Social Fund launches “Business Edge” program in Yemen [Archives:2006/917/Local News]

January 2 2006

SANA'A, Jan. 29 ) The Social Fund for Development officially launched the “Business Edge” program (BEP) for small and micro enterprises (SMEs) in Yemen. The fund's Small Micro Enterprises Development Unit (SMEDU) will conduct the program, sponsored by the Dutch government in cooperation with International Finance Corporation (IFC) World Bank Group.

The program will be offered in Yemen for the first time by many organizations, including New Horizons, NIIT, SMMC, CMT House and the Taiz Chamber of Commerce. “Business EDGE,” meaning Education for Global Executives, contains courses on management, leadership, human resources, marketing, customer care, accounting and finance. It is designed to combine various business and non-business courses by applying theory to real business problems. The program helps students to understand the rising impact of international competition and how to operate in the global marketplace.

The Dutch Ambassador to Yemen said the program's benefits will have huge effects on Yemeni SMEs and development projects by raising awareness about SMEs, which help create new job opportunities and projects.

SMEDU Executive Director, Wisam Abdullah Mohammed, pointed out that the program will contribute to reducing Yemeni unemployment by employing more than 495 workers. The program aims to increase incomes of the poor and small businesses by training and supporting them technically and financially. It also aims to achieve a sustainable training market in SMEs.

Dutch investor and CMT House General Manager, Arco De Leede, said CMT is the first institute in Yemen to offer “Business Edge” tailored specifically to small to medium enterprises. Through the program, trainees receive higher education for global executives and learn how to be good administrative leaders. The program provides valuable business insight and knowledge through a structured and supportive situation that includes suitable training and resource access.