The role of small business in economic growth, a case study Bosaso Somalia.

Abstract

This study, the role of small business in economic growth in Puntland, was undertaken to find out the role of samll business in Puntland and its impact on the economic growth of Puntland. Small Enterprises are accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with rapid economic growth of the well developed countries across the world. In Somalia since the government was collapsing in 1992 efforts have been made by the citizens of the country to establish their own small scale businesses and therefore step by step they succeeded their dreams and established lot of small businesses, employed lots of people invented new buildings and infrastructure and later on established companies. A total of 90 small business owners were randomly selected from the cities; Bosaso, Galkaio and Garowe. A questionnaire was constructed and distributed to the selected people. The responseswere collected and analyzed using Excel sheet 2007for analytical tool.