Stories by PROVIDENCE OBUH

The West Africa Microfinance Conference (WAMIC) 2014 will serve as a road map for agenda setting in the sector, Executive Director, African Centre for Peace Building (AFCOPB), Mr. Korsi Senyo, has said.

Senyo who spoke to Financial Vanguard said: “The 2014 WAMIC is not only going to be one of the biggest gathering of  Microfinance Institutions (MFIs) players  in the West African sub-region but would also present an opportunity to develop a road map to a legislative framework for the sector through a high level panel discussion as we look at the future of the microfinance sector in West Africa.”

He said that the issues facing the microfinance sector calls for a collective efforts and responsibility as it affects not only MFIs operators and their clients but pose a threat to national security.

“This is why AFCOPB, as a peace-building organisation whose basic aim is to solve some of the basic problems of unemployment, lack of credit, poverty, among others that might have otherwise acted as agent of conflict, wish to champion public awareness on the matter and contribute our quota  to solving the problem.”

Some of the conference objectives are to equip participants with the needed skills in managing microfinance businesses, to provide a common platform for the participants to share ideas and resources, to empower businesses with the skills they need to be stronger and also to help participants identify and take advantage of the microfinance business as an emerging market in Africa.

The conference is scheduled to hold on July 23 and 24, 2014, at the Accra International Conference, Accra-Ghana and is being organised by AFCOPB and powered by SenyoGlobal, with the theme:  “Reducing Extreme Poverty through Microfinance”. 

It brings together experts in the microfinance sector, policy makers, investors, legislators and civil society groups to share knowledge and information on best practices in the field and how the sector can be improved to meet its original objectives.