Afreximbank Urges Export Firms’ Prioritisation To Drive African SMEs

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The African Export-Import Bank (Afreximbank) has called on African countries to prioritise the development of public and private export trading companies

in order to position the continent’s small and medium enterprises to participate effectively in global trade.

Awani speaking on behalf of president of the Bank, Prof. Benedict Oramah, said that SMEs participating directly in global trade faced stiff competition from multinational and significantly large corporations, making their chances of success or survival marginal, if not zero.

 

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