‘Micro,’ ‘Small’ and ‘Medium’ Are Making a Big Impact in Tunisia
How can Tunisia boost private sector growth and employment? By supporting the segment of the economy that employs 44% of the formal private sector workforce and accounts for 99.7% of all enterprises in the country.
And what segment is this? The country’s micro-, small- and medium-sized enterprises (MSMEs), which are big engines of growth and job creation in Tunisia. That’s why the World Bank recently approved $100 million to finance the scaling up of its existing activities to improve access to finance for MSMEs.
These firms also were the focus of a recent GE-hosted suppliers conference titled, “Supply Chain Opportunities: Supporting the Growth of Tunisian SMEs.” More than 100 suppliers attended the event, which was organized in partnership with the American Chamber of Commerce in Tunisia.
A panel discussion titled, “Creating a Robust Local Supply Chain in Tunisia: Opportunities for Partnerships,” shared the insights of Boeing, GE, HP, Microsoft and Pfizer regarding their role in creating job opportunities in Tunisia and the steps that can be taken to boost economic competitiveness. Various sessions on energy, information technology, healthcare, aviation and transportation explained the requirements that international sourcing leaders look for when identifying potential suppliers. The event also served as a networking opportunity for Tunisian SMEs.
The conference addressed the positive impact that developing a strong supply chain across various industrial sectors can have on creating jobs and strengthening the country’s economic competitiveness.
GE organized the conference as part of the memorandum of understanding (MoU) that it signed with the Ministry of Development and International Cooperation in November 2013. The MoU commits GE to working to promote exports and entrepreneurship for Tunisian youth, with sector emphasis on transportation, healthcare and energy.
Learn more about GE’s contributions to growth and work that matters in Tunisia and the rest of the Middle East by clicking here.