AMSCO Head of Oparations East
Africa Judith Lorika adressing to Journalists yesterday at Julius
Nyerere Conference Centre Dar es salaam (Right) is AMSCO Account Manager
Timothy Waiharo.
………………………………………………………………………….
Africa, and Tanzania, in
particular has experienced growth in the private sector with mushrooming
of private companies. But economic development in Africa depends among
other ...
things on improving the International competitiveness of African
businesses. Among the important factors hindering the competitiveness of
these firms is the inadequate training provided to local staff members
and the difficulties many experience in identifying and attracting
competent managers[1].
To give a workable solution to
the challenge facing such companies in Africa, the ATMS project (African
Training and Management Services) was started. The project is the
initiative of the United Nations Development Program (UNDP) Regional
Bureau for Africa. The project was initiated in 1989 and its aim was to
support the growth and development of management capacity of companies
in Africa so that they can enter the global market competitively,
profitably, and sustainably. The project is implemented by the African
Management Services Company in several countries of sub-Saharan Africa
including Tanzania.
AMSCO target beneficiaries have
been African businesses, particularly SMEs which it supports by
seconding qualified, experienced, hands-on, professional management and
related services. AMSCO also supports business member organizations and
commercially operated public enterprises. ATMS Tanzania was commenced in
1990 by UNDP in collaboration with other development partners. The
project is committed to ensuring that Tanzania benefits from private and
public enterprise contribution in development objective. The core
objective of the ATMS Tanzania is to strengthen the capacity of private
companies by assisting them to develop human capital solutions that lead
to wealth creation.
Promoting Economic inclusion:
AMSCO has supported enterprises that provide access to market, access to
finance and production aggregation as a means of enhancing economic
inclusion for the low end of the market. Through interventions targeting
micro finance institutions, social enterprises and linkages with large
enterprises AMSCO has provided over 100,000 people with a platform for
economic mainstreaming thereby contributing to poverty alleviation.
Directly AMSCO supported enterprises provide employment to 4,712 people
in jobs that fit the decent work United Nations standards as per the
independent evaluation report released in 2016.
Promoting new products: AMSCO
supported the setting up of the first medical insurer, the first leasing
company and the first debit/credit cardissuance in Tanzania, by
providing the critical technical skills required in developing, &
promoting these products. Today these sectors offer thousands of jobs
and offer critical services to the nation.
Promoting investment:By providing
competent experts to new businesses seeking to set ups operations in
Tanzania and supporting the same with training of local staff, AMSCO
have been actively promoting investment into Tanzania. Recent evaluation
shows that in the last 5 years over US$ 60 million as been invested in
Tanzania by both new businesses and expansion of old businesses
supported by AMSCO. AMSCO Managers have played a central role of helping
to fund raise for some of these companies. The project has also helped
to increase profitability and tax contribution of the beneficiary
enterprises with 2013 figure indicates an average 89% increase in tax
contribution
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