{"title":"Adoption of blockchain technology in the banking sector of Ghana: Opportunities and challenges","authors":"Nyarko Gyimah Kofi, A. Emmanuel, Antwi Frank","doi":"10.5897/ajbm2022.9428","DOIUrl":"https://doi.org/10.5897/ajbm2022.9428","url":null,"abstract":"","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86737945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The influence of the college environment on the development of entrepreneurial intentions","authors":"Isabel Elitas Chilangwa, Clement Mwaanga, Moulen Siame","doi":"10.5897/ajbm2022.9391","DOIUrl":"https://doi.org/10.5897/ajbm2022.9391","url":null,"abstract":"","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"39 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81296741","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Analysis of agency banking and customer satisfaction in Rwanda: A case of Bank of Kigali","authors":"Godfrey Rwanyarare, Peter Kalimba","doi":"10.5897/ajbm2022.9426","DOIUrl":"https://doi.org/10.5897/ajbm2022.9426","url":null,"abstract":"","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87059226","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
While the current economic crisis clearly puts pressure on governments to cut spending and save money, and whilst the call for a more cohesive interface between the public and private sectors is currently resonating, public procurement has been marred by scandals, mismanagement, and possibly malpractices. According to the literature, corporate integrity drives transactional behaviors by acting as a hidden hand of social factors that are frequently beyond an individual's control. But scantly studied, as behavioral control mechanism in transaction costs. This paper studies the moderating effect of integrity on the relationship between transaction costs’ behavioral dimensions and competitive tendering in public procurement. Following a literature review, the paper takes a conceptual framework towards developing evidence of cascaded transaction costs’ behavioral dimensions, bounded rationality and opportunism. Formal research propositions amplify both concepts and its relationship with independent variable and dependent variables. The results are based on the empirical data collected from a self-administrative survey from public procurement practitioners in Tanzania. Descriptive and Hierarchical regression results reveals that public procurement practitioners’ perceived transaction costs to negatively when related with competitive tendering as moderated by integrity. This means, integrity can moderate the behaviors of public procurement practitioner which, in turn, accelerates efficiency of competitive tendering by reducing transaction costs.
{"title":"Transaction costs and competitive tendering in public procurement: Moderating role of integrity","authors":"H. Sama, P. Ndunguru, P. Nsimbila","doi":"10.5897/ajbm2021.9235","DOIUrl":"https://doi.org/10.5897/ajbm2021.9235","url":null,"abstract":"While the current economic crisis clearly puts pressure on governments to cut spending and save money, and whilst the call for a more cohesive interface between the public and private sectors is currently resonating, public procurement has been marred by scandals, mismanagement, and possibly malpractices. According to the literature, corporate integrity drives transactional behaviors by acting as a hidden hand of social factors that are frequently beyond an individual's control. But scantly studied, as behavioral control mechanism in transaction costs. This paper studies the moderating effect of integrity on the relationship between transaction costs’ behavioral dimensions and competitive tendering in public procurement. Following a literature review, the paper takes a conceptual framework towards developing evidence of cascaded transaction costs’ behavioral dimensions, bounded rationality and opportunism. Formal research propositions amplify both concepts and its relationship with independent variable and dependent variables. The results are based on the empirical data collected from a self-administrative survey from public procurement practitioners in Tanzania. Descriptive and Hierarchical regression results reveals that public procurement practitioners’ perceived transaction costs to negatively when related with competitive tendering as moderated by integrity. This means, integrity can moderate the behaviors of public procurement practitioner which, in turn, accelerates efficiency of competitive tendering by reducing transaction costs.","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"146 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88642014","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The role marketing strategies plays in influencing purchasing behaviors of consumers in various economies can never be overemphasized. However, this assertion requires further investigation with respect to consumers of Maggi seasoning products in Ghana especially those in Tamale metropolis. The study analyzed the effect of marketing strategies specifically sales promotion and perceived product quality on consumers’ purchasing behavior toward Maggi products in the Tamale metropolis of Ghana. To achieve this goal, the study adopted the quantitative approach, descriptive design and structured questionnaire. Valid data sets were retrieved from 162 food vendors in Tamale Metropolis. The IBM SPSS Statistics software version 26 was employed to process the data and subsequently analyzed with both descriptive and inferential tools. The study found all the marketing strategies to significantly influence the purchasing behaviors of consumers of Maggi products focusing on food vendors within the Tamale metropolis, Ghana. As a result, the research found that marketing strategies, particularly sales promotion and perceived product quality, have a major role in encouraging consumers to make better purchasing preferences. According to the research, Nestle Ghana could use more comprehensive methods, such as unique sales promotion packages, better pricing, and better product concepts in order to guarantee high purchasing behavior among its clientele.
