Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of has been crucial to economic...
The One District, One Factory (1D1F) initiative was launched in 2017 as part of the government’s 10-Point Industrial Transformation Agenda released in the same year. Aimed at developing local industry through small and medium-sized enterprises (SMEs), the strategy hopes to establish a factory in 110 of Ghana’s 275 districts. By developing...
While e-commerce has become well established in more developed markets, the segment has been slower to take off in emerging economies. Online purchasing has been held down in these markets by financing, purchasing and logistics challenges. Nevertheless, online sales are growing rapidly in many developing countries in spite of these obstacles....
As one of the world’s top-10 aluminium producers, Bahrain’s raw and value-added aluminium shipments account for the bulk of non-oil exports. With recent rises in manufacturing investment, the sector is set for a year of significant growth in 2020. Majority-state-owned smelter Aluminium Bahrain (Alba) is leading the implementation of the Line 6...
Recent years have seen direct investment growing in Bahrain’s manufacturing sector. According to the Economic Development Board (EDB) – the kingdom’s export promotion agency – investment in manufacturing rose by 18% in the five years to 2018, and by 4.3% during the first half of 2018. Figures for full year 2018 show that the manufacturing,...
Small and medium-sized enterprises (SMEs) drive global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. The rise of SMEs has been crucial to economic diversification and resilience, particularly in...
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