{"id":28176,"date":"2024-02-07T12:53:07","date_gmt":"2024-02-07T12:53:07","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities"},"modified":"2024-02-07T13:01:52","modified_gmt":"2024-02-07T13:01:52","slug":"empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities","title":{"rendered":"Empretec training opens an entrepreneur\u2019s eyes to AfCFTA opportunities"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>Elias has tasted success with exports: two years ago, he shipped lemons, bananas and other fruits to Namibia in a profitable venture.<\/p>\n

Micro, small, and medium enterprises (MSMEs) are the backbone of any economy. In Angola, people are determined to shift away from oil dependency, which currently constitutes nearly 94 per cent of foreign earnings.<\/p>\n

Although the Angolan economy grew an impressive 3.1 per cent in 2022, the World Bank attributed this growth primarily to improved oil revenues and enhanced economic management.<\/p>\n

Recognizing the country\u2019s need to diversity its economy, the UN Conference on Trade and Development (UNCTAD) is actively assisting the government in implementing an extensive Train for Trade II programme funded by the European Union and aimed at empowering thousands of Angolan entrepreneurs predominantly involved in MSMEs.<\/p>\n

Africa Renewal interviewed some successful small business owners to shed light on the key factors in their success and the prospects they see for their businesses and their country.<\/p>\n

Angolan entrepreneur Elias Carlos Manuel, aged 43, has set his sights on Namibia. He is looking to expand his agricultural enterprise by exporting produce \u2014 bananas, beans, corn, avocados and lemons \u2014 to this neighboring market. He is the CEO of Organizac\u0327o\u0303es Carlos Manuel, a company group predominantly involved in agriculture and trade.<\/p>\n

With a 140-hectare farm in Huambo, known as \u201cNova Lisboa\u201d or \u201cNew Lisbon,\u201d in west central Angola, Elias sees the export business as the logical next step in his growth strategy.<\/p>\n

Training gives entrepreneurs a new view<\/b><\/p>\n

In 2018, Elias signed up for Empretec training under the auspices of the Train for Trade II programme, financed by the European Union and delivered by the UN Conference on Trade and Development. He considered this training an eye-opener in spotting his opportunities to grow.<\/p>\n

AfCFTA will greatly benefit us, simplify trade and enable us to expand our business, which will increase economic activity and create jobs.<\/p>\n

Now he eagerly awaits the full implementation of the African Continental Free Trade Area (AfCFTA).<\/p>\n

The AfCFTA, representing a consolidated market of 1.3 billion people and a combined GDP of $3.4 trillion, promises to tackle cross-border trade barriers and streamline border procedures. It could generate nearly $300 billion in revenue for participating countries, according to the World Bank.<\/p>\n

Elias has tasted success with exports: two years ago, he shipped lemons, bananas and other fruits to Namibia in a profitable venture. \u201cIt worked out well at the time,\u201d he recalled, despite bad roads and stringent border post measures.<\/p>\n

Still, he said, \u201cThey need our produce in Namibia. We have ready customers and a business partner.\u201d He also plans to sell his produce in other regions of Angola due to high demand.<\/p>\n

Elias anticipates a growing demand for his produce, both locally and internationally, and he plans to take full advantage of the AfCFTA, if its state parties fully enact its provisions. \u201cIt will greatly benefit us, simplify trade and enable us to expand our business, which will increase economic activity and create jobs,\u201d he added.<\/p>\n

Namibia, with a population of 2.5 million, is much smaller than Angola with approximately 36 million. However, a niche and ready market in Namibia not only guarantees a steady cash flow for any business but also integrates regional economies, in line with the objectives of the trade pact.<\/p>\n

Diversifying expands horizons<\/b><\/p>\n

In addition to his agricultural endeavours, Elias is branching out into apartment rentals and warehousing. He is also constructing a private school.<\/p>\n

What Empretec did for me is priceless. The training experience opened our minds and instilled the belief in our potential.<\/p>\n

He attributes much of his business transformation to the Empretec training in 2019. \u201cThe training experience opened our minds and instilled the belief in our potential,\u201d he said.<\/p>\n

The certified trainers emphasized the importance of developing a clear business vision and working towards organizational goals. \u201cWhat Empretec did for me is priceless,\u201d he said.<\/p>\n

Elias\u2019 journey \u2014 starting with just 50 cases of soft drinks to owning a warehouse and two-story apartments and cultivating tens of hectares of land \u2014 highlights his growth as an entrepreneur.<\/p>\n

Furthermore, Elias aspires to contribute to society by supporting education. Currently, he donates books to schools in Huambo and periodically provides food for school children. He understands that, when children have access to free meals at school, they are more likely to stay there and learn \u2014 and learning makes all the difference.<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. Elias has tasted success with exports: two years ago, he shipped lemons, bananas and other fruits to Namibia in a profitable venture. Micro, small, and medium enterprises (MSMEs) are the backbone of any economy. In Angola, people are determined to shift away from oil dependency, which currently constitutes nearly 94 per cent […]<\/p>\n","protected":false},"author":84,"featured_media":28175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[291,293,292],"class_list":["post-28176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nEmpretec training opens an entrepreneur\u2019s eyes to AfCFTA opportunities - Sierra Leone<\/title>\n<meta name=\"description\" content=\"Elias has tasted success with exports: two years ago, he shipped lemons, bananas and other fruits to Namibia in a profit ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Empretec training opens an entrepreneur\u2019s eyes to AfCFTA opportunities\" \/>\n<meta property=\"og:description\" content=\"Elias has tasted success with exports: two years ago, he shipped lemons, bananas and other fruits to Namibia in a profit ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-07T12:53:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-07T13:01:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2024\/02\/sm_1707298225.343545.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"624\" \/>\n\t<meta property=\"og:image:height\" content=\"349\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Empretec training opens an entrepreneur\u2019s eyes to AfCFTA opportunities\",\"datePublished\":\"2024-02-07T12:53:07+00:00\",\"dateModified\":\"2024-02-07T13:01:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities\"},\"wordCount\":739,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2024\/02\/sm_1707298225.343545.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/empretec-training-opens-an-entrepreneurs-eyes-to-afcfta-opportunities\",\"name\":\"Empretec training opens an entrepreneur\u2019s eyes to AfCFTA opportunities - 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