The Bosch Power Box (BPB) in Nigeria will increase the success it has already established in Sokoban Wood Village, Kumasi Ghana, launched in 2016. German-based multinational, Bosch Group (www.Bosch.com), is set to bring the BPB concept to African artisans, the informal sector, often the driving force of African economies.
This is a revolutionary initiative designed to create, up-skill and grow small businesses and bring them into the formal, mainstream economy. It is a long-term project designed to foster entrepreneurship and ensure a smooth transition for small businesses from the informal to formal sectors. Each BPB has managers, technical staff and trainers, all of whom have received dedicated training from Bosch.
In essence, Nigerian artisans will now be able to buy, lease or rent the very latest power tools developed by the world’s market leader and to be used at Bosch Power Boxes. This will contribute a significant improvement in the quality of the products manufactured, while increasing efficiencies. This will assist Nigerian artisans in growing their businesses.
Bosch Group has ambitions and plans of establishing ten Bosch Power Boxes with Nigeria being next in line.
Since its launch in Kumasi, artisans have been visiting the BPB to purchase products and services offered by Bosch, while 50 have registered for training. One can only imagine how positively this will impact Nigerian artisans.
The concept is 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. Bosch is motivated by a need to play a meaningful role in Africa, in particular by creating more sustainable jobs following the company slogan “Invented for life”.
Dr. Markus Thill, the President of Bosch Africa says, “each Bosch Power Box will also provide courses on product application and safety. Economic prosperity is about creating opportunities from the ground up to benefit individuals, communities, countries and the global community, and this is what we at Bosch aim to do” said Thill.
“Having Bosch is a dream come true in Africa and specifically for us here in Sokoban Wood Village. Artisans did not know before what it takes to build something very fast, they relied only on manpower,” says Kingsley Baafi, Manager at Bosch Power Box in Kumasi.
“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 with Equity Bank, these entrepreneurs will receive financial training and budget management assistance,” said Benjamin Ofori, Regional Sales Director of Bosch Power Box.
“At Bosch, we want to use our resources and expertise in developing countries to improve skills, create economic opportunities and growth at a micro level, providing world-class services at affordable prices and improving the lives of all citizens.”Distributed by APO on behalf of The Bosch Group.
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Bosch is continuously increasing its footprint in Africa:
Bosch (www.Bosch.com) has been present in Africa since 1906, at present in ten African countries: South Africa, Egypt, Morocco, Kenya, Angola, Mozambique, Algeria, Nigeria, Ghana and Tunisia. Depending on future business development, the company plans to increase this number in the next years. All four Bosch business sectors – Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology – have operations on the continent. In 2015, Bosch generated sales of some 470 million Euros with more than 760 associates in Africa.
Corporate social responsibility in Africa:
Bosch actively promotes talented young people in sub-Saharan Africa. In 2008, it was one of the initiators of Afrika kommt! (www.Afrika-Kommt.de), an initiative of German industry for junior managers from sub-Saharan Africa. Since 2008, Bosch has been part of a group of some 20 companies who offer scholarships to African junior executives so that they can spend a year in Germany completing a professional training programme. Since then more than 58 young African have been selected for the programme. The goal of the programme is to foster mutual exchange and learning between budding African executives and German companies.
In the spirit of its founder, Robert Bosch, the company is committed to encouraging and fostering entrepreneurship, innovation and contribution to society at large. Bosch has been a proud sponsor of the 2015 All Africa Business Leader Awards (www.AABLAwards.com), hosted by CNBC Africa, recognising the continent’s outstanding leaders.
The Bosch Group at a glance:
The Bosch Group (www.Bosch.com) is a leading global supplier of technology and services. It employs roughly 375,000 associates worldwide (as of December 31, 2015). The company generated sales of 70.6 billion euros in 2015. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers some 150 countries. The basis for the company’s future growth is its innovative strength. Bosch employs 55,800 associates in research and development at roughly 118 locations across the globe. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”
The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.
Additional information is available online at www.Bosch.com, www.Bosch-Press.com, http://Twitter.com/BoschPresse.