Juba, South Sudan, February 1, 2013 –
IFC, a member of the World Bank Group, today launched an initiative in
partnership with Equity Bank that will improve the management skills of
hundreds of small business owners in South Sudan, and strengthen the country’s
The initiative, which uses IFC’s Business
Edge™ training program , will offer entrepreneurs business leadership
and financial literacy workshops, as well as training in business management
areas, including finance and accounting, marketing, productivity, human
resource, and operations management.
More than 300 small business owners and managers
from the agribusiness, general trade, and services sectors benefitted from
a three-day business leadership and financial literacy workshop in Juba
that also encouraged dialogue between Equity Bank and its customers to
face down challenges to small business growth.
Paul Gitahi, Managing Director of Equity
Bank, said, “We are proud to partner with institutions like IFC to address
capacity building gaps among small businesses in South Sudan and grow them
into well managed and respectable enterprises that will transform the country’s
Etienne Ndatimana, IFC’s SME Development
Program Manager for South Sudan, said, “IFC is committed to helping South
Sudan achieve economic growth by providing support to the country’s smaller
businesses. IFC’s partnership with Equity Bank is important to this commitment
and we are open to forging partnerships with other like-minded institutions
committed to South Sudan’s economy.”
The First Deputy Governor of the Bank of
South Sudan, H.E. John Dor Majok, presided over the launch of the training
program. He called upon the country’s private sector to increase local
production and to drive economic growth.
IFC is supporting South Sudan’s efforts
to improve its investment climate, diversify its economy and strengthen
its smaller businesses.
South Sudan is also one of eight focus countries
of IFC’s Conflict Affected States in Africa Initiative (CASA), which is
supporting private sector growth in countries rebuilding their economies
after conflict. CASA is supported by donor partners Ireland, the Netherlands,
and Norway. Denmark provides additional support to CASA in South Sudan.
IFC’s SME Development Program for South
Sudan is a partnership with South Sudan’s government and the Netherlands.
It aims to strengthen SMEs, and also supports South Sudan’s Chamber of
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, mobilizing capital in international financial markets, and
providing advisory services to businesses and governments. In FY12, our
investments reached an all-time high of more than $20 billion, leveraging
the power of the private sector to create jobs, spark innovation, and tackle
the world’s most pressing development challenges. 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.