Fund for African Private Sector Assistance Approves Three Projects to Spur SME Development in Africa

April 6th, 2018 – Donors to the Fund for African Private Sector Assistance (FAPA) – consisting of the African Development Bank, the Government of Japan and the Government of Austria – have approved three catalytic projects totaling US $2,480,000 to stimulate the growth of Africa’s small and medium enterprises.

These grants will help strengthen the participation of Africa’s SMEs in financial markets and the agriculture sector.

“These three projects are well aligned with FAPA’s core mandate of supporting private-sector development in Africa, a key strategic priority of the African Development Bank. They augur well for job creation in Africa,” said Olivier Eweck, Director of the Syndication, Co-financing and Technical Solutions Department at the African Development Bank, and Chair of the FAPA Technical Committee.

More…https://allafrica.com/stories/201804090827.html

Read the original article on African Development Bank
Photo:aufoundationafrica

Related Post

thumbnail
hover

The European Blockchain Partnership Finds Europe...

October 14th, 2018 – On April 10, 2018, 21 EU member states and Norway signed up to create the European Blockchain Partnership. Includ...

thumbnail
hover

Southeast Asia is Ripe For a...

12th October, 2018 – Southeast Asia’s rapidly rising internet and smartphone penetration rates means that cashless solutions will ma...

thumbnail
hover

Using tech to unlock markets for...

14th October, 2018 – African spending is projected to reach $6.7 trillion by 2030, with some reports indicating a $2.1 trillion consum...