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DEVELOPING SMALL AND MEDIUM SIZE ENTERPRISES (SMES) IN THE SOUTH WEST REGION OF CAMEROON: PROBLEMS AND PERSPECTIVES.
This paper examines the role, constraints and prospects of SMEs subsector of the industrial sector in the South West Region of Cameroon.
The paper utilizes the primary data where questionnaires were administered to some 80 randomly selected respondents. The data were later analyzed using simple descriptive statistics of the chi-square test. The results show that SMEs have significantly over the years contributed to the growth and development of the South West Region. However, some constraints to sustainable industrial development in the Region were also identified; they include, inadequate existing infrastructural facilities like energy, water, good roads, corruption, lack of adequate communication, funding, lack of qualified human resource to man the enterprises, lack of adequate communication and lack of adequate incentives among others. Hence the need for government to improve on the provision of these fundamental supporting facilities to enhance the performance of the SMEs in the growth of the South West Region and possibly assuring the sustainable development of Cameroon at large.
Keywords: Development of SMEs, problem, prospects, Cameroon