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 efficiently.
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