Breaking News

SMEs vital to healthy trade in Africa

by Agencies
06 November 2017 | 206 Views
Accounting for roughly 60% of global Gross Domestic Product (GDP), trade is the pulse of the global economy. Beyond economics, however, there is a strong human component that comes through in the stories of great entrepreneurs creating growth and prosperity in their local communities. These locally grown businesses and the people behind them are ultimately what trade is all about.

Kevin Taylor, Ghana Sales and Country Representative of A.P Moller-Maersk, says that one such entrepreneur is Sefa Gohoho-Boatin, the owner of Eden 'n' Eve - a 10-acre flower farm in rural Ghana – who was recently featured in Maersk's award-winning 'The Heart of Trade' campaign which promotes the company's longstanding passion for trade through a series of authentic films celebrating the everyday entrepreneur of this world as the true hero of global trade.

Entrepreneurs like Sefa, who operate on the African continent, play a particularly important role, says Taylor, highlighting the importance of small and medium-sized enterprises (SMEs) operating in Africa and how they contribute vitally to intra-Africa trade, as well as economic growth.

"Across the globe, SMEs contribute to economic growth and job creation. According to United Nations Conference on Trade and Development (UNCTAD) in developing countries, SMEs provide the majority (60-70%) of formal employment, and in sub-Saharan Africa alone, this figure increases to 80%.  SME growth on the African continent therefore has the potential to significantly boost economic conditions and, as the leading network of container logistics, we have a role to play in the constant drive towards further enabling entrepreneurs to trade," he explains.

Sefa says, however, that starting her business was no easy feat. "Winning the trust of the community and starting a flower farm in Ghana's jungle was a challenge, but by overcoming infrastructure barriers, I have been able to help the women of an underprivileged part of the country to become masters of their land - and their pockets."

The success of Sefa's business is also very much dependent on supplies such as fertilizer imports and the annual orchid and heliconia harvest, amounting to 125 tonnes, being moved to markets in Holland, Dubai and Nigeria. In addition, a well-developed infrastructure is also of importance, making sure that the goods are delivered to port terminals in time for easy export, otherwise it will be extremely hard for the businesses to operate.




"The infrastructure needs to be developed to get the produce to the port in time, otherwise, we can't operate," she says.

Taylor agrees that infrastructure is key to stimulating free trade and supporting economic growth in Ghana. "According to estimates, more trade will increase the revenues of Ghana's import and export companies, which will lead to as much as a USD 1.1 billion rise in Gross Value Added to the Ghanaian economy and as many as 450,000 new jobs."

Taylor concludes, however, that none of this would be possible without entrepreneurs like Sefa as well as possibilities of unhindered trade. "Sefa's story really showcases what trade is all about. At the heart of trade are people: entrepreneurs, workers, producers, customers and consumers. Free trade simply acts as an amplifier and is helping these striving entrepreneurs to prosper in their work as well as helping countries to grow and connecting the world."

To discover more about 'The Heart of Trade' campaign please visit: https://www.maersk.com/explore/we-love-trade

SME Africa Gross Domestic Product

Source: Agencies

Comments

Latest News

Just enjoying our Katuruturu as it is now Zituruturu

by MuHwisiry Chaiyeiye | 22 April 2019 | 1 Views

The Gukurahundi Solution - Thirty five years after this Zimbabwe human...

by The Gukurahundi Solution | 22 April 2019 | 1 Views

Supporting Zimbabwe's devolution plans with devolved blockchain - 8-10...

by Donald Mudenge | 22 April 2019 | 1 Views

11 dead in kombi, Honda fit head-on accident - Eleven (11) people are ...

