Business owners in the country have said that their primary challenge is the high cost of inputs, which accounts for 48 per cent of the difficulties they face.
This is according to a Sauti za Wananchi report from 2013 to 2023. The survey was conducted via mobile phone.
Additional challenges include low demand (40 per cent), insufficient working capital (30 per cent) and the need to maintain low prices (29 per cent).
They also contend with high competition (22 per cent), limited market access (15 per cent) and issues related to access or cost of finance (14 per cent).
In contrast, Uganda's main challenge is access to finance or capital, which affects 63 per cent of business owners.
Ugandan business owners also struggle with getting transportation (35 per cent), cost of capital (30 per cent) and getting equipment (27 per cent).
They also have to grapple with high rates of taxes, levies, permits (17 per cent), crime, theft and disorder (15 per cent) and lack of business skills/knowledge (11 per cent).
The survey was conducted in Kenya, Tanzania, and Uganda, and a sample was designed as a nationally representative cross-section of all adult citizens.
The data was taken from a large enough number to ensure a 95 per cent confidence interval and a margin of error between +/-2.2 and +/-3.
