The American Chamber of Commerce-The Gambia in collaboration with Gambia Growth Competiveness Project and the Ministry of Trade concluded two-day Micro-Enterprise Development training for its members at Relax Sahel Complex.
Speaking at the opening ceremony, the Charge D’ Affair at the American Embassy, Thomas Hull, reminded the participants about the purpose of the training, saying it was to learn about business management practices and how to take business to the next level through sound management.
He spoke about the liberalization and open economies that create growth which in turn creates enormous opportunities for companies to find markets for their products. He told the participants that during the recently-concluded first US-African leader’s summit in Washington with 50 African countries participating, including business leaders from throughout Africa and including The Gambia, President Obama declared he want Americans buying more African products.
He also stated that the US views African business as being at a critical point for the future prosperity of the continent. The Gambia must harness the power of its expanding middle class, and abundance of natural resources whether for tourism or export, to take advantage of the current investment climate. He also stated that the African Growth and opportunity Act AGOA continues to be the centerpiece of America’s economic engagement in Africa. It is the primary vehicle for African countries to take advantage of US Markets and preferential trade provisions.
The West African Trade Hub alone has facilitated more than $100 million in exports and trained more than 7,000 West Africans interested in exporting under AGOA.