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Wednesday, September 10, 2008

Cameroon: Local Entrepreneurs Drilled on Business Success

By Christopher Ambe Shu
Worried that many Cameroonians try to do profitable business but end up not succeeding because they lack ,among other things, the how-to go-about -it knowledge, Dr Ernest L .Molua, a young but dynamic economist and University of Buea don has been running a series of seminars intended to produce successful business managers, at all levels. .

Last weekend the Fakoship Plaza Conference Hall in Buea-Cameroon became small as far more than the expected participants turned-up for one of such seminars, organized under the theme “Raising Capital and Financing Your Business.”

Seminar organizer Dr Molua described the come together as “a highly-focused and practically interactive gathering intended to provide in -depth instruction for young and senior entrepreneurs”.

The seminar, attended by about 100 business persons and managers, young and old , was organized under the auspices of Molua International Services and The Entrepreneur Media Group-all outfits with Dr Ernest L. Molua as Chief Executive Officer,CEO.
Picture: Dr Molua at a ceremony donating books to a student as part of his effort to empower Cameroonians
“Our mission is to educate business persons to succeed in their investment ventures”, said Dr Molua, who presented a paper titled “Conceiving a business plan and scientific business management methods”. “If they succeed the pleasure is not only ours, it is also theirs”
He stressed that there was that urgent need for people engaged in business to be updated on the right ways to success.
Dr Molua advised the participants on the merits of partnership in business.

“Partnership is very impotant.But choose the right partners. Your partnership must be legal so that nobody should be exploited by another”

Other presentations included: ‘Sourcing for finance for your business by Bang Carlson, manager, Buea Police Credit Union and “Applying for a Business Loan’ by Buea Branch Manager of Loans and Savings Microfinance (GECEFIC)
A business consultant, Loius Tazifor, was also present to provide free advisory services to participants on record keeping and accounting for profit
At the end of the one-day seminar, participants addressed a word of thanks to the seminar organizer for thinking about them and helping to improve their lot.
“There are very few people like Dr. Molua in the world today who would freely give their knowledge to others. We are grateful to him, for we learned much at the seminar”, said one participant.
Dr Molua promised to continue running more of such seminars as part of his contribution to the empowerment of Cameroonians and to nation-building.

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