IIA NEWS IN Ghana

Sustainability is now an imperative, but what does it actually mean and how will it impact business and policy in Africa post COVID?

Three seismic shifts have occurred over the last year bringing the ‘social contract’ between society, governments and businesses into light: the climate emergency, Covid-19, and Black Lives Matter. These three elements have come together to push sustainability to the top of the agenda for governments, individuals, and businesses alike.

Simultaneously, investors in Africa are increasingly looking for businesses with long-term strategies that have a direct, positive impact on communities and the environment. In short, the discussion around sustainability has dramatically broadened in recent months so that it is now an entry level requirement when it comes to doing business.

Leading the ESG conversation

Sustainability and ESG go hand-in-hand, and many of Africa’s investment community are laser-focused on it. Alongside the ‘E’ of environment, are the social and governance practices of African companies. These three pillars cannot be considered separately. When measured and reported, ESG builds a picture of a company’s ethics, values, leadership and behaviours for the benefit of its trading partners and other stakeholders. The investor community looks at ESG as part of its due diligence and through the historical demands of development finance, African companies have traditionally led, not lagged in this regard.

Throughout the Covid-19 crisis, much has been made of ESG as an indicator that ethical business is more desirable and ultimately more competitive. The pandemic has highlighted all aspects of ESG as critical, for example, businesses with more localised supply chains, lower carbon footprints and high levels of social responsibility and governance (including diversity, leadership, succession and strong business continuity plans), are much more likely to survive the pandemic and emerge resilient.

Sustainability leapfrogging

Africa has earned a reputation as the leapfrog continent when it comes to tech innovation. Could the same level of leapfrogging be possible when it comes to sustainability?

There are certainly those who think so. Reading a case study on ‘green’ cement research, I was struck by the words of Dr. Wolfram Schmidt of BAM international the leader of an initiative to investigate innovative concrete and new construction methods in Africa.

He notes “In Europe, there are numerous standards and regulations. These have many advantages, but also prevent innovations coming quickly to the market. Things are different in Africa, as the concrete industry is still relatively young. There I can sense a great enthusiasm for innovation: businesses try to bring new insights straight to construction areas. Their creativity is unbelievable. ……….. our colleagues in Africa could in future be using better and longer-lasting concretes than we are in Europe.”

Is this a clue to what Build Back Better will look like for Africa? By the end of the century, Africa will host 13 of the world’s top 20 megacities, including the top three. The role of construction in this future cannot be overplayed.

Africa’s NetZero Commitments

The climate emergency has magnified importance around the ‘E’ in ESG, both amongst the public and private sectors. Twelve African cities pledged to limit warming to 1.5 degrees at COP25, including Nairobi, Accra and Dakar. At the country level, representation was thinner, with only Ethiopia as part of the ‘Under 2’ Coalition.

Quietly momentum is building to realise the continent’s NetZero ambitions. While there remain too many African economies reliant on high carbon extractives, they are increasingly absorbing renewables into their energy mix. Encouraging signs of policy implementation has whet the appetite of financiers and encouraged a shift in funding priorities to renewable energy.

However, the investor community can only move the dial so far. For environmental progress to occur at the speed needed, more work is to be done on government policy changes and incentives. In short, until it becomes cheaper to use renewables than higher carbon emitting sources of energy, we will not see the ‘leapfrog’ progress needed. The first step is a coordinated approach between government policy, investor incentives, local needs and capabilities.

Equality at the heart of social and governance

While the Black Lives Matter movement has highlighted systemic inequalities, it has also laid bare the distinct lack of black captains of industry. That rings true across the continent, where it’s difficult to point to a totem of African entrepreneurship beyond Aliko Dangote. The majority of large corporates are multi-national corporations (MNCs) or divisions of MNCs, meaning that profits are repatriated and more importantly, there is a lack of examples of genuine African success stories to inspire the next generation (by comparison, think of South Korea’s home grown MNCs, Kia, Samsung and LG).

Large, homegrown businesses create opportunities that cascade wealth, driving growth and development across generations. While these remain scarce, the racial wealth gap persists, failing to drive out external influence of foreign-owned entities and limiting capital directed to homegrown entrepreneurs, constraining their ability to scale up. This gap will continue to widen unless decisive action around access to growth finance and the cost of capital is taken.

