Maputo, Mozambique, March 18, 2010—
IFC, a member of the World Bank Group, initiated training around its Business
Edge and SME Toolkit initiatives to deepen support for entrepreneurs in
Mozambique. IFC will initiate a process of selecting partners for the new
programs that will offer interactive learning solutions and skills training
to help managers increase their knowledge and run their businesses more
Business Edge and SME Toolkit have helped
thousands of SMEs become better suppliers, distributors and clients in
many other emerging markets.
IFC held a Business Edge and SME Toolkit
training for eight local consulting firms and seven independent consultants
from March 1-16 in Maputo. IFC hosted an event in Maputo following the
training on March 17 to promote Business Edge and SME Toolkit to the Mozambique
business community, including banks, financial institutions, firms, microfinance
institutions and SMEs. IFC seek to develop partnerships with large
corporate firms that work with SMEs to create and enhance linkages that
will improve performance along the value chain.
“Supporting smaller businesses is a
major focus of IFC’s work in Africa, where a stronger small business sector
will help create employment and support growth in economies like Mozambique,”
said Babatunde Onitiri, IFC Country Manager for Mozambique “Local partnerships
with qualified firms and institutions will be the key to the success of
our new initiatives. IFC is selecting trainers to deliver Business Edge
training and SME Toolkit in Portuguese.”
Business Edge solutions includes class
sessions featuring high-quality training material from the global market
to offer small business owners and managers practical means to improve
their efficiency and profitability. The SME Toolkit is an online solution
that promotes business growth using modern information technology. The
product offers business management information and training for small businesses
on accounting and finance, business planning, human resources, marketing
and sales, operations, and information technology.
IFC is the only international financial
institution focused exclusively on the private sector, the engine of sustainable
development in emerging markets. It is currently seeking a capital increase
to strengthen its ability to create opportunity for the poor in developing
countries -- including supporting the growth of smaller businesses.
IFC, a member of the World Bank Group,
creates opportunity for people to escape poverty and improve their lives.
We foster sustainable economic growth in developing countries by supporting
private sector development, mobilizing private capital, and providing advisory
and risk mitigation services to businesses and governments. Our new investments
totaled $14.5 billion in fiscal 2009, helping channel capital into developing
countries during the financial crisis. For more information, visit www.ifc.org.