Tuesday, April 21, 2026

ECOWAS boosts MSMEs for regional growth

Ms Toure-Litse urged member states to collaborate in shaping actionable strategies for integration, competitiveness, and innovation.

• March 11, 2025
ECOWAS officials in Cape Verde
ECOWAS officials in Cape Verde

The Economic Community of West African States has reaffirmed its commitment to empowering micro, small, and medium-sized enterprises as key drivers of regional economic growth and development.

Massandjé Toure-Litse, ECOWAS’ commissioner for economic affairs and agriculture, stated this during a meeting of the ECOWAS Small-Scale Business Coalition in Praia, Cape Verde, on Monday.

Ms Toure-Litse urged member states to collaborate in shaping actionable strategies for integration, competitiveness, and innovation.

She also encouraged them to harness the African Continental Free Trade Area to boost industrialisation, strengthen trade frameworks, and attract investments that turn challenges into opportunities.

According to her, the coalition is a beacon of hope and well-positioned to create jobs, empower women and youth, and enhance economic cooperation among member states.

Ms Toure-Litse described the formation of ESBC as a milestone that underscores the coalition’s determination to drive economic growth, innovation, and empowerment across the subregion.

She noted that ESBC had established a thriving ecosystem that supports businesses and communities, highlighting the coalition’s progress and inspiring achievements.

Abdulrashid Yerima, ESBC president, said the event’s theme was not just a slogan but a clarion call to action for economic transformation.

He said AfCFTA and the ECOWAS Trade Liberalisation Scheme were gateways to unlocking opportunities for millions of women-led businesses.

Mr Yerima stressed that investing in women’s access to finance, digital tools, and cross-border markets is essential for fostering sustainable growth that benefits entire communities.

He described the event as a tribute to the resilience of women in West Africa and beyond, whose leadership and innovation are shaping a future of shared prosperity.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Troops

States

Troops rescue three kidnapped victims in Kaduna community 

Bandits invaded the community in the early hours of Tuesday and abducted three residents.

The Nigerian Stock Exchange

Economy

Stock market gains N88 billion on renewed buying interest

The market’s year-to-date return improved to 40.25 per cent.

Olatunji Disu

Abuja

167 senior police officers face disciplinary committee for alleged misconduct

Mr Disu said the ongoing disciplinary proceedings are part of broader institutional reforms. 

Awka Township Stadium

Sport

Athletics coach laments shortage of trainers in Anambra sports sector

According to him, the shortage of technical manpower is affecting athletes’ exposure in the state.

Governor Dikko Radda

States

Gov. Radda elevates Katsina district, village heads to higher grades

Mr Radda described the reform as a major step towards strengthening traditional institutions.

A ship loads crude oil

World

U.S. forces boarded sanctioned oil vessel in Indian Ocean: Official

“International waters are not a refuge for sanctioned vessels,” the Pentagon said.