Unlocking the Potential of Small and Medium-sized Enterprises (SMMEs) in Africa's Free Trade Market: Strategies for National, Regional, and Continental Economic Development Enhancement

Abstract

In the uncharted waters of the African Continental Free Trade Agreement (AfCFTA), navigating the path to successful implementation and sustainable economic growth requires a profound understanding of the role that Small, Medium and Micro Enterprises (SMMEs) can play. This abstract sets out to articulate a novel research endeavour aimed at addressing this critical challenge. Against the conference theme, "Leading Change in the Uncharted Waters of the Continental Free Trade Agreement," this research aims to provide a comprehensive framework for enabling SMMEs to thrive within the AfCFTA. As the AfCFTA heralds a new era of opportunities and complexities, it is imperative to outline a strategic pathway for nations, regional blocs, and the overarching continental initiative to harmonise their efforts. This research sheds light on the policy adjustments, infrastructure development, and support mechanisms required at each level to empower SMMEs. A key emphasis of this framework will be on technology adoption and knowledge transfer, leveraging the digital age to enhance the competitiveness of SMMEs. This research aims to bridge the gap between policy formulation and implementation, offering practical insights into how governments, regional organisations, and the AfCFTA secretariat can collaborate effectively. By mapping out a coherent strategy that empowers SMMEs with access to markets and resources, this research seeks to maximise their contribution to economic growth and development throughout the continent. By emphasising the role of SMMEs and proposing a holistic framework, it seeks to guide the way forward in the uncharted waters of the AfCFTA, ultimately contributing to the prosperity of nations and the continent. This research employs a multidisciplinary approach, combining qualitative and quantitative methods. It encompasses policy analysis, case studies, surveys, and in-depth interviews with stakeholders across various levels of government, regional organisations, and the AfCFTA secretariat. The research data will be subjected to rigorous thematic analysis, statistical examination, and comparative assessment. The findings inform the formulation of a comprehensive framework to enhance SMMEs' competitiveness within AfCFTA.