AFRI-GLOBAL COOPERATION PROGRAMME

AGCP is a company designed to contribute to the Economic Transformation Journey by being a bridge between Macro, Startups, Entrepreneurs, Informal, Formal, Small and Medium Enterprises (MSME’S) and Investors of diverse backgrounds which include angel investors and capital ventures in order boost the impact of Private Sector.

This program has come to continue building immensely into addressing issues of proper methods to skilled practices like, innovation, marketing, investment, staff management, practices of saving culture.

Afri – Global Cooperation Programme will be achieved with helping young entrepreneurs to have Access to proper hands on skills with the objective of  bringing awareness on a number of young entrepreneurs in their communities and empower young generation with necessary tools of work on the entrepreneur journey, not only this but also turning young entrepreneurs into agents of change

PROBLEM STATEMENT

In Rwanda, many potential entrepreneurs and small business owners face difficulty accessing financial resources due to a lack of essential business skills, limited capacity-building efforts, and a shortage of valuable connections. This issue hinders their ability to secure funding for starting or expanding their businesses. Addressing this challenge requires effective training, capacity-building programs, and networking opportunities to bridge the gap between financial access and entrepreneurial skills, fostering a more dynamic and inclusive business environment in the country.

 AVAILABLE SOLUTIONS

• TVET graduates used to access start-up loan facilities however, these were frozen in 2020 and replaced by a leasing program which required the start-up to have been active for a minimum of a year. This reduced the number of graduates pursuing loans to kick off their businesses.

• Business Development Fund (BDF) provides loans to the youth up to a tune of 75 per cent however some young people fail to raise the remaining 25 per cent required to start their businesses.

• Acumen is a global non-profit organization that aims to solve the issue of poverty by bridging the gap between market based solutions and aid. By applying investment in entrepreneurs with social missions that can deliver social and financial returns to transform the lives of low-income people everywhere.