KIC Business Booster builds capacity for MSMEs and Farmer-Based Organizations

Kosmos Innovation Center (KIC) has successfully rolled out a nationwide Business Booster Training for equipping Micro, Small, and Medium Enterprises (MSMEs) in Ghana’s agribusiness sector and Farmer Based Organizations with essential business skills to enhance growth and sustainability. The program, designed to strengthen targeted MSMEs and Farmer Based Organizations, has provided practical training in business planning, financial management, risk mitigation, marketing, and investment readiness.

The training sessions, held across multiple regions, have drawn significant participation, particularly from female-led businesses. The training for this cohort will target over 250 MSMEs and FBOs across the country. So far, more than 62 MSMEs have been trained through intensive capacity-building sessions and workshops tailored to their business stages. Expert facilitators led the training, ensuring that participants not only gained knowledge but also developed actionable strategies for scaling their enterprises.

A key feature of the program is its personalized approach. MSMEs were categorized into distinct groups, allowing for targeted training based on their unique challenges and growth potential. Beyond the workshops, KIC is committed to providing five months of post-training coaching and support, reinforcing lessons learned and assisting businesses in overcoming operational hurdles.

Speaking at the training, KIC’s Executive Director, Mr. Benjamin Gyan-Kesse, emphasized KIC’s dedication to nurturing agribusiness entrepreneurs. “Our goal is to equip MSMEs with the tools and knowledge necessary to build resilient and scalable businesses. This program is a testament to KIC’s commitment to fostering sustainable growth in Ghana’s agribusiness sector,” he stated. As KIC continues to drive innovation and entrepreneurship, the Business Booster Training is poised to create long-term economic impact, strengthening MSMEs and positioning them for success in competitive markets.

Participant Testimonials

Many participants expressed their gratitude for the training, highlighting its transformative impact on their businesses.

Christabel Ansah, a participant from Accra, shared, “Before this training, I struggled with financial management. Now, I understand budgeting, record-keeping, and how to position my business for investment. This program has given me the confidence to take my business to the next level.”

Ernest Obimpeh, Founder of Focus Farms, remarked, “The training on risk management and accessing finance was eye-opening. I now have a clear plan to manage business risks and secure funding. The facilitators provided practical insights that I can immediately apply to my business.”

With continued support from KIC and Mastercard Foundation, these MSMEs and FBOs are expected to leverage the knowledge gained to enhance their businesses, create employment opportunities, and contribute to Ghana’s growing agribusiness ecosystem.