Germany Seeks SME Involvement in Development Efforts

    Germany is looking at engaging domestic small and medium-sized enterprises in its development cooperation activities.

    The Federal Ministry for Economic Cooperation and Development, or BMZ, has unveiled a support program to help German SMEs bring their operations to developing countries. The program offers a win-win opportunity for both aid-recipient nations and German firms, as partner countries will gain know-how while German SMEs will be able to expand their operations globally, according to a Feb. 8 press release by BMZ.

    BMZ will hold information events in several German chambers of industry and commerce to increase awareness on how the ministry can help German firms enter the markets of emerging and developing countries.

    The first of such an event will take place at the Potsdam Chamber of Industry and Commerce. Information events are scheduled at 30 other locations around Germany.

    Read more development aid news.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.