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2nd Annual Micro, Small, and Medium-sized Enterprises Forum “Start-up Acts: Fostering Development and Innovation in Africa.”

2nd Annual Micro, Small, and Medium-sized Enterprises Forum “Start-up Acts: Fostering Development and Innovation in Africa.”

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septembre 04, 2023 to septembre 08, 2023

About the 2nd Annual Micro, Small, and Medium-Sized Enterprises Forum.

The African Union led by the Department of Economic Development, Trade. Tourism, Industry and Minerals Department (ETTIM) is organizing the second MSME Forum under the theme "Start-up Acts: An Instrument to Foster Development and Innovation in Africa’’. This is one of the initiatives in implementing the African Union Small Medium Enterprises strategy. Start-up Acts can significantly improve private sector development and consequently, economic development as they provide a framework and business environment that is predictable and makes it easier for start-ups to operate.

The Acts include an amalgamation of policies intended to increase the incentives for young people to start a venture, investors to put their money into promising companies, and other ecosystem actors to lend their support where it’s needed. Tunisia and Senegal are the two first movers in this arena on the continent with their Acts adopted in 2018 and 2019 respectively. These policies are part of broader government strategies to position their countries as innovation hubs by leveraging an emerging tech ecosystem to improve economic development.

 

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