To witness lasting progress across the continent, the young, well-qualified and aspirational workforce must be central to any development agenda. Home to the world’s youngest population, the future business landscape needs to be cast in their mould. One which suggests that younger people are more likely to work for businesses that put purpose before profit and have sustainability at the centre, rather than the periphery of its business model. Good leaders will recognise this opportunity and design their businesses accordingly, in turn demonstrating why leadership is so central to governance.

With Covid-19 turbocharging these trends and fundamental shifts in the ‘social contract’, Africa has the opportunity to leapfrog towards more sustainable business models attracting its share of the growing amount of impact investment capital available for businesses that are run with sustainability at their heart. What’s more, the sustainable development goals (SGDs) create a workable framework for the business community to sign up to and for government to prioritise in national development plans.  

In order for Africa to truly Build Back Better, we need a dramatically more coordinated approach across international investors, local businesses, DFIs, and policy makers that recognises the interrelated nature of ESG, sustainability actions and outcomes. I believe our role at Invest in Africa is vital in helping African businesses leapfrog progress towards the sustainable development goals. Collectively we have an important role to play in highlighting and coordinating the necessary changes, whilst also adding a sense of urgency, particularly to government policy and existing businesses operations.

No one organisation should be expected to achieve this alone, so I encourage others who feel they have something to contribute to share your solutions with us.

I look forward to hearing from you!

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Accra, 17 November 2020 - Invest In Africa (IIA), an enterprise that accelerates the growth of small and medium-sized enterprises (SMEs) in Africa, has been awarded Best Non-Profit Organisation by the Chartered Institute of Marketing Ghana (CIMG), for the second year running. Now in its 31st installment, the CIMG Annual Marketing Performance Awards set the benchmark for high marketing standards in corporate Ghana.

 

The award recognises IIA’s efforts – which focus on improving access to skills, finance and markets to improve business sustainability, competitiveness and efficiency – over the course of 2019. Most notably, this involved growing the access to finance pillar, of which Absa Ghana and the GCB Bank were major contributors; with IIA facilitating a total of USD2.1 million in debt financing to SMEs since 2017.

 

Another defining feature of IIA’s 2019 efforts involved help provided to build resilience of hundreds of SMEs, including 100 SMEs within AngloGold Ashanti’s Obuasi Mine’s business enclave. By leveraging its extensive network, IIA develops business linkages between SMEs and larger companies, like local and multinational corporations, enhancing opportunities, improving access to finance and creating greater revenue certainty by providing security of fixed contracts.

 

In supporting these businesses, IIA ensures a level of compatibility between suppliers and operational standards expected by multinational companies. These Ghanaian SMEs continue to leverage these insights and knowledge to expand their client base, reducing reliance on a single corporation, and its cyclical nature.

 

IIA’s work in fostering business resilience has been crucial to SMEs damaged by the effects of the Covid-19 pandemic. As part of a two-year partnership with the Mastercard Foundation launched in July 2020, IIA is currently delivering online coaching, masterclasses and peer-to-peer sessions, while offering a repository of practical guides, which has so far helped 1,250 businesses navigate this difficult period by building immediate and long-term resilience.

 

The programme with Mastercard Foundation will also provide Ghanaian SMEs with one-on-one consultancy support and better business linkages for 100 Ghanaian SMEs operating in the manufacturing, agriculture, extractives and ICT sectors, to bridge supply shortfalls. These SMEs will also be supported in establishing relationships with lenders and investors.

 

IIA won the same award in 2018, for widening commercial opportunities for multiple SMEs – enhanced by the African Development Bank (AfDB) funded training and in-company mentoring Business Linkage Programme (BLP).

 

Clarence Nartey, Invest In Africa’s Country Director for Ghana, commented on the award win, “To have our efforts acknowledged for a second consecutive year is testament to the commitment of our team to transform SMEs into sustainable ventures. SMEs are often reliant on a single industry and as business disruptions have displayed this year, that can be disastrous. This is why we continue to develop their business independence and it is humbling to be recognised for this work.”

