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Tuesday, 7 May 2013

Competitive private sector a key to economic growth

Posted on 11:49 by Unknown
Africa’s Structural Transformation is highly dependent on a strong and competitive private sector to foster social and economic development in the African continent.


 Boosting African private sector entails providing support in improving the business environment and access to market opportunities; providing financing, business assistance and advisory services to companies; strengthening institutional frameworks and promoting commerce and the integration of regional markets.

The African Development Bank (AfDB) and Morocco, as well as most Regional Member Countries are committed to making the development of national and regional private sector a priority. 


This commitment is reflected in their involvement in activities covering booming sectors promoting inclusive growth especially those targeting the employment of youth and women. Hence, the AfDB, through its Projects and Programs, creates business opportunities across Africa which benefits the private sector and various categories of stakeholders.


The Confederation general des enterprises microclines (CGEM) and the AfDB are hosting a Seminar on May 27, 2013 as a side event to the Bank’s Annual Meetings in Marrakech (Morocco) from May 27 to 31, 2013. 


The objective of the meeting is to serve as a forum to exchange and share experiences on this important challenge.


Various topics covered will provide opportunities for the participants, from the private sector companies of Morocco and of other African countries, as well as from around the world, to exchange on existing AfDB financial instruments and related business opportunities for the private sector and strategies to promote African Small and Medium-Sized Enterprises competitiveness.


Not only that but also windows for private sector financing and access to credit mechanisms (case of Morocco and other countries); and public policies aimed at favoring African businesses including SMEs and fostering market accessibility and growth.


This forum will allow participants to network and establish potential business partnerships. More specifically it will provide opportunities to interact with eminent experts, government officials and business leaders.

Ends.
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