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{
    "id": 671729,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/671729/?format=api",
    "text_counter": 239,
    "type": "speech",
    "speaker_name": "Sen. Wamatangi",
    "speaker_title": "",
    "speaker": {
        "id": 646,
        "legal_name": "Paul Kimani Wamatangi",
        "slug": "paul-kimani-wamatangi"
    },
    "content": "Mr. Deputy Speaker Sir, informal traders are part of Kenyans who constitute the pool of employed persons and deserve equal treatment just like other entrepreneurs who are recognised under the SME Act No. 55 of 2012 and the benefits they enjoy. Kenya’s informal sector consists of varied and dynamic small-scale activities. In comparison with the big enterprises in the formal sector that have many employees, most businesses in the informal sector are own-account enterprises and draw the participation of people from all sectors of society. The majority of firms in the informal sector are micro and small enterprises often referred to by acronym as MSEs. Practically, MSEs include hawking or street vending, agro-businesses, food vending, market traders, artisans, handcraft traders, matatu and boda boda services and livestock traders, among others. The significance of SMEs in Kenya is reflected in the 2014 Economic Survey which indicated that 80 per cent of the 800,000 jobs created in 2014 were in the informal sector that is dominated by SMEs. Mr. Deputy Speaker Sir, according to the analysis done by Kenya the Institute of Public Policy Research Analysis (KIPPRA), the proportion of informal sector The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate"
}