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X-WR-CALNAME:Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation
X-ORIGINAL-URL:https://www.foretiafoundation.org
X-WR-CALDESC:Events for Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation
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DTSTART:20230101T000000
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DTSTART;TZID=UTC:20240327T090000
DTEND;TZID=UTC:20240328T150000
DTSTAMP:20250127T105338Z
CREATED:20250127T105338Z
LAST-MODIFIED:20250127T105338Z
UID:10000364-1711530000-1711638000@www.foretiafoundation.org
SUMMARY:SMEs flagship training – Akonolinga
DESCRIPTION:Venue : Akonolinga- Mairie Municipale (REGISTER NOW)Date : 27 & 28  Mar. 2024\nTime : 09:00 am to 03:00 pm\n \nBackground\nIn Cameroon\, 80% of the businesses created die before their first 5 years of existence. Moreover\, most of them remain in the informal sector. According to recent statistics from the National Institute of Statistics\, about 90% of the labor force in Cameroon remains trapped in this sector. Women and youth are the most represented in this sector\, due to a number of challenges they still face. In the agricultural sector\, for example\, Cameroonian women represent 71.6% of workers in the informal agricultural sector. Unfortunately\, almost 52% of them still live below the poverty line and 79.2% of them are underemployed. This underemployment rate is estimated at 70% for youth. To address all the root causes of SME underperformance and access to employment in Cameroon\, foster economic freedom\, and empower both women and youth in the country\, the Small Business and Entrepreneurship Center (SBEC) of the Denis and Lenora Foretia Foundation is implementing a project titled “Powering Prosperity and Economic Freedom for Women and Youths in Cameroon”. This project offers a comprehensive training program for young entrepreneurs for a period of 6 months to enable them to acquire viable skills in management and business\, regulatory processes\, finance and other capabilities necessary for overall improvement.\nObjective\nThe main objective of this SME flagship business management training\, is to assist businesses establish a comprehensive small business strategy and grow. Specifically\, it will be a matter of: \nSupporting SMEs in the process of developing and delivering a comprehensive and complete business plan.\nGuiding SMEs in the establishment of an effective and efficient leadership.\nEnsuring that all SMEs in the informal sector smoothly move to the formal sector.\nEmpowering SMEs to develop and implement an effective and autonomous business management system.\nEquipping SMEs with up-to-date\, affordable marketing and sales strategies adapted to their sector of activity and level of development.\nEducating entrepreneurs on accounting practices and financial models adapted to their activities.\nEquipping SMEs with the means to recruit and manage the required HR for their business and adapted to their level of development.\nShowing SMEs\, the fundamental role of technology and innovation for business development. \nTarget audience\nThe training program is open to business owners/entrepreneurs\, Business managers\, especially women and youth.\nOutcome of the event\nAt the end of the training program there should be positive shift in the knowledge and application of the various modules in small businesses.\nLocation of the Training\nThe training shall take place in; \nCenter region\nLittoral region\,\nWest region\,\nSouth West region\, and\nNorth West region. \nFor more information\, please contact us at:\nEmail: info@foretiafoundation.org / Tel: (+237) 22 31 15 84 / 654 86 72 54\nRegister now
URL:https://www.foretiafoundation.org/events/smes-flagship-training-akonolinga/
CATEGORIES:Event,Events,Small Business & Entrepreneurship Center
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DTSTART;TZID=UTC:20240328T100000
DTEND;TZID=UTC:20240328T150000
DTSTAMP:20250127T105526Z
CREATED:20250127T105526Z
LAST-MODIFIED:20250127T105526Z
UID:10000242-1711620000-1711638000@www.foretiafoundation.org
SUMMARY:Stakeholder Meeting : Providing Evidence-Based Policy Advice to Improve the Effectiveness of Monetary Policy in Francophone Africa
