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Workshops on Enhancing the Preparedness of Small & Medium Enterprises (SMEs) to take up opportunities in the Africa Continental Free Trade Agreement (AfCFTA)

On 1st January, 2021, the Africa Continental Free Trade Agreement (AfCFTA) came into operation with the official launch of trading marking a significant milestone towards the world’s largest free-trade zone.

The African Continental Free Trade Area (AfCFTA) aims to bring together 1.2 billion people in a $3.4 trillion economic bloc that will be the largest free trade area since the establishment of the World Trade Organization. The AfCFTA is expected to boost trade among African countries while allowing the continent to develop its own value chains. The World Bank estimates it could lift tens of millions out of poverty by 2035.

The reality however is that a majority of SMEs which comprise over 70% of Africa’s private sector are not yet prepared neither are they well versed on the potential benefits of this integration. The unpreparedness of SMEs largely stems from lack of information about trading across borders. Many small and medium enterprises are clueless about customs procedures, standards and other regulatory processes.

There is a need to unpackage the AfCFTA for SMEs to not only gain understanding on the provisions therein, but also to provide and avail information to SMEs about the trade facilitations documents that are required to trade across the borders. Without capacity building and training, it will be impossible for SMEs to trade and take advantage of the ACFTA opportunities.

Ignite Trade Africa has organised a new course Exporting within the AfCFTA which is delivered in a series of Workshops aimed at empowering and equipping SMEs to create sustainable growth through successful expansion into the African markets by leveraging on the AfCFTA.

Register for the introductory workshop on 4th February, 2021.

Target

Entrepreneurs & SMEs Owners

Companies seeking to do business in Africa

Course Outcomes

Gain understanding on the provisions and opportunities of/under the AfCFTA

Understand the export processes in the CFTA

Identify opportunities for business expansion into African Markets

Develop an export strategy

Contact details:
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+254 705 761 110 / +254 733 761 110

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Ignite Trade Africa, provides you with the knowledge and practical advice on regional markets to help you make better, timelier and cost-effective decisions in order to achieve your business goals in Africa.

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