Ivory Coast: Financial training programme launched for SMEs

Oct 04, 2011

A support programme initiated by the European Union for small and medium-sized enterprises (SMEs) in the Ivory Coast will be launched on October 10th in Abidjan.

In total, around 800 businesses will benefit from this project, the objective of which is to dispense training to SMEs on how to raise funds, Xinhua news agency reports.

According to President of the National Union of Authorised Management Centres (Collectif National des Centres de Gestion Agréés, or CNCGA) Béatrice Amoakon, the introduction of this programme will help firms strengthen their capacities and get a better understanding of the financial offering.

The CNCGA looks after authorised management centres, which are private structures in charge of supporting SMEs.

This project follows the launch of a similar initiative in July 2010 by the World Bank called the Small and Medium Enterprise Revitalization and Governance Project.

With €11.4 million of funding provided by the organisation, it extends over a period of three years.

Its objective is to revitalise at least 1,000 SMEs and create or maintain at least 10,000 jobs, helping to improve the performance of this sector in the Ivory Coast and the investment climate that affects it.

The project includes direct support for companies, providing technical advice and training to help them improve productivity and competitiveness as well as contributing to the reduction of the financial constraints faced by SMEs.

It will also support the introduction of reforms that could be easy to implement and have a quick impact on the business environment, helping to define modalities to implement the public private partnership.ADNFCR-2976-ID-800748156-ADNFCR