United Bank for Africa (UBA) has held a Micro Small and Medium Enterprises (MSME) capacity training in Onitsha, Anambra State, profiting about 400 small and medium scale business entrepreneurs.
The beneficiaries were trained in record keeping, cost reduction, stock compiling, financial and taxation planning, maximising opportunities, financial planning and projections.
UBA’s Regional Head of Anambra II, Anyanuno Ozioma, who flagged off the MSME training, said the capacity development workshop was intended to add value to customers’ businesses through improving their knowledge and skills.
He said it was also conceptualised to fill the existing gaps observed in business and allay beneficiaries’ hitherto fears of expanding their businesses.
“Modern day business requires that an average businessman regularly updates his knowledge to cope with the changing economy. Besides, this is an internet/ technology driven age and our customers need to learn new ways of doing business and how to package their businesses for increased patronage,” he said.
Mr Anyanuno added that the turnout was a demonstration of the bank’s acceptance by the traders and the importance they attached to the workshop.
He promised a repeat of the exercise to accommodate more people.
Head of E-banking, Babatunde Ajayi, said the programme was part of the bank’s Corporate Social Responsibility (CSR) in furtherance of its responsiveness to customers’ needs while also assuring that the bank was 100 per cent committed to the overall growth and success of its customers.
Entrepreneurs who spoke after the training commended and appreciated UBA for the novel initiative which they said was what their businesses needed to succeed.