German market leader to bolster socio-economic growth in region
Thousands of tradesmen and artisans to benefit through access to latest technology

German market leader to bolster socio-economic growth in region

  • Ten Power Boxes to be established
  • They can now buy, rent or lease equipment while receiving technical and safety training in addition to microfinancing and financial literacy
  • Programme to ensure improvement of livelihood

A mini industrial revolution in Ghana is expected to gather apace with the launch of the Bosch Power Box initiative in the Kumasi region in Ashanti on 29 June 2016

Thousands of tradesmen and artisans to benefit through access to latest technology

Members of the royal household, His Royal Highness Asantehene Otumfuo Osei Tutu II, captains of industry as well as commercial banks and development agencies, representatives of the ministries of employment and trade and industry and small-scale tradesmen and craftsmen will be present to bear witness to one of the most ground-breaking business initiatives launched in the country.

The Bosch Power Box concept is developed by Bosch Power Tools, a division of the German-based Bosch Group, a leading supplier of technology and services and seeks to bolster socio-economic growth and prosperity.

Bosch is creating central hubs across the country to assist the thousands of tradesmen and artisans - including plumbers, carpenters, welders, electricians and artisans - in growing their business through providing access to the very latest in technology as well as technical training and micro-financing.

In essence, they will now be able to buy or rent the very latest power tools developed by the world's market leader and to be used at these central hubs Bosch Power Tools develops over 100 new products every year and generated sales of 4.5billion euro ins 2015.

Kumasi is the first of an anticipated 10 to be established. The very first Bosch Power Box was inaugurated in Juakali August 2015

Each Bosch Power Box will boast managers, technical staff and trainers, all of whom will receive training from Bosch as part of its skills transfer programme.
Service and repair facilities will be available and Bosch spokesman Mr. Vonjy Rajakoba, Vice President of Bosch Power tools Africa says “Each Bosch Power Box will also provide courses on product application and safety.“

"We will provide product application services on how they can use the tools correctly, maintain and service them and ensure a prolonged lifespan. Another exciting feature is that, through our partnership, these entrepreneurs will receive financial training and budget management assistance."
Mr Rajakoba says the concept was in line with the company's ethos of not just providing goods and services globally but actively contributing to the socio-economic upliftment of developing nations.

"Ghana is an African powerhouse and its GDP growth rate is expected to reach 6% in 2016. Therefore, as conscientious corporate citizens, we want to play a meaningful part of this success story by contributing to its industrial and manufacturing sectors and that will enable it to meet its full potential."

According to the think-tank, African Economic Outlook, which analyses economic data and trends across 54 African countries, Ghana's economy will be bolstered in 2016 by projected oil and gas production, private sector and foreign direct investment as well as a massive public infrastructure programme. However, one of the perceived stumbling blocks is the provision of energy that can keep pace with development.

And this, says Mr Benjamen Ofori, Regional Sales Director of Power Tools west Africa is also one of the concerns of small business owners who use the BPB. "This is why we have come up with a holistic concept whereby we want to start providing power through the BPB. A major concern is the steady power supply, especially in some of the developing regions. In the next phase we hope to collaborate with solar energy as well as power generator suppliers."

Mr Ofori says the concept is a long-term one designed to foster entrepreneurship and ensure a smooth transition for small business from the informal to formal sectors.

"Economic prosperity is about creating opportunities from the ground up to benefit individuals, communities, countries and the global community. At Bosch we want to use our resources and expertise in developing countries to improving skills, creating economic opportunities and growth at a micro level, providing world-class services at affordable prices and improving the lives of all citizens."

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Contact: Contact person for press inquiries:
Barbara Amuna
Phone +212 673723721

Connie Mtshazo
Vuma Reputation Management
Phone +276 0966 3680

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