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Compass Global’s initiative bridges Africa’s trade gaps, focuses on youth and women entrepreneurs

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January 3, 2025
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Compass Global’s initiative bridges Africa’s trade gaps, focuses on youth and women entrepreneurs

Modupeoluwa Olalere by Modupeoluwa Olalere
January 3, 2025
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Compass Global’s initiative bridges Africa’s trade gaps, focuses on youth and women entrepreneurs

Compass Global’s initiative bridges Africa’s trade gaps, focuses on youth and women entrepreneurs

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Compass Global, led by CEO Tokunbo Chiedu, has announced a significant initiative aimed at empowering small and medium enterprises (SMEs) to leverage the African Continental Free Trade Area (AfCFTA). 

This announcement was made on December 31, 2024, during the conclusion of their West Africa Meets East Africa Trade Mission.

Read also: Alibaba Cloud’s 85% price slash for Qwen-VL-Max set to transform AI in healthcare, finance

Empowering SMEs through AfCFTA

The program focuses on enhancing intra-African trade, particularly for women and youth entrepreneurs. 

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Chiedu highlighted, “Our primary goal is to empower SMEs to take advantage of AfCFTA and the $22 billion intra-African trade potential”.

The initiative has already organised events in Ghana, Nigeria, Kenya, and Tanzania, benefiting over 1,000 SMEs since its inception in 2022.

Participants received training in negotiation strategies and deal-making within the AfCFTA framework. The mission also included market visits and business-to-business meetings aimed at fostering essential connections for market access.

Read also: Prosus acquires Despegar for $1.7 billion, eyes Latin America’s booming travel market

Expanding across Africa: Compass Global’s 2025 vision

Key partners like Afreximbank and various women’s business networks support Compass Global’s efforts. Chiedu acknowledged Afreximbank’s role in sponsoring these initiatives, stating that their support is crucial for exposing participants to regional value chain opportunities.

Compass Global plans to expand into Central, North, and South Africa in 2025 to support SMEs and foster an inclusive economic environment for women and youth entrepreneurs.

Tags: AfCFTACompass GlobalSMEs
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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