The Micro, Small and Medium Enterprises (MSME) sector is crucial to Africa’s growth, currently contributing more than 45% to employment and 33% to GDP (source: ADB).
Why are Entrepreneurial Bootcamps important?
SMME’s in Africa face growth, viability and sustainability challenges. Despite Mozambique’s commitment to growing and supporting their country’s SMMEs, these firms continue to face an extremely hostile business environment, including lack of skilled staff, burdensome regulations, tough local economic conditions, lack of finance and the high costs associated with expansion, marketing or employing staff.
KBA Africa is an African Business Incubation organisation specialising in accelerating the growth and increasing the success rate of startup and early stage Small and Medium Enterprises. It provides a unique blend of services to support SMEs in Africa. Their services range from Business Support resources, Entrepreneur mentorship and Business idea evaluation.
KBA Africa has experience at delivering SMME capacity building Bootcamps. Prior to this upcoming event, they engaged entrepreneurs, youths, banks and governments in Lesotho, South Africa, Zimbabwe and Botswana on related goals.
Now they have partnered with Maputo based HR Diversity & Advisory Services to expand their services to Mozambique. They have an ambitious goal of capacitating at least 100 Mozambican SMME businesses in the next six months. This partnership will seek to provide comprehensive Business Capacity Building Bootcamp from the 20-21 July, 2017, and ongoing mentorship as a tool for SME development and enhancement in Mozambique. This will enable the establishment of new enterprises, allow access to new markets, create new jobs, and the development of innovative ideas and technologies.
Sponsors and partners
One of the key Bootcamp sponsors is Mozambique’s University of Entrepreneurship, Instituto Superior de Gestão e Empreendorismo-Gwaza Muthini, Maputo – Marracuene, who will participate in and provide the venue for this prestigious event. KBA Africa and HR Diversity & Advisory Services are expecting government officials and key industry leaders to participate in this event. Makamba Online are the media partners for the event.
Author: Refiloe Nthama