UNDP, CRDB launch AfCFTA simplified guide

DAR ES SALAAM: UNITED Nations Development Programme (UNDP) and the CRDB Bank Foundation have launched a simplified guide aimed at helping Tanzanian micro, small and medium sized enterprises (MSMEs) participate more effectively in the African Continental Free Trade Area (AfCFTA).

This initiative is designed to provide MSMEs with practical tools and knowledge to expand their businesses across African markets.

The launch event, officiated by Deputy Minister of Industry and Trade, Exaud Kagahe, underscored the government’s commitment to supporting MSMEs.

“The government recognises the benefits of the AfCFTA, which is why our Parliament ratified the agreement in September 2021, making us eligible to benefit from the African Free Market,” said Mr Kagahe.

He added that this decision is aimed at opening up opportunities for Tanzanian entrepreneurs beyond national borders.

The initiative offers MSMEs essential resources, including market entry guidance from trade experts, value chain mapping to identify trade opportunities and a simplified AfCFTA guide to help entrepreneurs navigate trade procedures and regulations.

“To fully seize these opportunities, our people must have accurate information and the courage to cross borders in pursuit of these opportunities within Africa,” said Mr Kagahe.

UNDP Resident Representative, Mr Shigeki Komatsubara, emphasised the need for collaboration among stakeholders.

“The AfCFTA, as the largest trade zone in Africa, presents immense opportunities to increase intra-African trade, attract investment and drive socio-economic transformation, particularly for women,” he said. “UNDP is committed to supporting Tanzanian SMEs to leverage these opportunities.”

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CRDB Bank Foundation’s Managing Director, Tully Esther Mwambapa, stressed the importance of empowering MSMEs as they are a crucial part of Tanzania’s economy.

“As the Foundation, we are committed to supporting the growth and competitiveness of Tanzanian SMEs by providing the tools, resources and training necessary for success in the AfCFTA market,” she said. “Together with our partners, we aim to ensure that Tanzanian entrepreneurs thrive in a globalised economy.”

The AfCFTA Guide is a comprehensive resource for SMEs seeking to expand their reach. Additionally, the UNDPCRDB CBF capacity-building initiative strengthens SMEs’ competitiveness and trade readiness.

The collaboration with key institutions, including the Tanzania Revenue Authority (TRA), Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) and Tanzania Bureau of Standards (TBS), ensures SMEs receive the support needed to engage effectively in AfCFTA markets.

This initiative marks an important step forward in positioning Tanzanian SMEs for economic integration and sustainable development.

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