VIEWS: 2 PAGES: 1 CATEGORY: Business & Economics POSTED ON: 5/28/2010
More than half of the annual aid procurement market, worth an estimated $10 billion, is destined for Africa. Supporting African small and medium-sized enterprises (SMEs), including businesses owned by women, to access this market has enormous potential for economic growth and development. Africa has a competitive and dynamic private sector, which is able to supply products and services of quality. However, aid agencies often lack the time and resources to identify new local sources of supply and African SMEs have limited knowledge about the aid procurement market, which they think is too complex to access. Launched in 2001, the Buying from Africa for Africa initiative has resulted in new business for African companies worth more than $70 million.
Pages to are hidden for
"BUYING FROM AFRICA FOR AFRICA"Please download to view full document