The Second Micro, Small, and Medium-sized Enterprises (MSMEs) Forum is being held in Addis Ababa under the theme “Start-up Acts: An Instrument to Foster Development and Innovation in Africa.’

The five-day event is organized by the Economic Development, Trade. Tourism, Industry and Minerals Department (ETTIM) of the African Union.

The Annual Micro, Small, and Medium-sized Enterprises Forum is one of the initiatives to support the implementation of 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.

Moreover, the forum seeks to promote, upskill, and strategize for a better, more inclusive African SME sector to realize Africa’s Industrialization in the context of the integrated market.

Source: Ethiopian News Agency