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IFC begins training of entrepreneurs in African countries

A member of the World Bank Group, International Finance Corporation (IFC), has introduced the Enterprise Governance Training Modules for Small and Medium Enterprises(SME’s) in Nigeria and across 22 other African countries.

The private Punch newspaper reported on Tuesday that the training would help entrepreneurs to gain the skills needed to succeed in building sustainable businesses for wealth and job creation.

“IFC places high priority on encouraging entrepreneurs to achieve higher performance in a sustainable manner, by helping to expose Nigerian smaller businesses to best practices.

“Enterprise Governance Training can help Nigerian companies to improve their access to finance that leads to expansion and job creation,” the newspaper quoted IFC Country Manager for Nigeria Solomon Adegbie-Quaynor as saying.

The Governance Modules cover topics like managing relations, implementing enterprise governance, managing risk and planning for business continuity.

IFC said the modules had recently been piloted successfully in Nigeria, with an indigenous financial institution, Diamond Bank Plc, stressing that they would be delivered to SMEs through IFC’s Business Edge partners.

IFC’s investments in 2012 financial year reached an all-time high of more than US$20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges.

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