Small and Medium-size Enterprises (SMEs) in Africa provide over 50% of Africa's Gross Domestic Product (GDP). It is therefore not surprising that they are considered the backbone of economic growth in Africa. Economic growth in this decade of action must be equitable, inclusive, and progressive to ensure that no one is left behind.
The SMEs, being the engine of economic growth in Africa, will therefore have to undertake economic activities that will generate greater prosperity and create jobs while protecting the environment. Protecting the environment will mean adopting regenerative approaches to production, avoiding and reducing environmental pollution, avoiding or reducing greenhouse gas (GHG) emissions and adopting cleaner technologies.
Report by the African Development Bank