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Project Development of Sangomar Field workshop was co-organised with Woodside and SIA on march, 5, 2020 at Onomo Hotel with 170 local SMEs in attendance.

 

The objective of the workshop was to share with the participants the followings:

  • The project development of Sangomar field with its different phases
  • Woodside’s upcoming tenders
  • SIA Timeline of local content opportunities they seek to source locally depending on existing capabilities.
  • SIA tendering process requirements and supplier qualification
  • SIA Legal and compliance aspect of the scope of their work
  • IIA’s three flagship programmes ( Access to Market, training & Finance)

 

The workshop shed the light on the values that IIA can bring to the IOC’s and its tier1s and local companies from Senemeca’s testimonial which illustrated the work behind the scene IIA is currently doing to support local SMEs and the importance our supplier development programmes to reinforce local capabilities to meet the international standards through our training & certification partners whom we have signed up with and have agreed to apply a discounted rate for all our SMEs registered onto the platform and to prepare local companies to be competitive.

 

That being said, Woodside mentioned that a series of similar project briefing with its tier1s will take place and to expect another one in April with Halliburton and Baker Hughes ( dates TBC).

Pierre Emmanuel Boulanger from SIA urged the local companies (attendees) to have a chat with its Procurement Manager, Fabrication Manager and Engineering Manager to have a better grasp of their requirements and needs for their upcoming opportunities.

 

By and large, the event was a true success with a great number of attendance, precisely 170 companies attended and have left the conference with valuable information and have congratulated IIA for pulling this together and as a result of that my phone is ringing off the hook for meeting requests next week.

 

To conclude, we would like to thank our dear Founding Members for such visibility they are giving to IIA, the trust and seamless support bestowed on us and relentless commitment to making IIA a one stop shop for the Oil and Gas industry.

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Job title: Invest in Africa -IIA- (UK)- Account Executive  
 
The ideal candidate will be passionate about breaking into the African business and / or international
development space.

This entry level role is for someone who is looking to build their knowledge and understanding of
working in African investment and /or development sector. Although defined by primarily important but
routine, supporting tasks the role also has great scope for someone with initiative, proactivity and a
desire to over deliver to develop it into a larger role. For example, with direct project accountability and
oversight of the marketing function.

Job purpose  
To provide important operational support to the team of project managers and senior management in
the London office of Invest in Africa. This includes being on top of all the detail of day to day reporting
and back office functions as well as coordinating with colleagues in regional (Africa) offices to ensure
efficient ways of working across all programmes and systems. The role will also require oversight for the
day to day relationship with IIAs marketing agency, including the production of presentations, case
studies and some social media / website activity.
 
 
 Duties and responsibilities  
  

1. Liaise with IIAs African offices/colleagues to ensure coordinated approach across IIAs key programmes
2. Produce regular reports, case studies, impact summaries for use in IIAs presentations and marketing
3. Liaise with all IIAs third party providers and suppliers to ensure all contracts competitive and up to date
4. Manage all ‘back office’ functions (Salesforce, Project Place, travel, insurance, some aspects of finance)
5. Manage relationships with marketing agency to see work is produced on brief, on time and on budget
6. Support the UK team with materials and research
7. Run and manage all IIA UK related events (approx. 3 p.a) 
8. Including the planning yearly calendar of events, guest lists, venue, media etc. 
9. Oversee content management, master contacts database and in time upkeep of the official IIA website 
10. Create and edit some marketing materials including brochures and videos
11. Create and send out the company's quarterly newsletter 
12. Manage IIA’s social media accounts through frequent posts, online promotion  

Qualifications / Experience
•    Degree level graduate, or equivalent 
•    3+ years of business experience preferable 
•    Strong written and verbal communication skills 
•    Strong organisational skills 
•    Able to work to tight deadlines on more than one task at a time (ie multitask under pressure) 
• Must have a natural tendency to take the initiative on work with a proactive mindset 

All applicants must have eligibility to work in the UK and be available to work in London as of April / May
2020.

Please send CV and short covering letter to michael.amaning@investinafrica.com 

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June 11, 2019, Accra: Invest in Africa (IIA), a not for profit organisation committed to creating prospering African economies, has been contracted by AngloGold Ashanti (Ghana) Limited (AGAG), to enhance capacities of 100 Small and Medium sized Enterprises (SMEs) in Obuasi particularly, and Ghana generally. 

