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The 5th Business Forum of Conference on Interaction and Confidence Building Measures in Asia (CICA), 10-11 of November 2016, Astana, Kazakhstan

USAID delivers training to diversify Kazakhstan's economy

August 27, 2014 6:21 pm

USAID’s Diversification of Monotown Economies (DOME) program is helping Kazakhstan's "monotowns"--that rely on a single factory or industry for sustenance--to diversify their economies. The program is helping to create jobs, develop small-scale enterprises and boost entrepreneurship in six "monotowns" in Kazakhstan's Karaganda region. These monotowns depend mostly on metallurgical and coal mining activities.

The DOME program works closely with the Kazakh government's Entrepreneurship Development Fund "Damu" which also implements the Business Road Map-2020 program to promote entrepreneurship in non-oil sectors (through subsidized loans, local business support and support centers).

The DOME and Damu collaboration provides Training of Trainers courses on strategic, planning, financial, marketing, taxes and HR activities for local service provider businesses in these six towns. Hundreds of local entrepreneurs and organizations are then trained by these "trainers" in necessary business skills. This exponential structure of spreading business knowledge boosts and diversifies the local economy, while empowering entrepreneurs in non-oil sectors.

So far, 34 local business consultants have been certified, 77 young entrepreneurs have pitched their ideas in a business case competition, over 114 employees from SMEs have been trained and 5 SMEs have been helped with strategic action plans.

The DOME program will run from July 2013 to July 2016 and is implemented by PYXERA Global.