• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

ECA launches Capacity Building Programme to enable Sudanese SMEs Harness AfCFTA Opportunities

Victor Odeyemi by Victor Odeyemi
December 21, 2022
in Africa, Business, News, Trade
0
Expert advises SMEs to research before they trade under AfCTA

AfCTA Logo

Share

The Economic Commission for Africa (ECA) office for North Africa and the Sudanese Ministry of Trade launched on 18 December in Khartoum a four day, joint workshop on Export Promotion and Access to Finance for the benefit of 50 Sudanese Small Medium Enterprises (SME) owners.

The workshop aims to strenghten Sudanese SMEs’ capacity to trade with the rest of the African continent and the world, seize new export opportunities within the framework of the AfCFTA and contribute to the transformation of the national industrial sector.

Sudanese exports, which consist mostly of primary commodities such as gold, oil seeds or cattle, are currently very low, below 3% of GDP in 2021.

Most exports go to China and Gulf countries, and only less than 20% to Africa, with Egypt being the main export destination on the continent.

To help SMEs move upwards in the value chain, the training focuses on market access in Africa and product development strategies for SMEs as well as their access to finance.

SMEs account for 90 percent of enterprises around the world, including Africa. They operate across the economy ranging from simple agricultural market-based vegetable production to industrial-related enterprises.

In Sudan, they are also the largest source of employment, providing livelihoods for over three-quarters of the working population, especially women. SMEs are also key in the attainment of the SDGs, given their strong link with some of the goals, particularly through GDP growth and job creation.

Director of the ECA office for North Africa, Zuzana Brixiova Schwidrowski, said: “In an enabling environment, SMEs have a high potential for creating employment and innovation. They can also contribute to reducing poverty and to empowering the poor so that they can realize their productive capacities and integration into society.

“It is imperative that the climate for SMEs start-ups and growth is enhanced considerably, with the assistance of the public sector and key players in the private sector, especially finance”, she added.

“Since evidence from the rest of the continent shows that Intra-African exports tend to be less commodity focused and have more added value than exports outside the Continent, the AfCFTA is an opportunity for Sudan to boost value adding trade and diversify it, both in terms of commodities and trading partners, said Amal Elbeshbishi, economist at the ECA Office for North Africa. Increased SME contribution to trade and industry are of significant interest for Sudan. Government efforts to support SMEs growth and competitiveness are therefore critical,” she added.

AfCFTA can be a game changer for SMEs and trade. ECA actively supports research and analysis of the AfCFTA’s impact on African countries. It also support the implementation of the AfCFTA at national, regional and continental levels.

Post Views: 1
Share

Related Posts:

  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • Nigerian Government Agencies that Support Entrepreneurship
    Nigerian Government Agencies that Support…
  • African Women Impact Fund launches with USD$60 million commitment to drive an inclusive investment environment
    African Women Impact Fund launches with USD$60…
  • PAFTRAC launches 2022 CEO Trade Survey
    PAFTRAC launches 2022 CEO Trade Survey
Tags: AfCTAECAMSME News in Africa today
Previous Post

Folopay launches 9PSB mobile wallet

Next Post

CBN Increases Weekly Cash Withdrawal Limit for Individuals to N500,000 and N5 Million for Corporates

Next Post
CBN Increases Weekly Cash Withdrawal Limit for Individuals to N500,000 and N5 Million for Corporates

CBN Increases Weekly Cash Withdrawal Limit for Individuals to N500,000 and N5 Million for Corporates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • NADF, GIZ Push for Gender-Inclusive, Climate-Smart Financing to Boost Nigerian Agriculture
  • Nigeria Recommits to Africa’s Development with Fresh $500 million Trust Fund Boost – Edun
  • Manufacturers Seek Legal Measures for Violators of ‘Nigeria First Policy
  • LCCI Insists FG’s Policies Compounding Economic Hardship
  • Fincra Secures South African Payments Licence, Boosting Cross-Border Expansion Across Africa

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.