← African Media Agency African Media Agency·29 June 2026 Ministry of Women and Social Affairs (MoWSA) convened regional experts for a livelihoods workshop.Photo: Helena Hwang, World Bank
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Small and medium enterprises (SMEs) are the backbone of the world economy, accounting for most businesses across nearly every region. In the developing world, SMEs make up90 percentof the private sector and create more than50 percentof jobs in their corresponding economies. In Africa, SMEs provide an estimated80 percentof jobs across the continent, representing an important…