Subtitle
Small, and Medium-Sized Enterprises (SMEs) are highly important drivers of economic growth and development and job creation in African economies. According to the International Finance Cooperation, SMEs account for up to 90% of all businesses in African markets and as such, remain one of the main sources of employment. Unlocking the region’s growth potential will require bridging the credit gap, strengthening SME value chains, and boosting productivity via digitization, technology adoption, and adaptation.
Currently, despite their huge contribution to Africa’s economic development, SMEs remain largely isolated from the continent’s value chains and trading systems, which limits their capacity to formalize, grow and scale. As such, increasing job opportunities in Africa requires the strengthening of the continent’s SME value chains.
The AEF Africa SME Forum seeks to promote policies for the development and growth of SMEs in Africa, promote strategy for a better, more inclusive African SME sector to realize Africa’s industrialization for inclusive development.
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