Consideration of the challenges caused by COVID-19 pandemic to women-owned businesses, there is need for business diversification and working on business recovery plans in order continue the path of entrepreneurship. Currently, a business without a business plan faces difficult in securing funding whether from investment partners or financial institutions, since the business is not indicating any direction and plan of survival and sustainability.
Due to a high demand by business owners to enhance their skills on taxation, this training was conducted to improve tax literacy among entrepreneurs on fiscal systems and tax obligations, in order to comply with fiscal requirement.
To capacitate the private sector to assist their members in business growth and organizational development, APEFE in collaboration with Imanzi Business Institute, carried out field visits to conduct a Business Diagnosis among the pilot companies of the Workplace Learning Support Program (WPLSP), headed by APEFE, MIFOTRA & PSF
In light of COVID-19, businesses ought to go digital to operate; i.e. sell their products, etc. In collaboration with iHuzo project from the Rwanda ICT Chamber, IBI trained businesses on different eCommerce platforms such as #WhatsappShop #Appmapa… to help them transition towards digitalization.
The training was organized in partnership with the Private Sector Federation (PSF) and UNDP, currently key partners with the Gender Monitoring Office in supporting the gender mainstreaming strategy, intended to equip women in business with various adequate skills.
IBI in collaboration with Green Business Hub Rwanda delivered a training on business plan development, for SMEs to expand their businesses, prepare an investment plan, improve the organization, strategy & marketing, and leadership.