Browsing: Doping business in East Africa

EU fund for SME's in EAC

Micro, Small and Medium Enterprises (MSMEs) in the East African Community have been advised to scale up their operations in order to grow quickly and become large enterprises that will be competitive at the regional and international levels.

This was said by Rwanda’s Minister for Trade and Industry, Hon. Soraya Hakuziyaremye, who urged the MSMs to graduate into bigger enterprises rather than remaining an MSMEs forever.

The African Development Bank is also in the forefront of the continent’s drive to empower and create jobs for the youth. It is implementing a 10-year strategy (2016–25), “Jobs for Youth in Africa”, designed to provide funding for micro, small, and medium-sized enterprise (MSME) and skills development programmes for the youth in high-priority sectors.

The strategy, currently implemented in a dozen African countries, aims to directly create 25 million jobs and positively impact 50 million youth by 2025.

MSMEs represent more than 90 per …