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.
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.(P.T)
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