Karim Traoré reassures public opinion on transparency in fund management

by time news

2023-09-03 23:25:26

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The Director General of the Agency for the Promotion of Community Entrepreneurship (APEC), Karim Traoré, shed light on the community entrepreneurship program by popular shareholding, this Sunday, September 3, 2023, during a interview granted to the RTB.

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On June 12, the president of the transition, Captain Ibrahim Traoré launched the community entrepreneurship program through popular shareholding. Two months after this launch, actions are already perceptible on the ground. To give an overview of the evolution, the director of the agency for the promotion of community entrepreneurship, Karim Traoré spoke at the microphone of the RTB.

At first, he enlightened the public opinion on the procedure and the modality which concerns the return on their investment. ” Some communications have made believe that it is monthly income, it will start very quickly, we will have profits… I would like us to remember once and for all that this is an investment and not an investment.

Here, like any investment, the faster you mobilize the capital, you will make the investments that will start to produce, and the financial return on investment will only occur when you start to generate profits, and the profit does not come there. first year, probably not the second year, but from the third year… We want people to understand that it’s not a question of putting in 100,000 Francs today and believing that from January start reaping a return on investment “, he clarified.

Secondly, Karim Traoré reassured subscribers about transparency in the management of these funds. “Today, all those who wish to know the beginning of the traceability of the funds which are paid at our level until the establishment of the companies, we can do it. Another element of transparency is to truly ensure that the Burkinabè can feel on the ground directly the efforts they have been able to make in terms of financial mobilization, through popular entrepreneurship.

Source: 8 p.m. news from RTB, Sunday September 3, 2023

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