Douala, Cameroon, May 19, 2011—IFC,
a member of the World Bank Group, today signed an agreement with ADVANS
Cameroon to help the microfinance institution train its branch managers,
loan officers and other employees in a number of business areas so they
can more effectively serve and support smaller businesses in the country.
Under the agreement, ADVANS, which offers
credit to micro, small and medium enterprises, will introduce IFC’s Business
Edge program to train its employees. Business Edge offers skills training
to help staff of larger companies and managers of smaller businesses increase
their knowledge and run more efficient businesses.
Frank Snieders, ADVANS Cameroon General
Manager, said, “We are grateful to IFC for its continued support to private
sector development in Cameroon. The growth of our business and the increasing
role that our institution is playing in the microfinance market in Cameroon
today would not have been possible without our great partnership with IFC.
ADVANS Cameroon will continue this important partnership”.
IFC Private Enterprise Partnership for
Africa General Manager, Jan Schwier, said, “This partnership will help
ADVANS Cameroon better serve Cameroon’s important small business sector
and demonstrates IFC’s commitment to supporting private sector growth
in the country”
IFC has partnered with six consulting
firms in Cameroon, which have delivered Business Edge training to hundreds
of businessmen and women. in five topics (Human Resources, Marketing, Finance,
Operations and Personal Productivity Skills),
IFC’s Business Edge partners in Cameroon
are Africa Audit Council (AAC), Business Management Solutions (BMS), Diversity
Management and Consulting (DMC), PANESS Conseil, FIDA Conseil ,Cible.
IFC and ADVANS Cameroon previously
signed an agreement to develop a training project and customized courses
for 160 of the microfinance institution’s small and medium business clients.
IFC’s strategy in Cameroon includes
increasing support to the small and medium enterprise sector; helping improve
the business climate; and supporting direct investments in key sectors
such as energy and infrastructure.
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in developing countries. We create opportunity for people to escape poverty
and improve their lives. We do so by providing financing to help businesses
employ more people and supply essential services, by mobilizing capital
from others, and by delivering advisory services to ensure sustainable
development. In a time of global economic uncertainty, our new investments
climbed to a record $18 billion in fiscal 2010. For more information, visit