Government tender requirements locking out SMEs, Expert
NAIROBI, Kenya, Aug 2 – Stringent certification requirements are locking many small businesses out of lucrative government tenders, denying startups an opportunity to grow despite their role in creating jobs,…..
✨ Key Highlights
Stringent certification requirements are hindering small and medium-sized enterprises (SMEs) from accessing lucrative government tenders, an expert has warned.
- Many government tenders demand several years of financial records and operational experience, which startups often lack.
- SME expert and Linkaya Cleaning Services founder Linda Eronjo highlighted that this effectively favors established companies and limits job creation potential.
- Eronjo called for collaboration between the government, financial institutions, and business associations to create pathways for SMEs to qualify for financing and compete for public procurement.
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