The coronavirus pandemic has triggered an unprecedented health crisis, followed by worldwide market disruptions, forcing the African governments to impose containment measures and other necessary restrictions to limit the spread of the virus.
Although the economic growth and employment experienced a significant slowdown, the COVID-19 outbreak presents an opportunity to build back better with support of MSMEs and strengthen Africa's production capacity and diversify its export sector to create a more resilient and sustainable economy.
MSMEs and entrepreneurs can have a significant function in improving productive capacity and build economic and social resilience. MSMEs account for more than 90 per cent of businesses on African continent and are the primary drivers of innovation.
To celebrate the MSME Day, UNCTAD Regional Office launched its first webinar where experts and business stakeholders will share experiences to shape a more sustainable and dynamic private sector.
The first webinar will highlight the role MSMEs play in accelerating economic development:
-
Strengthening regional value chains
-
Driving innovation and job creation
Discussions will also focus on creating an enabling environment for MSMEs' participation in African economy and its recovery.
The webinar will bring together key stakeholders from the private sector, trade and development industries.