Under this programme IIA would provide free business advisory support to selected businesses. The Initiative is fully funded by AGAG under its Enterprise Development and Capacity Building Programme (EDCBP). AGAG’s Obuasi Mine was re-opened early this year after a four-year period of being under care and maintenance. The re-opening of the mine has been welcomed by members of the Obuasi community with excitement due to the prospects that it holds for the local economy. It is estimated that over 2000 new jobs will be created and a boost in business activities within the town is also expected to improve the livelihoods of community members.

The EDCBP forms part of AGA`s comprehensive local content strategy that ensures that to the extent possible, suppliers and other production inputs are sourced locally.  Under the programme, IIA is expected to deploy strategies aimed at building sustainable Ghanaian owned companies, which can contribute meaningfully to job creation, socio-economic growth, and in the long term, capable of being competitive in the broader market.  IIA is therefore required to equip these Ghanaian SME businesses with entrepreneurial, technical and managerial skills, improve their capacity to be competitive locally, build a solid foundation for them to compete at a higher level, prepare them to be investment ready, facilitate access to finance and business linkages for the SMEs that enables them to become  financially independent.

The Managing Director of AGAG, Mr. Eric Asubonteng, said impacting communities where AGA operates positively is in line with the company’s values.

Commenting on the contract, Mr. Clarence Nartey, Country Director of IIA expressed delight about the opportunity to work with AngloGold Ashanti’s Obuasi mine to boost the local economy of the town. “This is a real community level programme and we are excited about the impact it will have on not just the beneficiary companies but the indirect employment opportunities that would be created for the residents as well.”

He noted that it is an opportunity to develop SMEs to fit into AGAG’s supply chain and for the SME’s to be more competitive. “We intend to open up our African Partner Pool (APP) platform to the beneficiaries and help facilitate additional business for them. Those with the required capacity to do business with the about 12 multinational organisations on the APP will be given that opportunity”, Mr. Nartey stated.

The contract, which starts from August this year, will be for an initial one year but with potential for an extension. Shortlisting of beneficiary SMEs, who will be drawn from AGA’s supplier list, is currently under way.  END.

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Accra–Ghana, 31st January 2020: Invest in Africa (IIA) is positioning Small and Medium Scale Enterprises (SMEs) under its programmes, to enable them to explore opportunities that come with the African Continental Free Trade Area (AfCFTA) agreement. 

The AfCFTA becomes operational on 1st June 2020 and is expected to create the world’s largest free trade Zone with over 1billion consumers, a potential $3 trillion economy and zero tariffs on goods traded across countries.

The Country Director of IIA, Mr Clarence Nartey remarked that IIA is investing to adequately prepare its SMEs to harness the market opportunities this agreement will provide. To start with he indicated that there is still work to be done to educate /sensitise the private sector on both the opportunities and threats that this agreement comes with and work to develop a competitive AfCFTA strategy.  From an IIA perspective, the good news is that some of its suppliers are already engaged in Pan-African trade – equivalent to c.15% of IIA’s active supplier pool. However, this is not enough and the organisation is committed to increasing this to 40% in a few years.

This will be done through rolling out its AfDB- sponsored flagship Business Linkage Programme  – which focuses on integrating SMEs into supply chains of MNC’s & Large Local organisations by improving their competitiveness and building their long-term capacity,- across 11 countries. Leveraging ICT in the form of IIA’s Digital infrastructure – an online marketplace that connects  50 Buyers and 5500 suppliers across Africa- to accelerate cross-border and regional value chain integration and rapidly scaling-up SMEs through its “Home Grown Buyer project” all of which should position IIA’s SMEs to be regionally competitive.

Mr Nartey stated this at the 3rd IIA SME Excellence Awards held in Accra today. The Awards Scheme honours indigenous businesses who have demonstrated entrepreneurial excellence and developed the capacity to participate in supply chains of large local and international companies. This year's awards ceremony was under the theme; “Preparing Local Businesses for Regional Market Opportunities #AfCFTA ready”.

