The International Trade Centre (ITC) has signed a five-year Memorandum of Understanding (MoU) with Pamela Steele Associates Ltd (PSA). The partnership agreement formalizes the cooperation between the two organizations to develop relevant e-learning courses on supply chain management and promote its best practices with a focus on small businesses in Ethiopia, Kenya and Nigeria.
Procurement costs represent up to 60% of a company’s overall supply chain budget. It is therefore important for small businesses to focus on ways to reduce costs and improve performance, which will lead to substantial savings, competitive benefits, and increased profits. The collaboration affirms the company as a strategic partner in supply chain management for the International Trade Centre within the region.
Small businesses struggle to grow due to lack of capital and a limited access to supply chain skills development. This partnership could not have come at a better time when African countries have just signed a continental trade agreement.