AFOS hosts third Tech Entrepreneurs Forum in Ghana

The Institute of ICT Professionals Ghana (IIPGH) in collaboration with AFOS Foundation organised the third edition of the Tech Entrepreneurs Forum (TEF 2023) on 21 June 2023. The aim is to minimise the digitalisation deficit and advance small and medium enterprises (SMEs) in the country.

Tech Entrepreneurs Forum (TEF) 2023

The TEF2023 was held at the Holiday Inn Hotel and was part of the Tech Entrepreneurship Month. This aims to help harness the synergies between academia and industry. Supporting the SME sector in its continued digital transformation is a key concern. Compared to the global economy, Ghanaian SMEs play an even more important role for their country: they provide over 80 percent of jobs and contribute to more than 70 percent of private sector output. Despite rapid digitisation in recent years, many SMEs in Ghana continue to lag behind their regional competitors due to cost and information barriers.

ICT as a Driving Force of the Economy in Ghana

Osei Assibey Antwi, Executive Director of the National Service Scheme (NSS), was pleased with the efforts of the IIPGH and the AFOS Foundation in organising the forum. He explained that it fitted perfectly into the government’s plan. “We are very pleased with the success of the Tech Entrepreneurs Forum which has brought academia and industry together to address the digitalisation deficit of Ghana’s SMEs,” he said. “ICT is the driving force of the fourth industrial revolution and digitisation is the ladder without which you will be left behind,” he added. He commended the University of Cape Coast and Accra Technical University for their proactive work in digitisation and education.

SMEs attending the Tech Entrepreneurs Forum also benefited from the consultancy services of DigiCAP Junior Consultants (JCs). The JCs demonstrated their expertise in data analytics and business intelligence. Carefully selected from among the DigiCAP project beneficiaries, they provided the SMEs with valuable insights and guidance on their digital transformation.

The Ghana TEF 2023 is to be further expanded

The Executive Director of the IIPGH, David Gowu, stressed the importance of promoting and supporting technology-based entrepreneurship in Ghana. The Ghana Tech Entrepreneur Forum 2023 is an important networking platform for companies, SMEs, independent consultants and start-ups. They can present their innovative products and services there and give participants the opportunity to make contacts. Collaborations could be stimulated and opportunities for growth and digital progress explored.
Gowu also expressed plans to expand the forum – starting with the fourth edition next year. The aim is to reach an even larger audience and have a stronger impact on the SME digitalisation landscape.

DigiCAP Junior Consultants (JCs)

The DigiCAP Junior Consultants (JCs)

SMEs attending Ghana TEF 2023 also benefited from the consultancy services of the DigiCAP Junior Consultants (JCs). The JCs demonstrated their expertise in data analytics and business intelligence. Carefully selected from among the DigiCAP project beneficiaries, they provided the SMEs with valuable insights and guidance on their digital transformation.

The AFOS Foundation’s project manager, Hanna Schlingmann, was enthusiastic about the continuation of the partnership. She referred to the excellent work of the junior consultants and the positive feedback from the SMEs. She emphasised the Foundation’s commitment to promoting growth and development in the SME sector through strategic cooperation and innovative initiatives. The foundation for improved collaboration, knowledge sharing and skills development has been laid, she said. This helps the SME sector to become more digitally ready and competitive in the global market.

The junior consultants selected by the University of Cape Coast (UCC) and Accra Technical University (ATU) under the DigiCAP programme are currently at a developmental stage. However, based on the requirements of their training, they are already able to provide free consultancy services through internships.

The AFOS Foundation encourages SMEs across the country to take advantage of this unique offer. They are enthusiastic learners with ICT and interpersonal skills that businesses need to tackle problems such as good customer communication. They learn to be creative in problem-solving and are able to develop solutions that meet customers’ needs through collaborative and iterative working.

What are the Benefits for Companies of hiring JCs?

