African Free Trade Agreement will help Namibian SMEs compete - Danny Meyer

African Free Trade Agreement will help Namibian SMEs compete - Danny Meyer
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Nampa

The director of an organisation that helps small and medium enterprises (SME) grow says easier access to bigger foreign markets through the African Continental Free Trade Agreement (AfCFTA) will help Namibian businesses.
SMEs Compete director Danny Meyer told Nampa that the domestic market is small and limits growth possibilities for many enterprises.
He said countries with higher populations like Angola, Zimbabwe, Zambia and Malawi pave the way for business growth, especially for small Namibian firms with export-ready products or services.
Meyer stressed that SMEs Compete will develop and introduce a training programme to equip entrepreneurs with knowledge on exporting procedures and foreign currency payment transactions.
He said enterprises like Miracle Arts and Crafts, Indigenous Batik Designs and Dinapama Manufacturing would gain a lot from access to foreign markets and the local SME sector would expand.
The AfCFTA would expand intra-African trade through better harmonization and co-ordination of trade liberalization and facilitation across Africa's Regional Economic Communities and the continent.