The Gambia Chamber of Commerce and Industry yesterday launched the country’s first Angel Financing Network at a ceremony held at the GCCI building.
This move came as a development of global entrepreneurship in Africa through business sustainability, wealth creation and employment continues to register tremendous result.
The initiative is designed to create a formidable entrepreneurship landscape in enhancing business skills amongst the youths to be able to support youths, and come up with mentorship programmes that will drive investors to play a significant role in the betterment of the Gambian economy.
Welcoming the gathering, Sarata Conateh, a member of GCCI team, said the main objective of the initiative, is to combat the fundamental challenges in society in ensuring affordable and accessible finances for SMEs.
The GCCI Angel Financing Network, according to her, will help solicit and identify a platform where young entrepreneurs can network and source funds for their businesses.
Abdoulie M Touray, Global Entrepreneurship Week National Coordinator, expressed appreciation to the team for a wonderful initiative, which he said, will help contribute to youths empowerment and economic development.
Touray called on the team to continue the momentum in advocating for wealth creation.
In their power presentation on Angel Financing Network, Aji Fatou Gaye and Mam Sai Nyan, gave an in depth view regarding the objectives of the initiative and means of implementation to reach out to their targeted groups.
Some of the major challenges highlighted in the presentation are; inadequate education, lack of networking and leadership skills among others.
The initiative, according to officials, is meant to encourage entrepreneurship amongst youths; strengthen access to finance by providing alternative sources of funding; enhance business education, networking skills and mentorship through knowledge transfer from investors to young entrepreneurs among others.
by Alpha M Kamara