TV Digital SME Event

Live on Afrique today Digital TV, a Two-time quality-service award winner, 2020

Incentivization, formalization and Productivity of small and medium enterprises in Africa: COVID 19 & 2019 African Continental Free Trade Area

Key messages:

Small medium enterprises are also the backbone of Africa’s economy and hire about 80 percent of labor force, but contribute only 1 percent of GDP in most nations in the continent.  IFC reports that 95% of businesses in Nigeria are SMEs while 65% of businesses in Europe are SMEs.  But in Nigeria, 41.5 million SMEs contribute only 1% of GDP while SMEs contribute 50% of GDP in Europe and 40% in Asia.  Why? More than 50% of the SMEs in African nations are in the informal sector and unproductive services sector and the lockdown from COVID19 has worsened their plight and economic insecurity.  Protectionist policies and limited supply chain of companies have undermined exportation of food and medical supplies to the nations.  However, the challenges have also created an opportunity for public and private sector to promote and capitalize on opportunities to strengthen SME productivity and inclusiveness.Our TV digital will highlight these opportunities and more, including lessons, good practices and next measures.

Featured Speakers

Valentina Okaru-Bisant Professor, Esq.

CEO, Afrocosmo Development Impact, LLC, Maryland, USA (co moderator & co-host)

Prudence Sebahizi

Chief Technical Advisor and Head of AfCFTA Negotiations Support Unit*, Departmental of Trade and Industry, African Union Commission, Ethiopia (moderator)

Frank Samolis, Esq.

Global Trade Partner and Co Chair, Squire Patton Boggs  LLP, Washington DC, USA (co-host)

Mathew Gamser

CEO, SME Finance Forum  International Finance Corporation, Washington DC

Mrs Priscilla Ekwueme Eleje

Former ( retired as of December  2019) and First Female Director  of Currency Operations, Central Bank of Nigeria

 

Ifeoma Anagbogu

Mrs Permanent Secretary, Federal Ministry of Women Affairs and Social Development, Nigeria

Betty Oluwasina

Member of the Board of Directors, Capstone Microfinance Bank ( attendee) 

 

Adenike Adeyemi

Executive Director, Fate Foundation, Lagos Nigeria

Rosemary Mburu

CEO, Institute of Trade Development (ITD), Kenya

Professor Ernest Ojukwu Esq Professor of Law and Senior Advocate of Nigeria

Femi Oyedipe

Chief Executive, LoshesChocolate, Lagos Nigeria

Vivien Chaplin Esq

Director, Corporate and Commercial Practice, Cliffe Dekker Hofmeyr. South Africa

Bayo Lion Adedeji

MBA, Founder and CEO, Dundunation, Nigeria

Dr. Salifou N. Bishop

President & CEO Vision Globale Inc. Maryland, USA

Koye Edu, Esq

Managing Partner, Jackson, Etti and Edu, Nigeria

Armando Manuel

The World Bank Alternate Executive Director Executive Director, South Africa, Nigeria and Angola; Washington DC

ANTONIA OBEYA

Member of the Board of Directors, Capstone Microfinance Bank ( attendee)