Nine (9) SMEs were awarded for excelling in their respective categories. They are; Young Entrepreneur of the year- BTL Africa Marketing Limited, Sustainable Business of the Year- Jekora Ventures, Business Transformation- Aidec Holdings Limited, Business Linkage- Lightingale Limited, Business Technology Growth- Consolidated Shipping Agencies Limited, Business Innovation of the Year- Agriaccess Ghana Limited,  Mentorship Recognition- Agriaccess Ghana Limited and Scale-Up Business of the Year - Western Premium Company Limited. The IIA Star Award for Excellence was awarded to Joissam Ghana Limited.

The Executive Chairman of AB & David Africa Mr David Ofosu Dorte, who delivered the Keynote address, underscored the need for SMEs to enhance their competitiveness by upgrading the standards of their products and expanding production capacity in order to maximize the benefits from AFCFTA.

The Country Manager of African Development Bank Group (AfDB) Mr Sebastian Okeke, was the Guest Speaker. He expressed the AfDB’s commitment to continue its partnership with IIA through the Fund for Africa Private Sector Assistance (FAPA), to support the growth of Ghanaian SMEs and promote local content.

Mr Okeke said through this partnership, some SMEs in the agricultural, oil and gas, financial services and telecommunication sectors among others, have been supported with access to skills, market and finance. “The business skills of more than 300 SMEs have been enhanced and over $2 million worth of credit has been secured for them through IIA’s partner banks”, he noted.

The event was attended by other IIA’s partners- Tullow Ghana, Modec Production Services, Ghana JV, EY, AB & David, GCB, Barclays Ghana, MTN Business, Ecobank Ghana, GGBL, Association of Ghana Industries (AGI), Ghana Investment Promotion Centre (GIPC)and Multi-Media Limited.

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Invest in Africa has named Mrs. Georgette Barnes Sakyi-Addo, Founder and Executive Director of Georgette Barnes Limited, as the Woman Entreprenuer of the Year at its SME Excellence Awards.

The awards ceremony held late last month recognized the role played by Mrs. Sakyi-Addo in establishing an astute owned Mine Support Service business, which provides key exploration and drilling supplies to mining clients in West Africa and represents six (6) internationally known sector brands.

The Executive Director of Georgette Barnes Limited described the recognition as an “exciting experience.”

“We have been working since 2009 and we are a bit secluded from mainstream general business, and so I was also very surprised that our business was chosen being a female owned business working in the male mining dominated sector,” she said.

A citation in honour of Mrs. Sakyi-Addo said she has been able to rise from the position of Administrative Assistant to various director-level positions in her illustrious career before establishing her own firm.

While she remains grateful to Invest in Africa for the Award, she opined that this award would not necessary give her company any special boost regarding its clients.

“What matters is that you deliver what you are supposed to deliver in the manner it was approved to deliver. Having said that, it is a great for building our corporate brand and also a validation of what our clients have always believed and seen in a company as small as ours,” she stated.

On her advice to young people seeking a career in the extractives sector, she argued that there are a lot of opportunities for young people in the sector and they need to explore the subject area and disciplines that would give them the competitive advantage to work in the sector.

“Along the mining value chain, we have all the regular jobs that are available in general industry and then we have specialised roles as well. I would encourage them to explore all these opportunities.

A lot of the large scale mines are looking for top notch requisite skills and talent and I believe Ghana has them but young people have to be prepared to learn, acquire skills, be prepared to be inconvenienced, be patient and grow over time,” she added

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Accra–Ghana, 28 January, 2019: Invest in Africa (IIA) has honoured nine (9) SMEs at the 2nd edition of its SME Excellence Awards held in Accra.

The SME Excellence Awards is a platform that showcases and celebrates the achievements of successful businesses and individuals of entrepreneurial excellence who have experienced IIA’s three benefit platforms; ‘access to skills’, ‘access to markets’, and ‘access to finance’.

