KIC, Mastercard Foundation build capacity of agri-MSMEs, FBOs

KIC
and
Mastercard
Foun­dation
are
organising
a
series
of
bootcamp
train­ings
as
part
of
its
Business
Booster
Programme.

Agri-MSMEs
and
Farmer
Based
Organisations
(FBOs)
are
receiving
capacity
building
on
enhancing
their
business
to
increase
profitabil­ity
and
investor
readiness
as
well
as
organisational
strengthening
for
selected
Farmer
Based
Organisa­tions
to
effectively
work
with
their
association
members.

Through
a
joint
partnership,
the
two
institutions
are
enhancing
work-readiness
and
employability
skills
among
young
individuals,
steering
them
towards
dignified
and
fulfilling
career
paths
in
entre­preneurship.

Speaking
at
the
training
held
in
Accra
yesterday,
Terence
Tienaah,
Programme
Manager
for
KIC,
re­iterated
KIC’s
commitment
to
sup­porting
Agri-MSMEs
and
FBOs
to
achieve
long-term
business
growth.

“At
KIC,
through
programmes
like
the
Business
Booster,
we
provide
coaching
and
information
to
support
your
business
growth
journey.”

Through
the
support
of
business
and
development
experts,
the
Agri-MSMEs
and
FBOs
receive
coaching
on
their
business
records
management,
operational
efficien­cy,
financial
management,
investor
readiness
checklist
and
business
pitch
decks.

In
addition,
the
participants
were
taken
through
topics
such
as
Business
Strategy
and
Access
to
Market.

For
the
FBOs,
topics
such
as
association
membership
manage­ment,
good
agricultural
practices
and
enhancing
the
efficiencies
of
various
agricultural
value-chains
were
provided
by
the
experts.

The
experiential
nature
of
the
training
enables
the
entrepreneurs
to
identify
areas
of
improvement
on
best
practices
for
business
management.

On
average,
each
KIC
booster
business
has
created
two
additional
job
opportunities
over
a
five-month
period
since
joining
the
programme
and
this
is
expected
to
grow.

In
his
remarks,
Frederick
Odame
Phillips,
Agribusiness
Specialist
for
KIC,
said
“There
are
many
opportunities
within
the
agricul­tural
value
chain,
and
through
the
Business
Booster
Programme,
we
are
looking
forward
to
providing
you
with
the
tools
and
resources
to
build
upon
your
businesses.”

Since
its
inception,
the
KIC
Business
Booster
has
trained
more
than
127
Agri-MSMEs,
out
of
which
72
are
women-led
business­es.

This
year,
more
than
500
agri-MSMEs
and
FBOs
are
taking
part
in
the
Business
Booster
pro­gramme
across
the
country.

BY
KINGSLEY
ASARE