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
How small businesses can navigate global...
Micro, small, and medium-sized enterprises represent the vast majority of businesses worldwide and are vital to global employment, yet they ...
Equipping SMEs with the skills to...
SMEs and entrepreneurs heavily depend on skills to stay competitive and face greater challenges than larger firms in accessing and retaining...
The future of entrepreneurship with AI
AI-native startups are redefining the nature of entrepreneurship through accelerated scaling. With leaner teams, evolving funding dynamics, ...