{"title":"Marketing strategies and consumers purchasing behaviour in Ghana: A case of Nestle Ghana Limited","authors":"Eric Gonu, Mary Asare-Larbi, Mutari Abdul-Rahman","doi":"10.5897/ajbm2021.9335","DOIUrl":"https://doi.org/10.5897/ajbm2021.9335","url":null,"abstract":"The role marketing strategies plays in influencing purchasing behaviors of consumers in various economies can never be overemphasized. However, this assertion requires further investigation with respect to consumers of Maggi seasoning products in Ghana especially those in Tamale metropolis. The study analyzed the effect of marketing strategies specifically sales promotion and perceived product quality on consumers’ purchasing behavior toward Maggi products in the Tamale metropolis of Ghana. To achieve this goal, the study adopted the quantitative approach, descriptive design and structured questionnaire. Valid data sets were retrieved from 162 food vendors in Tamale Metropolis. The IBM SPSS Statistics software version 26 was employed to process the data and subsequently analyzed with both descriptive and inferential tools. The study found all the marketing strategies to significantly influence the purchasing behaviors of consumers of Maggi products focusing on food vendors within the Tamale metropolis, Ghana. As a result, the research found that marketing strategies, particularly sales promotion and perceived product quality, have a major role in encouraging consumers to make better purchasing preferences. According to the research, Nestle Ghana could use more comprehensive methods, such as unique sales promotion packages, better pricing, and better product concepts in order to guarantee high purchasing behavior among its clientele.","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"53 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84027216","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
South Africa's (SA) history of apartheid produced racial inequality that was entrenched for centuries. After 1994, the goal of the new government was to transform the workplace. Numerous affirmative action (AA), legislation, policies, and procedures enforced organisational transformational obligation and compliance. Studies in SA indicate a slow pace of transformation. The financial sector may be paying lip service to affirmative action legislation; setting racially balancing targets for management structures yet not achieving them. The purpose of this paper is to explore existing literature on transformational leadership and AA progress in the SA financial sector to propose an AA Transformational Model. The research method employed was abstract qualitative content analysis method. Selected accredited journal articles were analysed as per the paper keywords for emerging trends on the topic. Findings indicate lack of leadership in transformational implementation, leadership commitment, and management motivation for accelerated transformational targets and strategies. The paper theoretically adds to the body of knowledge on workforce transformational leadership. The practical contribution of this paper is the proposed AA Transformational Model for the SA Financial sector to be proactive in their AA transformation.
