Turkish financial group Candy Group International is giving the Ivorian government XOF40 billion (about $68 million) to implement an Entrepreneurship Promotion Project.
Named TPE/PS-GOUV and conducted by the Ivorian Institute of Enterprise (INIE), this project aims to create 35,100 very small businesses (VSEs) in 234 communities (municipalities, regions and autonomous districts), with an average of 140 VSEs per community.
The project is expected to last 39 months and generate a total of 52,000 direct jobs. It was designed according to the “CLONIX” model developed by INIE, which consists in “recreating a large number of viable companies, sort of clones, throughout the national territory, based on successful models, whether they be very small businesses, SMEs or mid-cap companies.”
According to the Secretary of State to the Prime Minister for the Promotion of Private Investment in Côte d'Ivoire, Emmanuel Essis Esmel (photo), “this project falls in line with the axis 4 of the Government's Social Program (SP Gouv) on employability of youth and empowerment of women.”
He believes “this financing will boost self-employment and economic growth in the country.”
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
DR Congo commissions 10.5 MW Kakobola hydropower plant in Kwilu Project to supply over 400,000 people, boost local economy Launch follows delays, with...
International tennis tournaments in Gaborone attracted over 7,000 visitors and supported more than 200 seasonal jobs Tourism accounts for about...
Ghana will launch a digital platform to publish and centralize all Power Purchase Agreements (PPAs). The reform follows controversies over opaque...
The World Bank allocates $75 million to fund the DR Congo’s second general population and housing census (RGPH2), part of a $100 million...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...