Ouagadougou, Burkina Faso, and Accra, Ghana,
September 14, 2011 – IFC, a member of the World Bank Group, announced
today it has signed agreements with three institutions to expand access
to its Business Edge training program in Burkina Faso and Ghana, helping
entrepreneurs gain the skills they need to succeed and supporting small
business growth in the country.
The two-year agreements will allow thousands of people in Burkina Faso
and Ghana to access world-class management training and run more efficient
businesses. Business Edge is an important part of IFC’s strategy to support
the growth of smaller businesses in Africa. The interactive product has
already helped more than 100,000 entrepreneurs in emerging markets improve
their skills and profitability.
IFC has signed agreements with the following three partners, two in Burkina
Faso and a third in Ghana:
- Maison de l’Entreprise du Burkina Faso (MEBF),
a non-profit association that supports private sector development in Burkina
Faso with more than 750 members.
- PILOTES SARL, which operates the website
Burkinapmepmi.com to provide information, education, training, promotion
and internet visibility to SMEs in Burkina Faso.
- The West Africa Civil Society Institute (WACSI),
which aims to strengthens the institutional and operational capacities
of civil society in West Africa through training, research and policy advocacy.
WASCI is based in Ghana and operates in 15 countries in Africa.
“The expansion of Business Edge solutions will support the growth of smaller
businesses in West Africa. Supporting smaller businesses is a major focus
of IFC’s work and a stronger SME business sector in West Africa will help
create employment and generate growth in the region” said Mary-Jean Moyo,
IFC Country Manager for Burkina Faso and Ghana.
In addition to its capacity building efforts, IFC focuses on improving
the business environment for SMEs and access to finance. By focusing on
the regulatory problems that impact SMEs most (such as licensing, registration
and taxation) IFC and its partners can create entry points for the other
building blocks of the approach. To improve access to finance, IFC collaborates
with local financial intermediaries that enable SMEs to grow their businesses
with affordable and tailored credit and investment.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. We help developing
countries achieve sustainable growth by financing investment, providing
advisory services to businesses and governments, and mobilizing capital
in the international financial markets. In fiscal 2011, amid economic uncertainty
across the globe, we helped our clients create jobs, strengthen environmental
performance, and contribute to their local communities—all while driving
our investments to an all-time high of nearly $19 billion. For more information,
About Business EdgeTM
IFC Sustainable Business Advisory Services is supporting the growth of
small and medium enterprises. Working with partners in Africa, IFC has
helped thousands of entrepreneurs access the finance and skills they need
to realize their potential. Business Edge™ is a face-to-face IFC training
system that helps SMEs more easily access markets by strengthening their
management capacity. The training can be customized for specific countries
and regions in Africa. For more information, including a full list of our
corporate partners and accredited training firms, visit www.businessedge-africa.com.