The Nine (9) SMEs were recognised for performing excellently in various aspects of their respective businesses. They are; WOMAN ENTREPRENEUR OF THE YEAR AWARD - Georgette Barnes Limited, YOUNG ENTREPRENEUR OF THE YEAR AWARD - Agriaccess Ghana Limited, BUSINESS TRANSFORMATION AWARD - Ricks Logistics Limited, BUSINESS LINKAGE AWARD - Right Consult and General Supplies Limited, BUSINESS TECHNOLOGY GROWTH AWARD - Consolidated Shipping Agencies Limited, BUSINESS INNOVATION OF THE YEAR AWARD - Liranz Limited, MENTORSHIP RECOGNITION AWARD - Ricks Logistics Limited, SCALE-UP BUSINESS OF THE YEAR AWARD - Right Consult and General Supplies Limited.

The ultimate award, IIA STAR AWARD FOR EXCELLENCE went to AIDEC Holdings Limited, a downstream fuel retailing and petroleum haulage company.

The Accounts and Finance Manager of AIDEC Holdings Limited Mr. Hector Awaana who received the award, expressed his gratitude to IIA and its partners, on behalf of the award winners, for the support being offered to SMEs in the Country. “The training in entrepreneurship we received from IIA has enhanced our operations and we are grateful”, he added.

The event was organized under the theme “Supporting SMEs – Key to Accelerating Inclusive Growth and Prosperity.

The Country Director of IIA, Mr. Clarence Nartey underscored the need for SMEs to be supported to grow. He said SMEs employ between 60-90% of Africa’s population thus supporting them will enable SMEs contribute more to prospering African Economies. “IIA has in the past four years provided $150million worth of contracts to Ghanaian SMEs registered on the African Partner Pool (APP), $1.2 million worth of credit support to SMEs, trained 230 SME’s and supported 32,000 jobs” He noted.

He disclosed that going forward, IIA has prioritised 6 strategic sectors for support as part of its long -term broad-based growth strategy. These are; Financial Services, Agriculture, Construction, Extractives (Oil & Gas & Mining) and ICT. “IIA is investing millions of dollars to build the long -term capacity of local suppliers across these sectors in order to drive sustained growth and job creation” Mr. Nartey stated.” He reiterated IIA’s vision 2022 agenda to provide $500million worth of contracts to SMEs and 100,000 jobs for Ghanaians.

He commended the government for recognising the important role of SMEs and taking appropriate steps to create the enabling environment for their growth. “It is great to see that our Government through its 10-point Industrial Transformation Agenda has rightly identified SME development and Industrial subcontracting exchange as two key growth pillars”, he said. Mr. Nartey further commended the Ministry of Trade & Industry for formulating the Draft National MSME Policy, which is a necessary first step towards creating a true entrepreneurial ecosystem in Ghana.

The Special Guest Speaker, Mr. Kweku Awotwi in his speech emphasized the critical role of SMEs in national development. He said in this regard, Tullow Ghana Limited has committed itself to using the services of local suppliers. “Local content has significant input and influence in our procurement processes. We currently have 75% of contracts in our procurement plan earmarked for indigenous companies and joint ventures between indigenous companies and foreign companies who can transfer knowledge, skills, experience and technology to the indigenous partners” he stated.

He further noted that; “since 2010, Tullow Ghana Limited has invested $15billion on rigs, well development among others and $9.5billion out of the amount was awarded to companies that have joint venture partners in the country.

Dr. Sebastian Okeke, Country Programme Manager for the African Development Bank (AfDB) reiterated the commitment of his organization to continue to support SMEs through its Fund for Africa Private Sector Assistance (FAPA) programme. “AfDB has created various instruments to ensure that Africa’s private sector is well equipped to rise above its current challenges” he stated.

The event was attended by other IIA’s partners - EY, AB & David Africa, MODEC Production Services Ghana JV, Ecobank Ghana, GCB, Barclays Ghana, MTN Business, the Association of Ghana Industries (AGI) and Ghana Investment Promotion Centre (GIPC).

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Invest In Africa (IIA) Ghana says as part of its vision for the next four years, it is awarding $500 million worth of contracts to medium-sized enterprises and creating 100,000 jobs.This was revealed during the celebration of four years of impact from 2014-2018 dubbed 'Celebrating milestones, Repositioning for the future'.

Looking back at the first four years of operation, Country Manager of Invest in Africa, Clarence Nartey said the organization had awarded contracts worth ¢150 million to local businesses, facilitated 1 million dollars’ worth of credit and trained over 200 SMEs.

