A value chain is the process by which many smaller businesses and a larger firm work together to transform raw materials into a finished product and bring it to market. Value chains are especially important for SME development in fragile and conflict affected situations (FCS), where they provide opportunities for local, small businesses to grow, learn, and tap larger markets. IFC’s FCS Africa team and Dutch NGO SPARK held a value chain experts meeting in Nairobi, Kenya in September, 2015. Watch several speakers at the event discuss the importance of value chains – and the rewards of establishing them.

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