{"title":"Understanding affirmative action leadership in the South African financial context","authors":"Richard A. April, C. Govender","doi":"10.5897/ajbm2020.9174","DOIUrl":"https://doi.org/10.5897/ajbm2020.9174","url":null,"abstract":"South Africa's (SA) history of apartheid produced racial inequality that was entrenched for centuries. After 1994, the goal of the new government was to transform the workplace. Numerous affirmative action (AA), legislation, policies, and procedures enforced organisational transformational obligation and compliance. Studies in SA indicate a slow pace of transformation. The financial sector may be paying lip service to affirmative action legislation; setting racially balancing targets for management structures yet not achieving them. The purpose of this paper is to explore existing literature on transformational leadership and AA progress in the SA financial sector to propose an AA Transformational Model. The research method employed was abstract qualitative content analysis method. Selected accredited journal articles were analysed as per the paper keywords for emerging trends on the topic. Findings indicate lack of leadership in transformational implementation, leadership commitment, and management motivation for accelerated transformational targets and strategies. The paper theoretically adds to the body of knowledge on workforce transformational leadership. The practical contribution of this paper is the proposed AA Transformational Model for the SA Financial sector to be proactive in their AA transformation.","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"102 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82003921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Unions are prominent stakeholders in employment relations (ER), representing and protecting the rights of their members and other employees on labour-related issues that the workforce is overwhelmed with within the workplace. The purpose of this article was to examine global unionism to advise South African (SA) Information and Communication Technology (ICT) sector labour unionism. It focuses on the recent trends of global literature review to answer five research questions. The rationale is to gain a more theoretical understanding of union roles, the International Labour Organisation (ILO) conventions, global unionism, SA unionism, SA ICT unionism, union challenges and strategies. Globally, unionism drives advancements in socio-economic policies, calling for social dialogue between the tripartite alliances partners in ER: Unions, employers, and the government. However, SA ICT union leaders are weak when negotiating for equity, socio-economic justice, and the advancement of employees in their careers. This research study revealed that union challenges include poor social dialogue, ineffective strategies to sustain membership, inefficient partnerships, and non-collaboration between management and unions. By the results of this study, a strategic framework was proposed for union effectiveness to provide Human Resources (HR), ER and union leaders with a practical management tool. Thus, this study contributes by expanding the body of knowledge on global and SA ICT unionism. analysis of this study, only 60-70 articles were analysed purposively, from which relevant findings were drawn out. The intensive, systematic literature review, document analysis and synthesis were the most appropriate method for this study because they explored the unionism strategy effectiveness using existing accredited, documented, and published evidence (Pratici and Singer, 2021).
{"title":"Exploring global unionism to inform South African ICT sector union strategy","authors":"Hlalele Matebese, C. Govender","doi":"10.5897/ajbm2021.9315","DOIUrl":"https://doi.org/10.5897/ajbm2021.9315","url":null,"abstract":"Unions are prominent stakeholders in employment relations (ER), representing and protecting the rights of their members and other employees on labour-related issues that the workforce is overwhelmed with within the workplace. The purpose of this article was to examine global unionism to advise South African (SA) Information and Communication Technology (ICT) sector labour unionism. It focuses on the recent trends of global literature review to answer five research questions. The rationale is to gain a more theoretical understanding of union roles, the International Labour Organisation (ILO) conventions, global unionism, SA unionism, SA ICT unionism, union challenges and strategies. Globally, unionism drives advancements in socio-economic policies, calling for social dialogue between the tripartite alliances partners in ER: Unions, employers, and the government. However, SA ICT union leaders are weak when negotiating for equity, socio-economic justice, and the advancement of employees in their careers. This research study revealed that union challenges include poor social dialogue, ineffective strategies to sustain membership, inefficient partnerships, and non-collaboration between management and unions. By the results of this study, a strategic framework was proposed for union effectiveness to provide Human Resources (HR), ER and union leaders with a practical management tool. Thus, this study contributes by expanding the body of knowledge on global and SA ICT unionism. analysis of this study, only 60-70 articles were analysed purposively, from which relevant findings were drawn out. The intensive, systematic literature review, document analysis and synthesis were the most appropriate method for this study because they explored the unionism strategy effectiveness using existing accredited, documented, and published evidence (Pratici and Singer, 2021).","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74673637","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The traditional internationalization process theory posits that firms expand to overseas market after solid domestic firms’ experience. However, from the 1980s, we witnessed a breed of young entrepreneurial firms, which took on internationalization early in their evolution. They are called ‘Born Globals’. This study presents an integrative conceptual framework