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Finish of the first West African Startup Summit: a number of award-winning start-ups and the draft constitution for micro, small and medium-scale enterprises (MSMEs) adopted.

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Niamey(Niger), 22 November 2021
The first West African Startup Summit organised by the Financial Neighborhood of West African States (ECOWAS), with the help of UNIDO, ECOBANK and the African Solidarity Fund (ASF), ended with the adoption of the draft constitution for micro, small and medium enterprises (MSMEs) and the presentation of award of one of the best startups within the area. This summit was held from 17 to 22 November 2021, in Niamey, Niger, on the sidelines of the African Union’s 2021 industrialisation week, 

Throughout this assembly in Niamey, whose primary themes had been: “Insurance policies for an enabling environ-ment for entrepreneurship in an built-in area: The position of the governments of ECOWAS Member States and the personal sector” and “Financial transformation by way of technologi-cal clusters and innovation within the ECOWAS area”, the consultants and the Ministers in control of Commerce, Trade and Small and Medium-scale Enterprises thought-about and adopted the brand new constitution for micro, small and medium enterprises (MSMEs) and validated the work of the Jury that chosen one of the best startups within the West African area.

On the finish of this competitors, 10 startups from the ECOWAS area that proposed progressive options in numerous fields starting from the digitisation of agriculture to social companies, by way of industrial transformation processes and financial and monetary transactions, had been awarded prizes. The primary prize of 30,000 {dollars} was awarded to Mr. Olivier Biley from Côte d’Ivoire for his resourcefulness within the digitalisation of agriculture by way of the creation of an entire and built-in ecosystem utilizing the drone. Mr Konou Yawo Muwape from Togo, who proposed a challenge for the manufacturing and advertising and marketing of a water drilling administration system, acquired the second prize of 20 thousand US {dollars}. Ebun Feludu from Nigeria acquired the third prize price 15 thousand US {dollars} for his challenge on the manufacturing and advertising and marketing of coconut-based merchandise and derivatives.

H.E. Mr. Okyere Micheal Baafi, Ghanaian Minister of Commerce and Chairman of the ECOWAS Council of Ministers in control of Commerce, who opened the assembly of the Sectoral Ministers of Commerce of ECOWAS Member States on Monday 22 November 2021, within the presence of his Nigeri-an counterpart, Mr. Gado Sabo Moctar, recalled the tough financial context during which this high-level assembly of the MSME sector is happening on account of the COVID-19 pandemic. He additionally urged ECOWAS Member States to advertise and speed up their industrialisation for the advantage of our individuals by creating an enabling setting for younger entrepreneurs.

Earlier in his speech, Minister Gado Sabo Moctar, expressed satisfaction with the conclusions of the assembly of consultants and counseled ECOWAS for its management position in selling the event of start-ups within the area. That is by way of the insurance policies and dynamics of digitalisa-tion, in addition to the primary channels by way of which they’ll improve employment for younger individuals. “Startups are actual drivers of structural change for sustainable financial progress and prosperity, enabling the manufacturing of recent data, services and products in addition to the event of recent markets and job creation,” stated Minister Gado Sabo Moctar

In the course of the opening ceremony on Monday 22 November, Commissioner Mamadou Traoré, in-formed contributors that the assembly turned crucial for drawing up a profile of reforms to be applied by States to help them in rising the resilience of their economies. “The revision of the West African Constitution for Small and Medium Enterprises has allowed for the reclassification and re-grouping of Micro-Small and Medium Enterprises in keeping with turnover and employees, the inclusion of networks of small enterprise improvement businesses, platforms of Mi-cro, Small and Medium Enterprises and digital entrepreneurs,” stated Commissioner Traoré.

It ought to be famous that this new constitution takes under consideration enhancements by way of the inclu-sion of recent progressive financing mechanisms, clusters, industrial workspaces, bio-innovation centres, high quality requirements and high quality assurance significantly within the context of the FTAA. It ought to be famous that this new constitution takes under consideration enhancements by way of the inclusion of recent progressive financing mechanisms, clusters, industrial workspaces, bio-innovation cen-tres, high quality requirements and high quality assurance significantly within the context of the FTAA.

The ECOWAS Startup Summit introduced collectively younger entrepreneurs to current their progressive, multi-sectoral options and vibrant concepts in new applied sciences. It additionally supplied a discussion board for elevating consciousness on the position of start-ups amongst governments, coverage makers, private and non-private buyers, the media and entrepreneurs. Contributors additionally shared classes, success tales and addressed crucial points underlying enhancements within the start-up and innovation ecosystem in West Africa.

Pictures


Minister of Niger Gado Sabo Moctar faisaint son allocution lors de la cérémonie de Gala
L-R ghana ghaneen OKYERE MICHEAL, le minister Gado Sabo Moctar, Commissioner Mamadou Traoré

excessive desk of the assembly of consultants with Commissioner Traore (Left) and Abdou Ibrahim SGA of the Niger Ministry of Commerce

Commissioner Mamdou Traoré made his speech in the course of the Gala ceremony

Commissioner Mamdou Traoré discussing with the Press (1)

 

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