The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB), has conducted a capacity-building training workshop on leadership and change management for the Gambia National Water and Electricity Company (NAWEC).
The workshop was conducted within the framework of ITFC’s Integrated Trade Solutions (ITS) under the leadership of the Corporation’s Trade and Business Development (T&BD) Department. Having identified several development issues, challenges, and opportunities that considerably affected NAWEC’s growth, the workshop was designed to strengthen the Company’s strategic leadership, corporate governance, and change management processes. Specially tailored three training sessions on “Corporate Governance with Focus on Financial Reporting”, “Financial Planning, Cash Management and Forecasting”, and “Strategic Formulation and Execution, Change Management” were conducted from 6 to 21 December, 2023, in The Gambia.
Commenting on the training workshop, the CEO of ITFC, Eng. Hani Salem Sonbol noted, “ITFC's Integrated Trade Solutions framework demonstrates its leadership position to drive capacity-building for critical companies in the economic development sector. Therefore, we are pleased to support NAWEC as the Company seeks to contribute to The Gambia's economic development. Nurturing trade development offers enormous potential to enhance economic prosperity across OIC Member Countries.”
The workshop's outcome showcased participants’ improved skills in efficiency and productivity level through systematic planning, management, and communication among NAWEC’s departmental teams. Ultimately, the workshop helped enhance human capacity in key strategic areas such as providing services, finance administration and management, and corporate relations and governance.
Speaking on the impact of the workshop NAWEC’s Managing Director, Mr. Nani Juwara, said “This training in strategic management is a significant opportunity as it plays a critical role in our ongoing transformation as we strive to become the company that all Gambians desire. ITFC has been a vital partner to us over the years, providing crucial financial support for our operations through medium-term loans and we deeply appreciate their continued support."
The training workshop was aligned with the United Nations Sustainable Development Goals (SDG), including Number 8: Decent Work and Economic Growth, and Number 17: Partnership for the Goals. Senior managers and supervisors in the leadership and management team attended the capacity-building workshops, benefitting about 50 selected staff members.
Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).
Contact Us:
Tel: +966 12 646 8337
Fax: +966 12 637 1064
E-mail: ITFC@itfc-idb.org
Follow us on:
Twitter: https://apo-opa.info/3kcMImO
Facebook: https://apo-opa.info/3I8gGAv
LinkedIn: https://apo-opa.info/3ECQEEL
About the International Trade Finance Corporation (ITFC):
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving socio-economic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided US$ 75 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.
Latest Stories
-
Half of Americans oppose immigrant detention camps, Reuters/Ipsos poll finds
10 mins -
My ‘Brag’ song not a ‘jab’ to Davido, Wizkid and Burna Boy – Sarkodie
15 mins -
TCL Electronics introduces the latest QD-Mini LED TV and smart home appliances in Istanbul
17 mins -
‘Your election has rekindled hope for the youth, especially in Ghana’ – Akufo-Addo to Senegal’s Faye
41 mins -
Forex barrier broken as Brij Technologies demos currency swap at Africa 3i Summit
59 mins -
Chidi Odinkalu: Judges and political mating games
1 hour -
UK’s post-Brexit border arrangements to cost $6bn
1 hour -
Dominican Republic president declares himself winner in election
1 hour -
Labourer convicted for stealing mobile phone
2 hours -
Let’s appreciate progress made under Fourth Republic – NCCE
2 hours -
Apple slashes iPhone prices in China amid fierce Huawei competition
2 hours -
Dr Dwomoa Adu, the first black Consultant Nephrologist in the UK
2 hours -
US to complete withdrawal from Niger by Sept. 15
2 hours -
Global Media Alliance donates to Korle Bu NICU to mark Mother’s Day celebration
2 hours -
Iran declares five days of mourning for President Ebrahim Raisi
2 hours