Windfall for African SMEs

During the micro, small and medium-sized enterprises (MSMEs) consultation on the Africa Continental Free Trade Area in Dakar, Senegal last week, the European Union pledged 74 million euros to support the businesses. The pledge was announced by the Secretary-General of the All-Africa Association for Small and Medium Enterprises (AAASME), Mr Ebiekure Eradiri.

I hope this information can help ignite your commitment towards ensuring that the AfCFTA does not fail,” said Mr Eradiri. “Let us build Africa, grow Africa, and buy Africa.”

According to the World Bank, SMEs play a major role in the economies of developing countries. SMEs account for the majority of businesses worldwide and are important contributors to job creation and global economic development, representing about 90 percent of businesses and more than 50 percent of employment. Read More.

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