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Regional action crucial for financial inclusion of small enterprises in Africa

Senior representatives in accounting and insurance from 11 countries participated in this event to exchange practices and formulate actions with the aim of expanding financial literacy and access to affordable financial solutions by Micro, small and medium-sized enterprises (MSMEs).

Participants drew attention to the needs of financial literacy training for business owners and the role of mobile technologies in driving innovation and affordability for financial services.

Meanwhile, they encouraged UNCTAD's efforts in supporting the region to generate an enabling environment for MSMEs to thrive.

Mr. Daniel Owoko, Chief of Staff at UNCTAD, on behalf of the Secretary General, highlighted MSMEs' key role in promoting economic development and tackling youth unemployment.

He stated that, "access to financial services in affordable conditions could be a determining factor in accelerating their contribution to attaining the Sustainable Development Goals and the African Union's Agenda 2063". He also underlined the importance of strengthening regional collaboration to address these challenges and UNCTAD's commitment to facilitate dialogue. READ MORE

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