ProEmpresa Entrepreneurship Project (2016-2023) - Montrose International

ProEmpresa Entrepreneurship Project (2016-2023)

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Client

Shell

Project Location

Equatorial Guinea

Project Duration

5 years

Total Value

Undisclosed

Value of Montrose Component

Undisclosed

Situation

Equatorial Guinea hosts a very small number of locally owned micro, small and medium-sized enterprises.
The economy is highly dependent on oil revenues and there is limited engagement by Equato-Guineans in other sectors of the economy.
Entrepreneurs face high costs relative to other countries in the region.
There is strong competition from foreign-owned companies and imported products in many sectors.

Solution

Montrose has been contracted to implement a five-year social investment programme focusing on developing base-level entrepreneurs.
The project focuses on identifying and upgrading value chains where there is or can be a high level of participation by Equato-Guineans.
We are providing training, mentoring and business development services and raising the profile of entrepreneurship in Equatorial Guinea.

Impact

Record pineapple sales, exceeding sales and revenue targets.
Harvest management techniques enable farmers to generate a more consistent monthly revenue.
Market Gardens element has increased volume and diversity of crops.
Agricultural equipment has been distributed to ensure farmers can implement better agricultural practices safely and efficiently.
Entrepreneurship Development element provides business training: students qualify for a Business Support Package.
Community Development team implemented rainwater harvesting and improved sanitation for schools.
Children receive de-worming and vitamin A supplementation.