Already by the end of June, five joint COLEACP/AMI (African Management Institute) Business Survival Bootcamps have taken place, three in English and two in French. A sixth bootcamp (in English) will be held on 6 July.
These events, open to entrepreneurs/managing directors and financial managers, provide practical tools for companies to plan and cope with the challenges resulting from the COVID-19 pandemic, focusing on financial projections and cost management in an economic slowdown.
The interactive experience via Zoom involves whole-group training and breakout sessions. After each bootcamp, the entrepreneurs and experts taking part are invited to both AMI’s and COLEACP’s online platforms, where they can download business tools, actively participate in forum discussions, and connect with other entrepreneurs who are also trying to meet the challenges of COVID-19.
Each bootcamp in June involved an average 30 to 40 ACP companies, business experts and COLEACP team members – in total around 175 participants from 20 countries representing the African, Caribbean and Pacific regions.
One bootcamp, on 23 June, was held exclusively for Kenyan participants under COLEACP’s recently launched NExT Kenya (New Export Trade) programme.
Personalised business coaching will also be provided by COLEACP to a selected group of companies.
The boot camp was really useful. I have learned on assessing scenarios, assessing risks, cash flow planning and forecasting and setting short term goals.
I am excited I got very relevant information we wanted. The tools are excellent.
Thanks COLEACP, that was pretty enlightening to the business community.