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1<br />
A n n u a l R e p o r t 2 0 0 7<br />
Morocco<br />
Western<br />
Sahara<br />
Mauritania<br />
Senegal<br />
Senegal<br />
Gambia<br />
Guinea-Bissau<br />
Guinea<br />
Sierra<br />
Leone<br />
Liberia<br />
Cote<br />
d’Ivoire<br />
Mali<br />
Burkina Faso<br />
Algeria<br />
Togo<br />
Ghana<br />
Benin<br />
Nigeria<br />
Tunisia<br />
Niger<br />
Equatorial<br />
Guinea<br />
Gabon<br />
Cameroon<br />
which undermines the development of local financial<br />
sectors and serious commercial providers of<br />
financial services.<br />
In many African countries there is also a shortage<br />
of qualified individuals. Our staff are the<br />
key to our success in Africa as elsewhere in the<br />
ProCredit group. We have a great need for loan<br />
officers and client advisers, co-ordinators, branch<br />
managers, and qualified head office staff, but it<br />
is hard to find suitable personnel. Furthermore,<br />
companies compete strongly for the few skilled<br />
members of the local workforce, often driving up<br />
the “price” of such individuals to unaffordable<br />
levels. In this context, we have chosen to develop<br />
and train our professional staff ourselves and are<br />
investing a great deal in the training process by<br />
establishing training programmes and encouraging<br />
seminars and workshops within the ProCredit<br />
Libya<br />
Congo<br />
Chad<br />
Central African<br />
Republic<br />
Democratic<br />
Republic<br />
of Congo<br />
Sudan<br />
Uganda<br />
Rwanda<br />
Burundi<br />
Ethiopia<br />
Kenya<br />
Angola Malawi Mozambique<br />
Zambia<br />
Namibia Botswana<br />
South Africa<br />
Egypt<br />
Zimbabwe<br />
Swaziland<br />
Lesotho<br />
Tanzania<br />
Eritrea<br />
group. Even though such training takes a great<br />
deal of time, we are proud of the results and are<br />
convinced that it is the right strategy.<br />
At the end of 2007, we had more than 1,300 dedicated<br />
staff members managing 239,000 deposit<br />
accounts and disbursing 5,000 loans per month.<br />
We have a good team in Africa and a strong platform<br />
on which we can build. We will continue to<br />
invest heavily in training and expansion. In 2007,<br />
we established a regional training academy in<br />
Africa that provides three months of intensive<br />
training for middle managers. Our plans going<br />
forward are ambitious, and Africa will remain the<br />
fastest-growing region in the group. We look forward<br />
to steadily expanding the branch network<br />
and our outreach to clients, bringing much-needed<br />
access to financial services to people across<br />
the region.<br />
Somalia<br />
Madagascar
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