Multinational - African Training and Management Services Project phase IV


Project Summary

Approval Date 28 May 2009
Signature Date 05 Oct 2009
Planned Completion Date 01 Dec 2010
Last Disbursement Planned Date 01 Dec 2010
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 32130
Commitment U.A 651,856.49
Status Completion

Project General Description

The African Training Management Services Project (ATMS) was launched in 1989 as a unique collaborative effort between the United Nations Development Programme (UNDP), the International Finance Corporation (IFC) and the African Development Bank Group (AfDB). ATMS assists African companies, mainly SMEs, by supporting the secondment of experienced expatriate managers and simultaneously supporting in situ training. The objective is to upgrade management skills of local successor managers, the lack hereof having been considered as one of the main causes for weak performance of enterprises throughout the African continent. The Project has operated under three successive project agreements named: ATMS I, II and III. The focus of the current ATMS IV Project is to support SMEs that have the potential to increase their profits, sales and market share and contribute to job creation, technological innovation, exports and poverty alleviation but lack needed human and financial resources. ATMS phase IV is therefore crucial in the transition from a donor funded project to an independently and commercially operating AMSCO that executes its mandate with limited donor funds. The total cost of the project is estimated at US $ 15-25 million to cover the five-year period.

Project Objectives

The ATMS IV Project has three overall objectives: i) Wealth Creation by increasing the revenue and profitability of benefiting companies and increasing the number of successful companies assisted; ii) Positive social impact by the increase in number of local managers promoted, employment generation and increase in female participation rate (employees and ownership); and iii) upgrading the overall capacity of the companies through training and coaching.

Beneficiaries

The Project beneficiaries are African companies, mainly SMEs.

Participating Organization

Funding
Fund for African Private Sector Assistance
Implementing
Société financière internationale (SFI)

Information

IATI identifier 46002-P-Z1-KB0-005
Last Update 31 Oct 2019

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Contact Details

Email fapa@afdb.org

Geographic Location

Country Multinational