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Invest In Africa Boosts Managerial Technics to SMEs in Africa Through Business Linkage Programme

KH3 Inc. is a rising Accra-based construction project management firm specialized in commercial and residential interior decoration

SPONSOR(S)

REGION(S)

SECTOR(S)

TECHNICAL PARTNER(S)

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Invest In Africa Boosts Managerial Technics to SMEs in Africa Through Business Linkage Programme

Invest in Africa (IIA) is a collaboration of private companies, public entities and donor organizations that support local African businesses by creating access to markets, skills and finance. IIA established the Business Linkage Programme (BLP), a capacity-building and mentoring initiative that offers Small and Medium Enterprises (SMEs) tools needed to improve their entrepreneurial, managerial, and technical proficiencies. It also established the African Partner Pool (APP), an online marketplace that bridges the gap between large companies with procurement needs and SMEs who have products and services to sell (suppliers).

In 2014, Kweku Hayford established KH3 Inc., a rising Accra-based construction project management firm specialized in commercial and residential interior decoration and fit-out. In 2015, KH3 became interested in attracting a new category of clients setting a new challenge to appeal high profile and high-value corporate clients.

It was the moment that the KH3 strategic team saw that although the business was doing well, they needed to work on their efficiency and cut out the excess. That was when they enlisted for the BLP.

Through the BLP, KH3 has learned that leadership success is not automatic but deliberately nurtured. Additionally, they have learned the importance of goal setting, planning and forecasting. They also reveal that the programme has helped them understand their areas of strength and weakness.

Since joining the BLP, the team noticed that things have improved. Kweku says, “Applying what we have learned we changed the way we work; scrutinizing expenses more effectively to ensure we get value for monies spent has helped reduce leakages in our revenue pipeline.” As a result, salaries have increased by 50%, staff strength has increased from twelve to eighteen, and they even acquired property to serve as their new office and showroom.

Project Specifications

Specifications Key Information
Sponsor
Invest In Africa
Sponsor Activity
Business Advisory
Technical partner
KH3 Inc.
Technical Partner Activity
Interior Decoration and Fit-out
Project Status
Closed
Country
Ghana
Province
Accra
Town
Labone
Budget
N/A
Key Numbers
+18 Employees
Specifications Key Information
Program
SMEs Ecosystem Development
Beneficiary/Target
African SMEs
Solution
Training, Finance, Network
Key Words
Network, Local SMEs
Impact
SMEs Development
Sector Supported
Construction Sector
Sector Supported Specifications
Labour Market, Local Supply chain, Training
Source Picture
Key Date
2015
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