DESCRIPTION:Date: March 28\, 2024Time: 10:00 pm –03:00 pm (Cameroon time)\,\nVenue: Djeuga Palace Hotel\, Yaoundé (Hybrid Event)\nBy invitation only\nBackground\nFrancophone Africa is home to two monetary unions. The West African Monetary Union (UMOA) and the Central African Monetary Union (UMAC). The currencies of these two monetary unions are\, respectively\, the Franc of the African Financial Community (XOF-CFA Franc) and the Franc of the Financial Cooperation in Central Africa (XAF-CFA Franc). Each currency zone has a fixed exchange rate and limited capital mobility\, and thus an independent short-term monetary policy in line with the Mundell-Fleming model. The monetary policies of the two central banks\, the Bank of West African States (BCEAO)\, the issuing institution of the Economic Community of West African States (ECOWAS)\, and the Bank of Central African States (BEAC)\, the issuing institution of the Economic and Monetary Community of Central Africa (CEMAC)\, are unique and primarily aimed at maintaining price stability and supporting economic growth. However\, the effectiveness of these two monetary policies remains weak\, with market interest rates and inflation showing little responsiveness to the actions of these two central banks. What’s more\, the transmission mechanisms of monetary policy remain limited\, such as the shallowness of financial markets\, the rigidity of inflexible interest rates\, and the limited diversification of economies\, despite the well-established institutional framework and appropriate instruments used by these central banks. In order to improve the contribution of monetary policy to the resilience of francophone economies\, the Nkafu Policy Institute\, a think tank of the Denis and Lenora Foretia Foundation\, is organizing a stakeholders’ meeting on the theme “Providing Evidence-Based Policy Advice to Improve the Effectiveness of Monetary Policy in Francophone Africa.”\nObjectives\nThe main objective of this workshop is to discuss strategies for strengthening the effectiveness of monetary policy in the franc zone. More specifically\, the workshop will focus on\nØ The role of monetary policy in the development of the Franc zone\nØ The nature and importance of exogenous shocks in CFA-franc countries\nØ Analyze and assess the reforms put in place\, especially their impact on monetary policy transmission mechanisms in the CFA franc zone.\nØ The reforms needed to strengthen the effectiveness of monetary policy decisions in CFA Franc zone countries.\nTarget audience\nThe meeting will bring together 20 experts on monetary policy and stakeholders from the following organizations: central banks\, ministries of finance and economic planning from French African countries\, commercial banks\, investors\, civil society organizations\, academia\, international organizations\, experts\, and observers from other regions and institutions.\nExpected outcome of the event\nAt the end of the different sessions\, participants would have acquired a firm understanding of the place of monetary policy in Francophone Africa\, particularly the role of central banks in stabilizing economies. Participants will also have a good understanding of current challenges with the shared currencies at the macroeconomic level and possible reforms to enhance the impact of monetary policy on economic performance and the welfare of citizens.\nLogistics\nThis stakeholder meeting will be a hybrid session. It will be live-streamed on the websites and social media platforms of the Denis & Lenora Foretia Foundation and the Nkafu Policy Institute. Simultaneous interpretation in English and French will be provided for the meeting. Documentation for the meeting will be sent electronically to online participants and shared physically with onsite participants. Lunch will be offered at the event venue for all confirmed stakeholders.\nAbout the Nkafu Policy Institute\nThe Nkafu Policy Institute is an African think tank dedicated to the mission of providing independent\, in-depth\, and insightful policy recommendations that facilitate the prosperity of all Africans within free\, fair\, democratic\, and sustainable economies. The Institute convenes leading analysts\, experts\, and contributors from around the world\, specializing in the fields of governance and democracy\, health and education\, peace and security\, science and technology\, and economic policy. Its reputation is built on the values of independence\, rigor\, and innovation.\nContact\nEmail: info@foretiafoundation.org /\nTel: (+237) 654 86 72 54
URL:https://www.foretiafoundation.org/events/stakeholder-meeting-providing-evidence-based-policy-advice-to-improve-the-effectiveness-of-monetary-policy-in-francophone-africa/
LOCATION:Djeuga Palace Hotel\, Yaounde\, Centre\, Cameroon
CATEGORIES:Event,Events
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ORGANIZER;CN="Nkafu Policy Institute":MAILTO:info@foretiafoundation_org
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