| With the looming unease following the Davos Summit over the need to come up with new models of economic growth, Africans can’t help but wonder how they can protect themselves from the current uncertain state of affairs. |
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| AMSCO client, Columbus Stainless Ltd, on 08 December 2011 handed certificates to 28 employees who recently completed a six months course on Supervisory Management. The graduation ceremony took place in Middleburg, South Africa with 7 females and 21 males beaming with happiness. |
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| A drastic turnaround strategy, spearheaded by the Development Bank of Namibia (DBN) with the support of the African Management Services Company (AMSCO), has seen the turnover at Ongwediva Medipark (OMP) in Namibia increasing fourfold. The company's profit margins have improved significantly, to the extent that forecast revenue and profits for the year were revised upwards, in the second quarter of 2011, in line with new realities. AMSCO sourced and placed an experienced Hospital Manager for a period of two years for the hospital. |
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| The African Development Bank (AfDB) has provided credit lines worth US$13.5 million to two commercial banks to support the development of private sector and small and medium enterprises (SMEs) in Zambia. AfDB country representative Freddie Kwesiga said the institution has provided Zanaco with US$5million after the initial allocation of US$10million while Investrust Bank has been given US$3.5 million as part of its initiative to close the financing gap for SMEs. AMSCO serves as the implementing partner for this SME support project. |
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| There is need to improve the low managerial capacity among Small and Medium Entrepreneurs (SMEs) in order to overcome some of the challenges the sector is facing, Africa Development Bank (AfDB) Resident Representative Freddie Kwesiga has said. Speaking during the AfDB SMEs marketing forum at Kitwe's Hotel Edinburgh, Dr Kwesiga said low managerial capacity among the SMEs disadvantage them in accessing financing and also contributed to operational hiccups. |
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| MOMBASA, Kenya, Aug 5 – Public and Private sector growth that is hinged on achieving the Millennium Development Goals and environmental sustainability has been cited as the best way of achieving real economic growth for the African region. |
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NAIROBI, Kenya, Aug 2 – Good corporate governance has been cited as a big challenge for Africa’s Small and Medium Enterprises (SMEs) intent on tapping onto the next level of business growth.
The Chief Executive Officer and Managing Director of African Management Services Company (AMSCO) Paul Malherbe said more needs to be done to restore Africa’s pride and that includes the deliberate development of SMEs. |
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| In the past year, the tax revenue of governments across 23 African countries increased by more than $85-million as a result of the African Training & Management Services project, a United Nations (UN) Development Programme. |
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