Micro, Small, and Medium-sized Enterprises Day.
“African entrepreneurs contributing to, and benefitting from AfCFTA.”
27th June 2023. African Union Headquarters.
The commemoration of the Micro, Small, and Medium-sized Enterprises Day focuses on the contribution by Micro, Small, and Medium-sized Enterprises to sustainable development and the global economy. Recognizing the need to focus on the importance of micro-, small and medium-sized enterprises in achieving the Agenda 2063 Goals, in particular in promoting innovation, creativity, and decent work for all, and the importance of encouraging the formalization, participation, and growth of micro-, small and medium-sized enterprises in international, regional and national markets, including through access for all to capacity-building and financial services, such as affordable microfinance and credit.
As part of the effort to inspire economic growth and transformation on the continent, the African Union Small and Medium Enterprises Strategy was developed and adopted in 2019 by the Executive Council. The Strategy was endorsed by the Heads of State and Government during the 17th Extraordinary Summit on Industrialization and Economic Diversification on 25th November 2022 in Niamey, Niger. Its main objective is to develop competitive, diversified, and sustainable economies underpinned by dynamic, entrepreneurial, and industrial sectors that generate employment, reduce poverty, and foster social inclusion.
An Integrated Programme Delivery Framework for the Implementation of the AU MSME Strategy recommended regular interface and knowledge exchange meetings on the status of SME development resulting from the implementation of the SME Strategy to take place at the regional and continental levels.
OBJECTIVES OF COMMEMORATING THE MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES DAY.
The purpose of commemorating Micro, Small, and Medium-sized Enterprises (MSMEs) Day is to provide awareness of the positive impact of MSMEs on African Economies and provide avenues to share knowledge and information to support MSME Development through various programs from AU Partner Organizations. Commemorating MSME Day is to also build awareness of the upcoming 2nd AU MSME Annual Forum which will take place in Niamey, Niger from 4-8 September 2023. Under the theme “Start-up Acts: An emerging instrument to foster development and Innovation in Africa”.
ACTIVITIES FOR MICRO, SMALL, AND MEDIUM-SIZED ENTERPRISES DAY.
The African Union Commission, Economic Development, Trade, Tourism, Industry and Minerals Department (AUC-ETTIM) recognizes the importance of MSMEs as drivers of economic growth and job creation on the continent. In this regard, the AUC-ETTIM is organizing a High-level event that will serve the purpose of commemorating the International Day of MSMEs, this will take place in a High-Level commemoration event, two important panel sessions, and an experts group meeting with Ministries, Directors, and Agencies in-charge of MSME development in AU Member States.
