WSF & EABC JOIN FORCES TO INTEGRATE AFRICAN SMES TO GLOBAL MARKETS

Entry Date Nov 18 2017 // News, Events

WSF & EABC JOIN FORCES TO INTEGRATE AFRICAN SMES TO GLOBAL MARKETS

• World SME Forum (WSF) and the East African Business Council (EABC) join forces to integrate African SMEs to global markets. EABC and the WSF signed an affiliation agreement on 15 November 2017 in Dar es Salaam, Tanzania.
• WSF continues to expand the scope of its SME advancement programs to cover African SMEs as well.
• EABC to Support and Enhance African SMEs’ Integration to Global Markets

Dar es salaam, Tanzania: November 15th, 2017: The East African Business Council (EABC) signed an affiliation agreement with the World SME Forum to support and enhance African SMEs’ integration to global markets, on 15 November 2017, during the 2nd East African Business & Entrepreneurship Conference held in Dar es Salaam, Tanzania. The agreement, which was signed by Ms. Lilian Awinja, Executive Director of the EABC and Dr. Tunc Uyanik, President of the World SME Forum, will form the basis of enhanced collaboration between the respective institutions and contribute to economic development, job creation and inclusive growth in EABC countries.

The WSF gives priority to developing countries in its affiliation drive to facilitate their access to WSF’s SME development programs, initiated and implemented at regional and global level with a holistic focus on SME development. The WSF will work with the EABC to extend the scope of its activities and programs to the African continent and partnering with leading chambers and SME associations in the region. This is also in line with the priorities of the 2017 G20/B20 German Presidency, as well as the OECD and the World Bank Group, WSF’s institutional partners. In this respect, WSF has also previously signed affiliation agreements with the Kenya National Chamber of Commerce and Industry (KNCCI), Burundi Federal Chamber of Commerce and Industry (CFCIB) and Confederation of Zimbabwe Retailers (CZR).

About WSF
WSF was established in May 2015, in response to the recommendation of the 2015 B20 Taskforce on SMEs & Entrepreneurship and with the support of the G20 Finance Ministers. The G20 leaders officially welcomed the creation of WSF during their November 2015 meetings in Antalya, Turkey, as the first private-sector led entity to represent and support SME Development. The 2016 China B20 and the 2017 Germany B20 appointed WSF as their Business Network Partner for the B20 SME Development Taskforce/Working Group. WSF is expected to continue this role under the 2018 Argentina B20, effectively becoming a “bridge” across presidencies, ensuring continuity of the SME agenda and helping maintain momentum in each cycle’s recommendations.
The World Bank, OECD and the International Trade Center are WSF’s institutional partners.

As a not-for-profit, global and independent organization, the mission of WSF is to improve the overall growth and impact of small and medium enterprises (SMEs) globally. Partnering with international financial institutions (IFIs), development agencies, associations working in the SME space, and chambers, WSF works to advance the recognition of the role of SMEs in the global economy.

The work of the WSF is structured under three pillars in order to tackle major bottlenecks that impede SME growth:

• Advocacy and Research

WSF participates in the deliberations of international governance bodies, such as G20, APEC, WTO, global standard setting bodies, and relevant UN agencies to ensure that the interests of SMEs are more effectively represented and conducts networking events and research to share best practices, facilitate capacity building, make connections and enhance influence

• Advisory Services

WSF offers advisory services and technical assistance to chambers, government agencies and SME associations- including guidelines, frameworks, capacity building (both face to face and online) and technical assistance for their SME members to improve access to markets, GVCs and finance

• SME-Market Link (SME.Market) WSF designs and implements online platforms (both country to country and global) to facilitate global connectivity and trading amongst SMEs, provide scalable access to markets by linking SMEs to GVCs, provide information and targeted capacity building and facilitate access to finance

Since November 2017, WSF has been continuing its engagements and operations in the United States and continuing its engagements in Turkey, as well.


About East African Business Council (EABC)
The East African Business Council (EABC) is the apex advocacy body of the Private Sector from the East African Countries. It was established in 1997 to foster the interests of the Private Sector in the Integration process of the East African Community.

EABC’s vision is to be the dynamic apex body of the private sector in the East African Community, in fostering sustained economic growth and prosperity in the region.

Being the representative of Private Sector associations in the region, EABC was granted observer status in organs and activities of the East African Community (EAC). Therefore, EABC participates in various sectoral meetings, meetings of the Coordination Committee, Council of Ministers’ Meetings and the Summit of the EAC Heads of State; with a view to ensuring that the agenda of the Private Sector is well articulated and received by the policy makers. Visit: www.eabc.info

For more information please contact:
Ms. Lilian Awinja – Chief Executive Officer
The East African Business Council (EABC) - The Voice of Private Sector in East Africa
P. O. Box 2617 | Plot No. 01 | Olorien House | Perfect Printers Street | Arusha | Tanzania
Tel: +255 (27) 2543047 Fax: +255 272543047 Cell +255 758 124 318
Email:  info@eabc-online.com Website: www.eabc.info


Selma Kozak
World SME Forum (WSF)
Email:  selma.kozak@worldsmeforum.org
www.worldsmeforum.org

 

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