Xport Accelerator Programme: Empowering SMEs for Successful Expansion into Africa

The Xport Accelerator Programme aims to enhance the export capabilities of SMEs in Mauritius, providing vital training to understand the African market and exporting intricacies, thus enabling them to leverage trade opportunities through the AfCFTA.

The Xport Accelerator Programme has been designed to bolster the export capabilities of small and medium-sized enterprises (SMEs) and to harness their potential for trade opportunities in Africa, particularly under the framework of the African Continental Free Trade Area (AfCFTA). From October 14 to 16, 2024, the Mauritius Chamber of Commerce and Industry (MCCI) in collaboration with the United Nations Development Programme (UNDP) hosted a comprehensive three-day workshop. This event brought together representatives from 15 Mauritian SMEs as well as three additional participants from Seychelles, focusing on enhancing their understanding of export dynamics and the African market. During the workshop, participants engaged in rigorous training that covered essential topics including but not limited to export strategy, international marketing, financial risk management, logistics, and international trade standards. They also benefited from insights into trade agreements provided by esteemed institutions such as the MCCI and the Mauritius Revenue Authority’s Customs Department. The workshop fostered dialogues between SME representatives and industry experts, addressing queries regarding challenges in exporting to African markets within the AfCFTA context. In his remarks, Mr. Patrice Marie, the Vice-President of the MCCI, emphasized the critical role of SMEs in the Mauritian economy, contributing approximately 40% to the Gross Domestic Product and accounting for 55% of total employment. He pointed out that Mauritius is home to nearly 120,000 SMEs, encountering substantial potential for international market expansion, particularly in service exports aimed at Africa. Additionally, Ms. Amanda Serumaga, UNDP Resident Representative for Mauritius and Seychelles, highlighted the continent’s burgeoning potential for trade and entrepreneurship: “Africa, with its rich tapestry of cultures, resources, and innovative spirit, is swiftly emerging as a global hub for entrepreneurship, driving innovation and shaping markets. Yet, many entrepreneurs still face significant barriers when it comes to exporting their goods and services. To fully unlock the vast potential that African entrepreneurs possess, we must commit ourselves to the relentless pursuit of capacity building—an endeavour central to the mission of the UNDP.” Ultimately, the Xport Accelerator Programme is positioned as a pivotal initiative for Mauritian SMEs, offering critical training and facilitating collaboration with industry experts. This program aims to create a conducive environment for SME growth and sustainability, promoting their successful entry and expansion into African markets.

The Xport Accelerator Programme is an initiative focused on increasing the export readiness of small and medium-sized enterprises (SMEs) in Mauritius. By aiming to equip these businesses with the necessary knowledge and skills for better engagement in international trade, particularly under the AfCFTA framework, the program addresses barriers that SMEs face when entering African markets. This initiative reflects a broader recognition of the importance of SMEs in contributing to economic growth and employment within the region, especially as Africa emerges as a significant arena for entrepreneurial activity.

In summary, the Xport Accelerator Programme plays a vital role in enhancing the export capacity of SMEs in Mauritius. Through intensive training and collaboration with experts, it fosters a supportive environment for SMEs to explore and leverage trade opportunities in Africa. The emphasis on capacity building and understanding of market dynamics underlines the program’s commitment to empowering local businesses to thrive in an increasingly interconnected global market.

Original Source: www.undp.org