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
EU Single Market Report Flags Persistent...
The European Commission has published its sixth Annual Single Market and Competitiveness Report, drawing on 29 key performance indicators to...
South African SMEs: Navigating the Path...
The State of South African Small Business 2025 report highlights that SMEs are increasingly the backbone of the national economy, with 83% r...
Energy Prices and Their Impact on...
The structural disparity in electricity costs when compared to the European average is a growing concern for micro and small businesses thro...
