Small and Medium Size Enterprises (SMEs) in sub-Saharan Africa are said to have a great potential with regards to job creation. Thus, more focus has been given to this sector of the economy, especially when considering the continent has already hit the one billion population mark. The majority of whom, are under the age of 30.
SMEs are seen as one of the most promising ways to create a source of income for this youthful African population. With a young population, come some investment opportunities: an energetic workforce, creative generation, producers and consumers of good and services among others. Also meaning, the investment market in Africa is also ripe and booming with activities.
This reality also has dawn on investors and entrepreneurs from outside Africa. They have also seen the growing potential of the African continent in terms of human and natural resources. The EU Business Report tabled February, 2014 showed that the investment in Africa rose by 136%.
This is what makes up the focus of our today article. One organization, dubbed Afro Business Expo (ABE) wants to be the platform where African SMEs can meet, partner, …read more