  • The consultation is free of charge. You only pay the cost of the recommended solution.
  • Repetitive business processes can be automated by JCs so you can focus on delivering your essential business solutions.
  • There is no one size fits all. You get customised solutions to your business problems – tailoring goods, services and encounters to specific business needs.
  • You have the opportunity to work with a young, motivated team of professionals. This is passionate, skilled and has a fresh perspective on business issues.

These benefits were presented to the SMEs in a world café style presentation. At the same time, possible solutions were discussed to be offered to the industry partners and participants of the event.

The Ghanaian Government is betting on the enormous Potential that can arise from Digitalisation

Technical and entrepreneurial skills – as well as trained personnel who can support organisations with their digitalisation problems – are in great demand. The AFOS Foundation and its supporting partners from business (IIPGH) and academia (UCC and ATU) are making a crucial contribution to this. The DigiCAP project creates practice-oriented certification programmes and supports initiatives in the field of Information and Communication Technologies (ICT).

The partnership project is funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) through sequa gGmbH as part of the special initiative “Decent Work for a Just Transition”.

This abridged article is based on the article “Tech Entrepreneurs Forum bridges SME digitalisation-deficit, boosts Academia-Industry synergy” published on Business & Financial Times (B&FT) on 26 June 2023.

AFOS cooperates with the Frankfurt School of Finance: Promotion of Agricultural Loans in Nigeria

Together with the Frankfurt School of Finance and Management, we pave the Way for Agricultural Loans in Nigeria

The collaboration with the Frankfurt School of Finance & Managementwas established in spring 2020 during a visit to Germany and Luxembourg. The aim of the cooperation is to facilitate cross-border partnerships. It also aims to facilitate systemic exchange and knowledge transfer between the Nigerian Microfinance Platform (NMP) actors and best practice institutions in Europe.

AFOS in Nigeria

AFOS partners with the Frankfurt School of Finance to align our work in Nigeria with global best practices. For example, through its Sustainable World Academy and international advisory services, the Frankfurt School works with the AFOS Foundation and the Microfinance Agricultural Learning and Development Centre (MLDC) to deliver world-class learning and development programmes. These address gaps in the microfinance sector, particularly in the promotion of sustainable agricultural credit. As AFOS Foundation, we have entered into an agreement with the Frankfurt School to facilitate the training of microfinance banks in Nigeria.

AFOS fosters Agric Loans in Nigeria

We start with a Summer School, the Microfinance Masterclass

We start with an annual summer school – a microfinance masterclass run by MLDC with the support of the AFOS Foundation during the project period. This is a mixed (physical and virtual component) four-week programme consisting of eight modules.

The classroom modules are conducted by the local advisors of the Frankfurt School of Finance & Management in Nigeria. The online sessions are conducted virtually from Frankfurt. The aim of the programme is to raise awareness of agricultural finance in the microfinance sector and to enable microfinance banks to provide sustainable loans for agriculture. It also aims to create links with smallholder farmers so that they can access agricultural credit from trained microfinance banks.

The pilot was launched in Lagos State on 28 March 2022. The introductory sessions continued first in Ibadan for the South-West Zone. The meetings for the North Central Zone will start on 5 September in the Federal Capital Territory (FCT). At each of the events in each zone, the 8 modules of the programme are completed, including during the pilot in Lagos.

Participants are important Decision-Makers

The training of 180 loan officers and managers, who are key decision makers in their respective MFBs, will be conducted in five political zones of Nigeria. The project is designed for a class size of 30 persons (2 participants per MFB). Thus, in addition to the banks that participated in the pilot in Lagos, 15 banks from each of the zones can participate.

Selected Contents that Facilitate the Granting of Agricultural Loans

Participating MFBs were selected based on the Agricultural Finance Survey for Microfinance Banks in Nigeria conducted by AFOS in October 2021. Through the training, they will better understand the challenges of agricultural lending and the success factors and experiences of microfinance banks lending to agriculture. The results of the survey are an important factor in the design of the 8 learning modules of the agricultural credit training programme. The training helps microfinance banks understand the smallholder business and agricultural finance. This is the only way to increase credit to agriculture and agricultural production in Nigeria.

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