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Rwanda: IFC to Boost Skills of SMEs

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Mon Feb 22 2010

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(From AllAfrica.com) Kigali - Based on a survey done last year to identify major constraints to business development, the International Finance Corporation (IFC) has launched programs aimed at boosting skills of 70,000 Small and Medium scale Enterprises (SME's).

According to the IFC Senior Operations Officer, Ignace Bacyaha, the survey which was prepared by On The Frontier (OTF) clearly identified lack of skills as one of the major setbacks for the growth of these enterprises.

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"We believe that boosting the capacities of SME's will accelerate economic development as it enhances the basis of the country's taxation, hence growth of the gross domestic product," Bucyaha said.

"The report shows that these enterprises mainly lack skills, access to funding, have no knowledge about taxation and are faced by infrastructural and energy problems. Our initiative to boost skills is only a beginning as we intend to tackle every challenge step by step".

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