BCR holds SME financial workshop in partnership with GIZ

Dec 09, 2011

Small and medium-sized enterprises (SMEs) in Rwanda are to get the chance to improve their financial skills at a three-day workshop being organised by the Commercial Bank of Rwanda (BCR).

Small and medium-sized enterprises (SMEs) in Rwanda are to get the chance to improve their financial skills at a three-day workshop being organised by the Commercial Bank of Rwanda (BCR).

Arranged in partnership with the German Development Cooperation (GIZ), the training session is the third of a four-part initiative that is taking place over a 12-month period, the Rwanda Focus reports.

Around 50 participants will attend and Head of Leasing and Business Banking at the BCR Alfred Baguma said the aim is to give owners of small firms "relevant skills to successfully run their businesses".

He noted SMEs are "the backbone" of Rwanda's economic development and as a result, will need to contribute by generating job opportunities and paying taxes.

Mr Baguma added many enterprises have been experiencing slow growth due to poor financial management.

Availability of funds for SMEs in Rwanda is improving thanks to the Business Development Fund, which recently revealed it is looking to extend guaranteed funds to such firms, according to the New Times.ADNFCR-2976-ID-801235021-ADNFCR