Shortly before the signing ceremony, the bank’s senior managers upgraded the entrepreneurial know-how of local business women, in preparation for the financial and other support through the partnership. Sandra Fisher, German business mogul, highlighted the ABIB’s role of helping the enterprises find partners with certification, as a way of helping them export their products under a label. She pointed out that products may be good but their conditions ought to be better, and it ought to be beautifully designed to afford a quick turnover.
The accord also gives business people the opportunity to get connected to German donors through a global website, through which every enterprise pays in an obligatory FCFA 10,000 to CBWN annually for maintenance. Led by Chief Executive Officer of ABIB, Kennedy Tumenta, the one-day seminar informed the participants on how best to resolve four categories of risk that affect the sustainability of enterprises, if they must make optimum use of funds at their disposal. The risks include incompetence, absence of financing, lack of information and bad management.
The bank works to reduce risks, improve upon investors’ trust, help female managers obtain entry visas with the assistance of government, also seeks collaboration with associations and civil society organisations with the aim of preparing them for future funding. “Funding through ABIB depends on the organisation and its risk management strategies,” he said, adding that, “ABIB is a credible information bank, organising meetings and exchanges between business people and investors.”
