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Building skills to support small and medium-sized businesses in Africa - IPDEV II

Project leader

IPDEV II  

Location Afrique
Duration 2015 - 2018
Intervention Area Socio-economic inclusion
Funding 428 000,00 €

Context

While Africa has seen an unprecedented upturn in economic growth since the beginning of the 2000s, this growth has not always been fairly distributed, nor has it created jobs. Small and medium-sized businesses (SMEs) are key players in this regard: it is within these companies that the biggest gains in productivity are made, they contribute to the political stabilisation of society and social redistribution by employing more than half of the urban and rural workforce, they help to structure African markets which are increasingly focused on their emerging middle classes and thereby contribute to defining the conditions for dynamic, sustainable and responsible growth.

However, African SMEs are today facing two types of difficulty in their evolution: a lack of skills and training and a lack of access to long-term local financing. SMEs are therefore a “missing link” in African economies, ignored by traditional investors due to the higher management and transaction costs that they generate. This missing link could represent between 40% and 60% of SMEs in Sub-Saharan Africa.

Within the framework of this project, the IPDEV II social impact investment fund, led by Mr Jean-Michel Severino, proposes to support SMEs in five of the countries prioritised by Monaco’s Official Development Assistance (Mali, Niger, Burkina Faso, Senegal and Madagascar) by deploying teams which will support and empower the companies to enable them, eventually, to have a sustainable structuring effect on the entrepreneurial landscape of African economies.

 

Project owner  

IPDEV II    

Partners

  • Existing SME support measures (chambers of commerce, associations, professional organisations, etc.)
  • Technical partners: principally local advisors (legal experts, lawyers, trainers in accounting, management, marketing, etc.)
  • Academic partners: CERDI of Clermont-Ferrand

Beneficiaries

Direct beneficiaries:

At least 30 SMEs in five countries prioritised by Monaco’s Official Development Assistance (Mali, Niger, Burkina Faso, Senegal and Madagascar), employees of the target SMEs

Indirect beneficiaries:
All SMEs in the countries concerned

Main objective

To provide structure and support for African management teams based in Mali, in Niger, in Burkina Faso, in Senegal and in Madagascar which are responsible for supporting the small and medium-sized businesses (SME), in order to have a sustainable structuring effect on the entrepreneurial landscape of African economies.

Specific objectives

  • To organise a management and support team in Mali and lead the network of management teams
  • To contribute to providing support, over three years, for 30 companies in Senegal, in Burkina Faso, in Niger and in Madagascar and lead the discussion network between entrepreneurs in these countries
  • To improve working conditions for SME employees and promote best practice between peers
http://cooperation-monaco.gouv.mc/en/Projects/Monaco-s-Official-Development-Assistance-projects/Multi-country/multi-country/Building-skills-to-support-small-and-medium-sized-businesses-in-Africa-IPDEV-II2

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