News & Events
12/06/2019 - The African Development Bank and the Fund for African Private Sector Assistance (FAPA), a multi-donor trust fund financed by the Governments of Japan and Austria, today launched the African Agri-Business Engine (AABE) in Malabo. FAPA provides grants for technical assistance activities in Africa, and is one of the components of the Enhanced Private Sector Assistance (EPSA) initiative hosted at the African Development Bank.
21/09/2018 - The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has approved a grant of US $1 million to Liberia, to provide technical assistance to its fast-growing wood processing industry.
13/07/2018 - The African Development Bank, through its Trade Finance operations, and Afreximbank today signed a Grant Agreement to support the development of factoring (a form of debtor finance in which a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount) on the continent. This is a big step towards both institutions’ unrelenting drive and commitment to continue enabling extra and intra-Africa Trade.
02/07/2018 - Leveling the playing field for Small and Medium-sized Enterprises (SMEs) in Africa is one of FAPA’s (Fund for African Private Sector Assistance) priority goals. To achieve this objective, FAPA donors have approved four projects worth US $3.9 million, bringing the total number of FAPA approved projects to seven and the cumulative grant amount to US $6.4 million since the beginning of this year.
08/06/2018 - A Mozambican delegation headed by Economy Minister Adriano Maleiane participated in the African Development Bank’s Annual Meetings in Busan, Korea, a key conference on economic affairs for the continent at which Finance Ministers from the Bank’s 80 Member States meet with academics, development partners and civil society organizations.
24/05/2018 - On the sidelines of the African Development Bank Annual Meetings in Busan, Korea, the Fund for African Private Sector Assistance (FAPA) (link is external) donors and the African Fertilizer and Agribusiness Partnership (AFAP) have signed a grant agreement in support of local supply and utilization of fertilizer by smallholder farmers in Africa.
06/04/2018 - 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.