Enhancing the capacity of African vulnerable countries in adopting policy incentives and innovative instruments for SMEs＊ participation in regional value chains
Reference
PDF-SDG-2023-08
Implementing Entity/ies
UNCTAD
Collaborating Partners
UNRC system, UNECA, UNDP, UNCDF, African Development Bank, SME Finance Forum (SMEFF)
Duration
May 2024 每 April 2028
Location
Benin, Burundi, Cabo Verde, Central African Republic, Togo, Uganda
Approved Budget
$ 1,203,700
Description
The potential of the African private sector, which is dominated by small and medium size enterprises (SMEs), and its role in diversifying economies and improving competitiveness is critical and will continue to grow as it is increasingly being called upon to provide innovative and efficient ways of transforming countries and supporting the Agenda 2030. However, the private sector, especially in vulnerable African countries, faces tremendous challenges to survive, grow, transform and be resilient, which limit their potential to drive structural change and sustainable development.
The project aims to increase the role of SMEs in the manufacturing and supply of value-added goods and services. It will do so by building the knowledge and capacity of select African countries to adopt policy incentives and innovate instruments (e.g., digital and technology tools for data analysis, market information, access to financing and businesses opportunities) that can strengthen the ability of SMEs to produce and trade efficiently, and at scale, towards regional markets. This will contribute to the creation of new market niches and expansion of cross-border trade under the African Continental Free Trade Area (AfCFTA).
The project aims to increase the role of SMEs in the manufacturing and supply of value-added goods and services. It will do so by building the knowledge and capacity of select African countries to adopt policy incentives and innovate instruments (e.g., digital and technology tools for data analysis, market information, access to financing and businesses opportunities) that can strengthen the ability of SMEs to produce and trade efficiently, and at scale, towards regional markets. This will contribute to the creation of new market niches and expansion of cross-border trade under the African Continental Free Trade Area (AfCFTA).