Fund for African Private Sector Assistance

30-Jul-2015

AfDB SME Program: Enhancing Inclusive Growth and Job Creation in Burkina Faso

The African Development Bank Group (AfDB) and Fidelis Finance signed  on 30 July 2015 a loan agreement for the equivalent of EUR 2.5 million under the Africa SME Program on July 30, 2015 to support SMEs in Burkina Faso. Fidelis Finance S.A. is one of the Burkina Faso’s fastest-growing leasing companies with a strong focus on SMEs. Fidelis Finance offers a wide range of products including operating lease, finance lease, factoring, medium-term loans and short-term credits for SMEs in Burkina Faso. The Line of Credit (LOC) with an amount of EUR 2.5 million will support SME projects in...
27-Apr-2015

Fund for African Private Sector Assistance provides equity to Africlear Global to improve Securities Market Infrastructure in Africa

The Fund for Africa Private Sector Assistance (FAPA) hosted by the African Development Bank (AfDB) signed on March 5, 2015 in Abidjan a seed equity investment of US $400,000 to Africlear Global. The goal of the investment is to enhance the efficiency of capital markets by supporting the modernisation of central securities depository infrastructure in African securities markets. Africlear Global is a company initiated by two African central securities depositories, namely Central Depository and Settlement Corporation (CDSC) Kenya, and Central Securities Clearing System Ltd. (CSCS...
04-Mar-2015

African Development Bank SME Program: Enhancing Inclusive Growth and Job Creation in Zambia

The Board of Directors of the African Development Bank Group (AfDB) through its private sector window approved on March 2, 2015 a US $3 million line of credit (LoC) equivalent in the local currency (Zambian Kwacha) to Madison Finance Company Ltd. Madison Finance Company (MFC) is a rapidly growing financial institution targeting local small and medium enterprises (SMEs) in Zambia by offering various financial products and services such as term loans, leasing, invoice discounting and insurance. MFC is gradually increasing its SME portfolio share targeting 30% by end 2015, with plans to reach...
13-Jan-2015

Fund for African Private Sector Assistance to support micro, small and medium enterprises in the Seychelles

A US $1 million Fund for African Private Sector Assistance (FAPA) grant agreement to finance the Seychelles MSME Development Project, was signed on Monday, December 29, 2014, between the African Development Bank (AfDB) and the Government of Seychelles. Pierre Laporte, Minister of Finance, Trade and Investment, and Gabriel Negatu, Regional Director for East Africa, signed on behalf of the Government of Seychelles and the Bank, respectively. The Seychelles MSME Development Project is aimed at enhancing the growth of Seychelles MSMEs, in order to promote inclusive growth through addressing...
26-Nov-2014

African Development Bank to Support Business Linkage Program in Ghana

African Development Bank (AfDB) on Wednesday, November 26, 2014 signed a US $1 million Fund for Africa Private Sector Assistance (FAPA) grant agreement with Invest in Africa (IIA) to support a three-year Business Linkage Program in Ghana. Multinational Corporations/SME Business linkages are potentially one of the fastest and most effective ways of upgrading African domestic enterprises, facilitating the transfer of technology, knowledge and skills, improving business and management practices and facilitating access to finance and markets. Under the AfDB/FAPA Ghana Business Linkage...
14-Nov-2014

African Development Bank to contribute to food security in 11 countries

The African Development Bank (AfDB) and the Alliance for a Green Revolution in Africa (AGRA) Kenya have signed on November 14, 2014, in Nairobi, a grant agreement to support the growth and formalization of 54 African seed companies in eleven countries. The Fund for African Private Sector Assistance (FAPA) managed by the Bank has provided US $1 million to fund a technical assistance project in the form of Business Development Services for the 54 seed companies. This technical assistance project will help the seed companies increase their production of quality seeds for rural farmers ultimately...
24-Apr-2014

AfDB SME Program: Enhancing Inclusive Growth and Job Creation in Africa

The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a US $9 million line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco. Moza Banco S.A. is one of Mozambique’s fastest-growing financial institutions with strong focus on SMEs. Moza Banco is actively present in almost all of Mozambique’s 11 provinces with business including (i) corporate, (ii) SMEs and (iii) retail. The LOC will support SME sub-projects and these are well-diversified spanning all economic sectors including...
16-Jan-2014

Don du FAPA : 491 150 $ pour identifier des projets de ports en PPP

Les bailleurs du Fonds d'assistance au secteur privé africain (FAPA) ont approuvé, le 19 décembre 2013, l’octroi d’un don d’assistance technique d’un montant de 491 150 dollars EU. Ce, pour aider le Département des transports et des TIC (OITC) et le Département des opérations du secteur privé (OPSM) de la Banque à identifier les opportunités d’investissement et les épauler dans les interventions spécifiques liées à la sélection de projets portuaires en partenariat public-privé (PPP), incluant le financement et des prestations de conseil. L’étude contribuera à accélérer l’...
18-Dec-2013

AfDB and Rwanda sign financing agreements to support skills development in the energy sector and local government revenue mobilization

