract
The small-scale industries have a very important and effective role in the developed countries generally and in developing countries especially because it is considered the backbone of their economies. In respect of this, the main purpose of this study is to identify the problems and prospects of small enterprise in Jigjig city. To do this, data were collected from both primary and secondary sources. The empirical studies elicit major problems, which seem to affect performance of SSEs in Jigjig city, which include: inadequate infrastructures, startup capital related problems, poor management practices and political problems are the major challenges affecting smallscale businesses in Somali Regional State, Ethiopia. The researcher suggested that the problems of the SSEs in Somali Regional state are having many centers and hence can only be effectively tackled by a multi-dimensional and concerted approach by all stakeholders i.e. the governments and their agencies, banks, regulatory authorities, tax authorities,), the employees of SSEs, multilateral and bilateral agencies and donors.
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