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Bahrain business model for Africa

By SOMAN BABY - Gulf Daily News


BAHRAIN is to help African countries create new businesses and jobs by teaching entrepreneurs how to start up on their own.

The Bahrain Model of Enterprise Development is to be used as a blueprint in several African countries.

The United Nations Industrial Development Organisation (Unido) Investment and Technology Promotion Office (ITPO), Bahrain, is organising a high level meeting on Sunday to finalise the project.

The meeting, in Bahrain, will be headed by Unido director-general Dr Kandeh Yumkella and attended by three African ministers, said Unido-ITPO Bahrain head Dr Hashim Hussein.

"It will finalise the transferring of the Bahrain Model of Investment Promotion and Enterprise Development Programme to Africa, with the funding of the Arab Gulf Programme for United Nations Development Organisations (Agfund)," he told the GDN.

Industry and Commerce Ministers of Sierra Leone, Guinea and Liberia will attend the meeting, along with high ranking officials from the Islamic Development Bank, Agfund and Emaar Industries and Investment.

"This is the first time that the Arab Gulf countries are moving to Africa on an enterprise development mission," said Dr Hussein.

The Bahrain Model is being implemented by Unido through its Arab Regional Centre for Entrepreneurship and Investment Training (Arceit) with the support of the Bahrain Business Incubator Centre and the Bahrain Development Bank and Agfund.

The Bahrain Model is a full package approach aimed at assisting potential entrepreneurs to implement their ideas into successful sustainable businesses.

The model consists of four steps: collective capacity building, business counselling and technology tie-up leading to joint venture collaborations, financial linkages and finally Incubation which takes two forms either in-wall or out-wall (virtual).

Arceit Bahrain has already institutionalised the Bahrain Model in various countries such as Kuwait, Saudi Arabia, Abu Dhabi, Syria, Yemen, Sudan, Jordan and Uruguay, besides Bahrain.

Concrete steps have already been taken for Lebanon, China, Morocco, Algeria, Egypt and Tunisia, said Dr Hussein.

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