and identifies the underlying driving forces of the formation of Chinese born global firms. Specifically, this paper employs a quantitative survey research method to examine the driving force of the formation of Chinese born global firms. It traces the phenomenon to market level driving forces, company level factors, together with entrepreneur or manager level antecedents that triggered the formation of Chinese born global firms. It applies logistic regression analysis to explore and identify different driving forces. The main findings are threefold: firstly, stronger host country customer demand and stagnated domestic market growth lead to the formation of born global firms. Secondly, more international business trip experience, conference experience and relevant industry experience of founders or high level managers give rise to greater possibility of the occurrence of born global firms. Thirdly, the more globally committed the firms are to overseas market, the more likely for them to become born global firms. We examine the hypotheses using Chinese exporting manufacturers. Respondents in the study are the export marketing managers, senior executives of the export department or even owners of the firms. These managers are directly involved in the daily exporting business of their companies; they are familiar with exporting strategy and their firms‘ export performance. In order to increase generalizability, the sampling frame is a cross-section of companies in 37 industries. We obtain the data through mail surveys to Chinese export manufacturers. Firms are identified from a popular commerce website Alibaba and the Directory of Foreign Economic and Trade Enterprises of China, a large database collected by Ministry of Commerce of the People‘s Republic of China. We tested the content validity and clarity of measures using in-depth interviews with 12 export marketing managers. We modified a few items based on their feedback. We searched the yellow page of Alibaba and collected the company‘s information of various industries such as chemistry, electronics, automobile, fabric so on. commit sufficient human into
{"title":"Investigating the driving forces of the formation of Chinese born global firms","authors":"Chen Xi","doi":"10.5897/ajbm2021.9322","DOIUrl":"https://doi.org/10.5897/ajbm2021.9322","url":null,"abstract":"The traditional internationalization process theory posits that firms expand to overseas market after solid domestic firms’ experience. However, from the 1980s, we witnessed a breed of young entrepreneurial firms, which took on internationalization early in their evolution. They are called ‘Born Globals’. This study presents an integrative conceptual framework and identifies the underlying driving forces of the formation of Chinese born global firms. Specifically, this paper employs a quantitative survey research method to examine the driving force of the formation of Chinese born global firms. It traces the phenomenon to market level driving forces, company level factors, together with entrepreneur or manager level antecedents that triggered the formation of Chinese born global firms. It applies logistic regression analysis to explore and identify different driving forces. The main findings are threefold: firstly, stronger host country customer demand and stagnated domestic market growth lead to the formation of born global firms. Secondly, more international business trip experience, conference experience and relevant industry experience of founders or high level managers give rise to greater possibility of the occurrence of born global firms. Thirdly, the more globally committed the firms are to overseas market, the more likely for them to become born global firms. We examine the hypotheses using Chinese exporting manufacturers. Respondents in the study are the export marketing managers, senior executives of the export department or even owners of the firms. These managers are directly involved in the daily exporting business of their companies; they are familiar with exporting strategy and their firms‘ export performance. In order to increase generalizability, the sampling frame is a cross-section of companies in 37 industries. We obtain the data through mail surveys to Chinese export manufacturers. Firms are identified from a popular commerce website Alibaba and the Directory of Foreign Economic and Trade Enterprises of China, a large database collected by Ministry of Commerce of the People‘s Republic of China. We tested the content validity and clarity of measures using in-depth interviews with 12 export marketing managers. We modified a few items based on their feedback. We searched the yellow page of Alibaba and collected the company‘s information of various industries such as chemistry, electronics, automobile, fabric so on. commit sufficient human into","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88731689","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
With the emerging field of social entrepreneurship, academicians have raised several research agendas to give a unitary direction to the theoretical groundings and foundations of this concept. The current review is one such attempt to explore the definition of social entrepreneurship and its linkage to social innovation and disruptive thinking. This review aims to understand students’ perspectives and familiarity towards social entrepreneurship; its effectiveness in bringing social change; and the challenges in this field of study. By adopting a secondary research where recent literature on current topic is explored, this review provides fresh insights into the dimensions of social entrepreneurship. Research papers, books, and published materials on social enterprise, innovation, and disruption are rigorously reviewed and explored to derive valuable conclusions. It is inferred from the study that a successful social venture can make a positive impact and contribution to the society, yet a need to measure its implications has been recognized. The research on social entrepreneurship is not united and convergent and requires more in-depth investigations and concrete evidences that can assist with its practical implementation.
