Home National News Tough times for SME’s …as cost of borrowing surge

Tough times for SME’s …as cost of borrowing surge

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The contribution of Small and Medium Enterprises (SME’s) to creation of jobs and increasing aggregate output continue to dwindle as banks put in stringent measures at releasing credit to small business owners. Providing about 85 percent of manufacturing employment, SMEs contribute greatly to the development of the private sector and account for a large share […]