SME


SME


Invitation to attend an expert meeting on the establishment of a SME fund to support small and medium –sized enterprises (SME) in Sierra Leone

Dear Sir/Madam,

On behalf of the Board of Students Entrepreneurship Programme (SEP), I write to cordially invite you to attend our expert meeting on the establishment of a SME Fund to support small and medium-sized enterprises in Sierra Leone. The meeting is targeting professionals and practitioners of financial institutions in the country.

Date: Ist of July, 2016
Time: 9am to 12pm
Facilitator: Prof. Gerd Junne of The Network University, The Netherlands
Expected participants: 30
Location: SALPOST
Address: 27 Siaka Steven Street Freetown

The Student Entrepreneurship Program is a social enterprise that offers an online entrepreneurship training, combined with an individual coaching trajectory for starting entrepreneurs, during which they are supported by local trainers and by successful Dutch entrepreneurs with African descent. Our core competence is business training, coaching, counseling and business development. We also do lobby and advocate for funding our fledgling entrepreneurs.

The SEP has succeeded in training more than 100 youths that have existing businesses or have ambition to start a business. However, a severe lack of financing is limiting the ability for starters of the program to start a business. This expert meeting will provide a platform for public-private sector dialogue and cooperation on increasing access to financial services for SME.

The student entrepreneurship program partners with The IOM in Sierra Leone and The Netherlands, The Network University of The Netherlands, the Institute of Advanced Management and Technology in Freetown, MasterPeace in Sierra Leone and Migration and Development Consultancy, The Netherlands.

Thanks in advance while anticipating your attendance.

Best Regard,
Ms. Josephine D Kamara
Acting Coordinator (078-889901/088-101133)
Appendix: Back ground information

Title: Expert meeting for establishment of SME Fund to support small and medium-sized enterprises in Sierra Leone

A lack of jobs, income and perspective for students with secondary and tertiary education was one of the root causes of the civil war in Sierra Leone. Since few employers offer attractive chances for young graduates in the country, starting their own enterprise is an alternative for some of them. The Student Entrepreneurship Program is a project that offers an online entrepreneurship training, combined with an individual coaching trajectory for starting entrepreneurs, during which they are supported by local trainers and by successful migrant entrepreneurs from Africa in the Netherlands. The program have succeeded in training more than 100 youths that have existing businesses or have ambition to start a business, or has a business that is currently been implemented at IAMTECH. However, a severe lack of financing is limiting the ability for starters of the program to start a business.

In view of this, SEP is currently navigating the possibility of starting a SME fund to support potential participants of our online entrepreneurship program in Sierra Leone using crowd funding campaign, targeting Angel investors in Sierra Leone, Sierra Leone diaspora and friends of Sierra Leone in The Netherlands and mainland Europe.

This expert meeting will navigate the possibility of setting up a fund to support SME development in the country. Participant in this meeting will discuss the constrains of financial access for small and medium-sized enterprises and will also share experience on the means of improving access to financial services and reducing their transaction costs, including making remittances faster, safer and more secure, and maximizing their development impact.

Objectives:

  • Identify national policies and practices that support development of a SME Fund to support the unbanked, particularly women and youth.
  •  
  • Provide a platform for public-private sector dialogue and cooperation on increasing access to financial services for SME.
  • Improve remittances through formal channels and improve data on remittance inflow to support SMEs.

Outcome

A clear understanding for starting and running a SME fund for Sierra Leone and the legal structure to facilitate the fund institutional development

Format of the meeting:

The expert meeting will build on the discussions undertaken and the recommendations made during previous evaluations reports of the online program in Sierra Leone.
In this regard, the discussion will focus on policies and regulations that support the setting up of a fund for SME development through new technologies, such as UMVA and mobile money transfer schemes.
These objectives will be pursued through an exchange of experiences and lessons learned so as to assist in developing the fund to support SME development.

Visit Website online programme:


Back to Growth: Investing in Guinea, Liberia and Sierra Leone.

On 30 November 2015, the Ministry of Foreign Affairs is hosting the international investment conference ‘Back to Growth: Investing in Guinea, Liberia and Sierra Leone’ in The Hague. The conference is being organised in collaboration with the investment agencies in the respective countries. The aim is to forge and strengthen partnerships between investment projects and investors.

The conference will build on the successful trade mission to the three countries led by the Minister for Foreign Trade and Development Cooperation, Lilianne Ploumen, in July this year.

More Info: http://www.government.nl/backtogrowth2015


Trade mission to Sierra Leone

MD Consultancy is pleased to announce that it will be taking part in the Economic mission to Sierra Leone, Liberia and Guinea headed by Lilianne Ploumen, The Dutch Minister for Foreign Trade and Development . The mission is scheduled to take place on 5-8 July 2015. 

MD Consultancy (MDC) will be meeting Sierra Leonean and Dutch companies that are interested in developing business in the other country. Led by a multilingual business consultant with a strong network in both countries, MDC can add value to new business development in either country.  Secondly, MDC want promote the business and aspirations of participants of our online entrepreneurship programme in Sierra Leone through ensuring that a selected few are represent during the network meeting with Dutch entrepreneurs.

 More information for this economic mission visit:
http://www.rvo.nl/missiesierraleone

 



Partnership for Agricultural development in Ethopia

MDC is clad to announce that it has been commissioned by the Africa Diaspora Policy Centre to develop a  joint tailor-made two-week  training programme for Ethopian government officers. The training will take place in September 2015 in Ethopia. The direct beneficiaries will be senior policy makers tasked with mobilizing diaspora entrepreneurs to boost expansion of the agriculture sector of the economy. 

More information for this economic mission visit:

http://www.diaspora-centre.org/wp-content/uploads/2015/06/Glocal-for-the-website.pdf


Ambassador Business Promotion Tour Kickoff

The national platform of Sierra Leonean people in the Netherlands, The Sierra Leone Central Union is joining forces for the first time with The Sierra Leonean Embassy in Belgium to promote Sierra Leone investment potentials in the Netherlands. Our main objective is to promote economic growth that will accelerate the implementation of The Agenda for Prosperity in Sierra Leone. This will help put the Sierra Leone investments opportunities on a networking platform in The Netherlands. It could create new opportunities for recognition and active participation in transnational business linkages between The Netherlands and Sierra Leone respectively.

The results of the tour will be a better understanding of the trade and investment potential of Sierra Leone to 50 International and National Dutch companies and institutions. This will enhance the interest of the above mentioned companies to take in the first trade mission to Sierra Leone.

Achieving this involves a robust business promotion tour of HE Ambassador Ibrahim Sorie and SLCU project team to different cities namely, Tilburg, Wageningen and Amsterdam. The tour is scheduled to take place on the 26th, 27th and 28th of February 2014. During this visit HE Ambassador will be welcome by the City Mayors, Entrepreneurs and Investors. The Ambassador will present concrete business cases, specific needs and the aspirations of the Sierra Leonean government, companys and institutions. The visit of the Ambassador is also in preparation for the visit of HE Ernest Bai Koroma, president of Serra Leone in April this year.

Prior to the visit, an active media campaign will inform the target market in the region in various sectors namely;

  1. Circular economy ( zero waste tolerance )
  2. Sustainable Agriculture and Agri business
  3. Drink water supply and sanitation
  4. Sustainable energy
  5. Port development and logistics
  6. ICT and telecommunications

Please download the provitional programme for the Sierra Leonean Ambassador on tour to three Dutch Cities.

in Wageningen