by Staff reporter | 22 April 2019 | 1 Views

Chamisa unveils Mwonzora, Mudzuri rescue plan

by Staff reporter | 22 April 2019 | 1 Views

Mnangagwa pleads with Diasporans

by Staff reporter | 22 April 2019 | 1 Views

Tsvangirai turning in his grave, says daughter

by Staff reporter | 22 April 2019 | 1 Views

Minister fouls Mnangagwa's plans fouled by Owen Ncube

by Staff reporter | 22 April 2019 | 1 Views

Bosso, Dembare beaten again

by Staff reporter | 22 April 2019 | 1 Views

Chamisa urged to back Mwonzora's bid

by Staff reporter | 22 April 2019 | 1 Views

Registrar of Deeds dragged to court - REGISTRAR of Deeds has been drag...

by Staff reporter | 22 April 2019 | 1 Views

Churches taking anti-sanctions crusade to opposition parties

by Staff reporter | 22 April 2019 | 1 Views

Cyclone Idai donations 'looting' soldiers freed - THREE soldiers that ...

by Staff reporter | 22 April 2019 | 1 Views

Chamisa faces VPs Dilemma - OPPOSITION leader Nelson Chamisa is in a d...

by Staff reporter | 22 April 2019 | 1 Views

Price controls the only way to go, says Mutodi

by Staff reporter | 22 April 2019 | 1 Views

Cyclone Idai victims resist tent homes - PLANS by government to settle...

by Staff reporter | 22 April 2019 | 1 Views

ZANU PF launches 10 000 youths to fight for a mine?

by Mandla Ndlovu | 22 April 2019 | 1 Views

'Corruption and cronyism worrying Mnangagwa' ZANU PF MP says

by Mandla Ndlovu | 22 April 2019 | 1 Views

WATCH: Apostle Vutabwashe blasts Mnangagwa's government

by Mandla Ndlovu | 22 April 2019 | 1 Views

Uproar as Harare spends two weeks without water

by Mandla Ndlovu | 22 April 2019 | 1 Views

Strive Masiyiwa's maths on Rand pricing is wrong

by Tinashe Nyahasha | 22 April 2019 | 8 Views

Mnangagwa lied about his arrest by whites?

by Mandla Ndlovu | 22 April 2019 | 6 Views

Genocide: A tool used by Mashonaland to demonise Ndebeles

by Mqondisi Moyo | 22 April 2019 | 6 Views

PHOTOS: Wicknell Chivayo carrying US$1 million in cash

by Mandla Ndlovu | 22 April 2019 | 4 Views

Zimra moves towards single clearance at ports of entry

by Staff reporter | 22 April 2019 | 4 Views

Fraudulent clerk of court denied bail - A RUSAPE clerk of court facing...

by Staff reporter | 22 April 2019 | 1 Views

Confusion over Sadomba suspension

by Staff reporter | 22 April 2019 | 1 Views

Bosso brace for Triangle - HIGHLANDERS will be hoping that their Indep...

by Staff reporter | 22 April 2019 | 1 Views

Rank marshal jailed over witchcraft rant - A Kwekwe commuter omnibus r...

by Staff reporter | 22 April 2019 | 1 Views

Entertainment

List of Zimbabwean celebrities who became politicians

by Mandla Ndlovu | 22 April 2019 | 1 Views

Analysts defend Tinashe Kachingwe

by Mandla Ndlovu | 22 April 2019 | 1 Views

Charambas drop videos

by Staff reporter | 17 April 2019 | 1257 Views

Jah Prayzah dares UK fans

by Staff reporter | 17 April 2019 | 3474 Views

Bekezela wants his music to appeal to Zimbabweans - South Africa-based...

by Staff reporter | 17 April 2019 | 194 Views

Olinda and Tytan welcome new born baby

by newzimbabwe | 11 April 2019 | 912 Views

Bev looks to conquer world

by Staff reporter | 07 April 2019 | 2581 Views
iBlog

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago

What To Look For In Video Converter Software

looking for the best video converter software? you have to compare different video converters before making a purchase.the ability to watch video on different types of devices is a wonderful thing. not so wonderful are the compatibility issues that ... Read More
Sergey 19 June 2015 ago