“Frankly, these achievements are impressive. We now have a firm foundation and a good business model in place to build on into the future. But we could never have achieved this without the support of our 10 partners and donors, 12 Buyers, 1500 SME’s and the phenomenal IIA team in Ghana”, he said.

The IIA is also poised to becoming a self-sustaining organisation. This means it would not rely on donor-funding as is the case now.

“Achieving these goals will require a re-thinking of some of our operating principles, sharper prioritisation and faster mobilisation of internally generated funds”, Mr Nartey noted.The IIA, Mr Nartey noted will focus on three things, i.e. future recruitments would target Medium-Sized enterprises with an annual turnover of $250k and beyond.

It would also prioritize key sectors of the economy - Finance, Agriculture, Construction and Extractives and ICT (FACE-ICT).

The third area would be to boost communication, highlighting the three benefits of Invest in Africa including access to markets, skills and finance.

The anniversary commemoration saw the launch of a new app, APP 2.0 which easily connects buyers and suppliers on its African Partner Pool (APP).

“This new software provides a real-time connection between SMEs and the buyers, provides data and analytics and opportunity to do procurement directly”, Ghana Manager of APP Ibrahima Aminu explained.

IIA awarded its leading partners for their support in their 4-year journey of impact. The Multimedia Group was awarded the leading online, TV and radio media partner.
IIA Ghana is a non-profitable organization which seeks to provide solutions to Small and Medium-size Enterprises (SMEs) such as access to market, funding and skills to expand to a wider market.

Since its inception, it has partnered with leading private companies like Tullow Oil, Ghana Commercial Bank, Multimedia Group and others to help execute its initiative.

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Yasmin and her company received training through IIA’s Business linkage programme (BLP). The BLP is IIA’s $4m training and mentorship programme designed to assist small and medium enterprises to fast track their businesses from locally good to globally competitive. Yasmin’s company (Africa Bagg Recruitment) went on to win the Woman Entrepreneur Award at the Invest in Africa awards 2016.

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Lydia Tioko (Loteiteleit Company Limited, Kenya)

 

Lydia and her SME also accessed finance through Invest in Africa’s Invest in Africa’s Credit Guarantee Scheme (CGS).

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Below are other Woman led SMEs we’d like to recognise that we work with to provide new markets, skills and finance to.

Betty Gichuki (Create A Tee Limited)

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Rael Mzee Ochodo (Chairperson, Akiberan Aberu Suppliers Limited- Turkana County)

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Hadija Jama (Founder and Director, Darubini Screening International Co Ltd Nairobi)

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Victoria Joseph (CEO, Design One)

 

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For ‘Women in Business’ day this September, we are highlighting all the hardworking business women within Invest in Africa’s (IIA) network, partners and local economies (Ghana, Kenya and Senegal).

We’d like to recognise Akiberan Aberu Suppliers and Contractors Ltd, a wholly women-owned and run business based in Turkana, Kenya. Akiberan Aberu Suppliers were actually the first SME to secure a loan through IIA’s Africa’s Credit Guarantee Scheme (CGS).

Yasmin Boamah (African Bagg Recruitment, Ghana)

Yasmin and her company received training through IIA’s Business linkage programme (BLP). The BLP is IIA’s $4m training and mentorship programme designed to assist small and medium enterprises to fast track their businesses from locally good to globally competitive. Yasmin’s company (Africa Bagg Recruitment) went on to win the Woman Entrepreneur Award at the Invest in Africa awards 2016.

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Lydia Tioko (Loteiteleit Company Limited, Kenya)

 

Lydia and her SME also accessed finance through Invest in Africa’s Invest in Africa’s Credit Guarantee Scheme (CGS).

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Below are other Woman led SMEs we’d like to recognise that we work with to provide new markets, skills and finance to.

Betty Gichuki (Create A Tee Limited)

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Rael Mzee Ochodo (Chairperson, Akiberan Aberu Suppliers Limited- Turkana County)

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Hadija Jama (Founder and Director, Darubini Screening International Co Ltd Nairobi)

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Victoria Joseph (CEO, Design One)

 

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