{"title":"Disruptive thinking in social entrepreneurship: Challenges and effectiveness","authors":"Agarwal Mk, Ndiwakalunga Mulunga Selma","doi":"10.5897/ajbm2021.9251","DOIUrl":"https://doi.org/10.5897/ajbm2021.9251","url":null,"abstract":"With the emerging field of social entrepreneurship, academicians have raised several research agendas to give a unitary direction to the theoretical groundings and foundations of this concept. The current review is one such attempt to explore the definition of social entrepreneurship and its linkage to social innovation and disruptive thinking. This review aims to understand students’ perspectives and familiarity towards social entrepreneurship; its effectiveness in bringing social change; and the challenges in this field of study. By adopting a secondary research where recent literature on current topic is explored, this review provides fresh insights into the dimensions of social entrepreneurship. Research papers, books, and published materials on social enterprise, innovation, and disruption are rigorously reviewed and explored to derive valuable conclusions. It is inferred from the study that a successful social venture can make a positive impact and contribution to the society, yet a need to measure its implications has been recognized. The research on social entrepreneurship is not united and convergent and requires more in-depth investigations and concrete evidences that can assist with its practical implementation.","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"179 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72780017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Commercial banks in developing economies play an important role in promoting the growth of SMEs through the loan provided since they create conducive environment for their growth and success. The study focuses on investigating the challenges SMEs face in acquiring loans from commercial banks. The study used 120 respondents who were purposively and randomly selected. Both primary and secondary data were used. Data were analyzed descriptively and presented in tables, percentages, pie charts and tabulation to show differences in frequencies. Statistical Package for Social Sciences (SPSS) version 20.0 was used in coding, entering and analyzing the data. The study found that high interest rates, lack of collateral, short repayment period, lack of loan information, lack of integrity of bank officers and lack of innovations were the major challenges/difficulties which SMEs face in accessing credit facilities from commercial banks in Morogoro municipality. The study findings generally revealed that SMEs are facing challenges in accessing credit facilities in Morogoro Municipality; hence the researchers, based on the study findings, conclude that SMEs in Tanzania are small because they prefer to get their start-up capital from personal savings, relatives and friends. Based on the study findings, researchers recommended that for banks to attract customers (SMEs) to borrow, they should reduce the interest rates charges. Also, commercial banks should adjust repayment period which would be flexible enough within the business operational cycle of different SMEs in the study area.
{"title":"Challenges small and medium enterprises (SMEs) face in acquiring loans from commercial banks in Tanzania","authors":"Gassiah Nassoro, Kikula Jaraj","doi":"10.5897/ajbm2021.9295","DOIUrl":"https://doi.org/10.5897/ajbm2021.9295","url":null,"abstract":"Commercial banks in developing economies play an important role in promoting the growth of SMEs through the loan provided since they create conducive environment for their growth and success. The study focuses on investigating the challenges SMEs face in acquiring loans from commercial banks. The study used 120 respondents who were purposively and randomly selected. Both primary and secondary data were used. Data were analyzed descriptively and presented in tables, percentages, pie charts and tabulation to show differences in frequencies. Statistical Package for Social Sciences (SPSS) version 20.0 was used in coding, entering and analyzing the data. The study found that high interest rates, lack of collateral, short repayment period, lack of loan information, lack of integrity of bank officers and lack of innovations were the major challenges/difficulties which SMEs face in accessing credit facilities from commercial banks in Morogoro municipality. The study findings generally revealed that SMEs are facing challenges in accessing credit facilities in Morogoro Municipality; hence the researchers, based on the study findings, conclude that SMEs in Tanzania are small because they prefer to get their start-up capital from personal savings, relatives and friends. Based on the study findings, researchers recommended that for banks to attract customers (SMEs) to borrow, they should reduce the interest rates charges. Also, commercial banks should adjust repayment period which would be flexible enough within the business operational cycle of different SMEs in the study area.","PeriodicalId":7666,"journal":{"name":"African Journal of Business Management","volume":"166 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84681680","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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