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
