MSMEs can bank on insurance to build resilience

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Micro, Small and Medium Enterprises (MSMEs) account for the vast majority of global businesses, provide the highest number of jobs and contribute to GDP. PHOTO | SHUTTERSTOCK

Micro, Small and Medium Enterprises (MSMEs) account for the vast majority of global businesses, provide the highest number of jobs and contribute to GDP.

In Kenya, they comprise 98 percent of all businesses, create 30 percent of jobs annually and contribute three percent to GDP.

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Note: The results are not exact but very close to the actual.