Formulating, Financing & Monitoring SMEs

About the Book

The Book Is Structured Into Two Major Parts
These Two Parts are subdivided into a total of Fourteen Chapters

The first part deals with concepts, professional skills, definitions, procedures, identification of promising enterprises, and styles of formulation of rather technical materials meant primarily for presentation to [usually] very sceptical financial institutions. This part covers what are often glibly referred to as Feasibility Studies and their derivatives captioned in the book as Project Profiles or Project Prospectuses.

This part further explains how the construction of a skilful combination of the feasibility study with these derivatives could be done. It goes on to show why the derivatives themselves should, sometimes, cover both the financial and economic analysis of the project being considered. As part of this special formulation, the text proceeds to deal, in some detail, with both profitability and liquidity assessment of the enterprise as well as with the classifications, legal definitions, uses and implications of specified proprietary and debt financial instruments.

The second part deals with issues pertaining to the other remaining 'project cycles'. These cover actual negotiations with the financial institutions specified in the text as well as with all relevant procedural issues, legal commitments, disbursement of fund to projects, post-disbursement and project supervision problems.

This second part ends with a special commentary on Small And Medium Scale Enterprises [SMEs]. This last section on SMEs deals with issues relating to their generally dynamic or wild-goose-chase-like definition, operational and growth problems, and special importance in the national economy. It deals also with all the conventional, and perhaps not too conventional, incentives, which SMEs badly need in order to prosper. Their often-desired symbiotic relationship with one another, as well as mutually beneficial catalytic linkage with bigger enterprises, which is necessary for sustainable national development, is also adequately addressed.

About the Author

Gabriel C. Akwaeze has written several books on business including 'Practical Steps In RAISING BUSINESS FINANCE FROM BANKS' which has now been completely reset, expanded and given the new title of Formulating, Financing & Monitoring SMEs. His 'Letters Of Credit', 'Partnership With Expatriates' and 'Business Agreements' which used to form part of 'Practical Steps...' are now independent titles which are extremely popular with readers. Ichie Akwaeze read Economics at the University of Hull in England where he obtained Honours Degree in the subject. Thereafter he qualified as a Chartered Accountant in the United Kingdom, after serving three post-graduate years of' Articles Of Clerkship' in keeping with Great Britain's highbrow tradition for admission into that profession. He is now a Fellow of The Institute of Chartered Accountants In England And Wales and maintains a professional office as a Chartered Accountant in the City of London. He worked with the Commonwealth Development Corporation [CDC] in its offices in Nigeria and rose to the position of Deputy Chief Executive in one of the two Dfcs [Development Finance Company Limited], which were partly owned, but solely managed, by the Corporation in partnership with government interests in the country. His basic professional experience in business projects appraisal skills was acquired from CDC which sent him to The World Bank sponsored most competitive [by selection] intensive training at the Bank's Economic Development Institute [EDI] in Washington DC, USA. He is a Fellow of the World Bank's EDI [now WBI] His training took him to different parts of the world including Canada and India. His career includes part-time University lecturing in Nigeria. In 1973 he abandoned an offered very senior position in the African Development Bank [ADB] in Abidjan, Cote d'Ivoire, in order to serve another Dfc in Nigeria [NBCI] where he rose to the level of Managing Director/Chief Executive, a position he held for nearly a decade. He also had a break in his career to serve Nigeria as a Federal Commissioner [Minister] and Member of the country's Federal Executive Council. He has served and continues to serve as either Member or Chairman of many major commercial and non-commercial organisations. He is also a Life Member of Ikoyi Club, Lagos.

His Hobbies Include Listening to Western Classical and Original Traditional African Music, Piano Playing, Writing, Bird-Watching and Quiet Life.