will strengthen its commitment

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“ Through this partnership, the center to supporting small businesses in accessing finance and digitalization and jointly address SDG 8 (decent work and economic growth). This partnership is the next step in ICT’s ambition to collaborate with the private sector to scale solutions supporting small businesses ,” said Robert Skidmore, Head of Sector and Enterprise Competitiveness at the International Trade Centre.

According to the LSEG Africa Advisory Group's 2018 report, "The Challenges and Opportunities of SME Financing in Africa," SMEs represent a austria mobile database factor in job creation and economic growth. In Africa, they represent approximately 90% of businesses, create between 60% and 80% of jobs, and contribute 40% of GDP. In comparison, SMEs in the United States and Europe account for 53% and 65% of businesses, respectively.

Through this partnership, ITC and MFS Africa will help place small businesses at the heart of financial inclusion and digitalization. The partnership marks an important step in contributing to the United Nations 2030 Agenda for Sustainable Development. According to Ali Ouedraogo, Head of Expansion at MFS Africa, it will " build a new era where small businesses are at the heart of economic growth for the benefit of millions of African citizens ."