Ver Angola

Industry

Government will train 475 small business managers with ADB support

The Government will train 475 managers and owners of small and medium enterprises in the private sector throughout the country, aiming at "greater business dynamism, competitiveness, increased production and export promotion", was announced this Wednesday.

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The training of managers and business owners at the level of the 18 provinces of the country is part of the Institutional Capacity Building Project for Private Sector Development (PCIDSP) presented this Wednesday in Luanda and financed by the African Development Bank (ADB).

The PCIDSP, which includes three phases, starts this January in a virtual model, will be coordinated by the National Institute for Support to Micro, Small and Medium Enterprises (INAPEM) and operated by the Angolan Investment Bank (BAI).

According to Arnito Agostinho, president of INAPEM's board of directors, the project to train managers and owners of small and medium enterprises "is aligned" with the Program to Support Production, Diversification of Exports and Import Substitution (Prodesi).

"It is important to develop capacities to the managers and owners of companies, especially those that integrate the small and medium enterprises segment, which are the main engine to support the economic growth", he stated in the presentation ceremony of the project.

Production and distribution management, vision of the entrepreneur, necessary skills and challenges, business management and international business and project management are some of the axes of this training cycle.

Osvaldo Rasgado, INAPEM administrator, considered the training program as "quite ambitious", stating that it will strengthen the management skills of entrepreneurs through the improvement of management practices and business development.

"Therefore we intend to create greater dynamism of companies, generate greater competitiveness, encourage increased production, promote more exports of products from these companies, thus achieving the much desired economic growth," he stressed.

The project, which will be implemented in three phases, said the person in charge, plans to train approximately 475 managers and owners of companies throughout the country and each province will be selected 25 managers.

Increasing the production and sales volume of priority productions and ranks, accelerating diversification and enhancing competitive advantages and reducing the expenditure of foreign exchange resources with the basic basket are some of the objectives of Prodesi, approved by the executive in July 2018.