GROWTH POTENTIALS AND CONSTRAINTS OF MICRO, SMALL AND MEDIUM SIZED ENTERPRISES IN THE SOUTH WEST REGION OF CAMEROON
By: Kinge Thompson Molonge | Department of Business Studies | Accounting and Finance
This study has identified and analysed the different opportunities and constraints of doing business in the South West Region. The study is based on a mixed research study conducted in the South West region. Quantitative data was collected from micro, small and medium sized enterprises (MSMEs) in Buea, Limbe, Tiko and Kumba with the use of questionnaires while qualitative data was collected from government officials with the use of semi-structured interviews. A total of 200 businesses where surveyed, 50 in each of the four towns cited above. After analysing the data collected, the researcher found that business owners in the region experience a number of constraints which include inadequate electrical power supply, access to finance, high taxes, technology and training. Furthermore, another problem identified was corruption. On the contrary, the study also identified key opportunities in the region such as fertile soil, good culture, cheap rents and a number of government programmes designed to promote businesses in the SW region. Based on the outcome of this study, the researcher recommends an improvement in electrical power supply, transport network, better access to capital financing and the elimination of corruption as the conditions necessary to promote the MSMEs in the South West Region.
Key Words: Constraint, Opportunity, Growth, Micro, Small and Medium Sized Enterprise and South West Region