The African Development Bank (AfDB) and Government of Rwanda signed on Monday, December 16, 2013, in Kigali, two financing agreements to support skills development in the energy sector and local government revenue mobilization. The Fund for African Private Sector Assistance (FAPA) has provided US $800,000 to support the development of critical skills in the energy sector in line with the Government’s objective of increasing the energy generation capacity from the current 110.8 MW to 563 MW by 2017-2018. The technical assistance for skills development in the energy sector is a joint operation...
18-Oct-2013

AfDB grants VoLo US $284 500 for credit bureau initiative in Senegal and The Gambia

The African Development Bank (AfDB) and VoLo signed on Friday, October 18 a grant agreement amounting to US $284,472 to facilitate financial inclusion and improve the efficiency of micro, small and medium-sized enterprises (MSMEs) financing in Senegal and The Gambia through the piloting of an innovative technology-based solution for collecting and disseminating credit information on MSMEs to prospective creditors. This innovative project will enhance the region’s financial structures by improving credit information, thereby ultimately fostering access to lending for local entrepreneurs....
22-Jul-2013

The AfDB SME Program Approval: Boosting Inclusive Growth in Africa

The Board of Directors of the African Development Bank (AfDB) approved today the Africa Small and Medium Enterprises (SME) Program, a four-year, US $125-million funding program combined with a US $3.98-million technical assistance package granted by the Fund for African Private Sector Assistance (FAPA), aiming at supporting micro, small and medium enterprises (MSMEs) in Africa. The program will provide standardized lines of credit (LoCs), mostly in local currency, and technical assistance to targeted financial institutions, predominantly in low-income countries spread over all five African...
06-May-2013

AfDB’s African Financial Markets Initiative launches website on African local currency bond markets

The African Financial Markets Initiative (AFMI), managed by the African Development Bank (AfDB), will launch its website www.africanbondmarkets.org on May 6, 2013. The AFMI website is designed to be a knowledge management and information dissemination tool to raise awareness and understanding of African local currency bond markets. There are three types of data and information to be disseminated through the website: (i) dynamic high frequency data from Thomson Reuters; (ii) macroeconomic debt and governance indicators, updated on a monthly, quarterly and annual basis; and (iii) data and...
08-Apr-2013

La BAD soutient l’accès au crédit pour les micro, petites et moyennes entreprises en RDC

Les opérations du secteur privé de la BAD et le Fonds d’assistance au secteur privé africain (FAPA) appuient Advans Banque Congo (ABC), dans ses efforts de financement des micro, petites et moyennes entreprises (MPME) à Kinshasa en République démocratique du Congo (RDC). Un défi, prêt à être remporté grâce au soutien de la BAD, qui vise à favoriser l’inclusion financière, réduire la pauvreté, améliorer la croissance des MPME et à créer des emplois.
04-Mar-2013

AfDB and EBID Sign a US $950,000 Technical Assistance Grant

The African Development Bank (AfDB) and the Investment and Development Bank of the Economic Community of West African States (EBID) signed today a grant agreement amounting to US $950,000 to strengthen the EBID institutional capacities. The signing ceremony, held during the inauguration of the AfDB national office in Togo, was chaired by Serge N’Guessan, AfDB Resident Representative in Togo, and Bashir Ifo, EBID President.  This grant, provided from the Fund for African Private Sector Assistance (FAPA), funded by the Government of Japan, the AfDB, the Austrian Development Bank and the...
22-May-2012

AfDB sponsors Fund of funds for Agribusiness in Africa - Board Approves Equity Investment of USD 100 million in Agvance Africa

The Board of Directors of the African Development Bank Group (AfDB) approved on 16 May in Tunis, an equity investment of USD 100 million to Agvance Africa, the first agribusiness-focused Fund of Funds on the African continent. The strategic objective of Agvance Africa is to increase private investment flows into the agribusiness sector on the continent to address growing food security concerns and unleash the largely unexploited potential of African agriculture and agribusiness sectors. The approval of Agvance Africa comes as African agriculture and food security gain increasing prominence...
22-Nov-2011

AfDB eases funding for small to mid-sized firms in Mauritania

The African Development Bank (AfDB) and finance company, Mauritania Leasing, signed an agreement on 15 November in Dakar for a grant of USD 365,000 provided by the Fund for African Private Sector Assistance (FAPA) to help finance small and medium-sized enterprises in the country. Mrs. Leila Mokaddem, the Resident Representative at the Senegal Regional Office, represented the AfDB  and Mr. Ebe Ould Ebe, Mauritania Leasing Executive, represented the partner at the ceremony. FAPA’s technical assistance will help build Mauritania Leasing’s capacity in promoting the provision of...
17-Nov-2011

AfDB signs USD 12 million line of credit with Bank of Kigali

The African Development Bank (AfDB) and the Bank of Kigali today signed a USD 12 million line of credit and a USD 500,000 grant agreement for technical assistance from the Fund for African Private Sector Assistance (FAPA).  The AfDB’s line of credit will improve the Bank of Kigali’s liquidity and improve its ability to support key economic sectors, such as infrastructure, manufacturing, agri-business and tourism. As well as boosting economic growth, the line of credit will generate employment and business opportunities, especially for micro-, small- and medium- enterprises. The...