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FAPA News

African Development Bank Boosts Jobs for Youth in Africa Strategy with close to $2 Million

25/09/2018 - The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative.

Categories: Fund for African Private Sector AssistancePrivate SectorJobs for Youth in AfricaFund for African Private Sector AssistanceJobs for Youth in Africa


 Liberia: African Development Bank Approves $1mn to boost Private Sector in Wood Industry

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.

Categories: LiberiaPrivate SectorEnhanced Private Sector Assistance for Africa: EPSA InitiativeFund for African Private Sector AssistanceEnhanced Private Sector Assistance for Africa: EPSA InitiativeFund for African Private Sector Assistance


African Development Bank and AfreximBank sign Strategic Factoring project to support African SMEs

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.

Categories: Private SectorPartnershipsFund for African Private Sector AssistanceTrade Finance ProgramFund for African Private Sector AssistanceTrade Finance Program


SMEs promotion gains traction through FAPA funding

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.

Categories: Private SectorPartnershipsEnhanced Private Sector Assistance for Africa: EPSA InitiativeFund for African Private Sector AssistanceEnhanced Private Sector Assistance for Africa: EPSA InitiativeFund for African Private Sector Assistance


African Development Bank invests in Sudan agribusiness

19/06/2018 - To boost agricultural production and productivity in the Sudan, the Bank approved US $42 million in concessional grants from the African Development Fund to support the National Agriculture Investment Plan.

Categories: SudanFund for African Private Sector AssistanceFund for African Private Sector Assistance


 

Promoting competitive agribusiness in Mozambique

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.

Categories: MozambiqueAgriculture & Agro-industriesEmploymentPrivate SectorPartnershipsFund for African Private Sector AssistanceFund for African Private Sector Assistance


FAPA Donors and AFAP sign grant agreement in support of local supply and utilization of fertilizer in Africa

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.

Categories: PartnershipsFund for African Private Sector AssistanceFund for African Private Sector Assistance


Fund for African Private Sector Assistance approves three projects to spur SME development 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.

Categories: Human Capital DevelopmentPrivate SectorEmploymentPartnershipsEnhanced Private Sector Assistance for Africa: EPSA InitiativeFund for African Private Sector AssistanceEnhanced Private Sector Assistance for Africa: EPSA InitiativeFund for African Private Sector Assistance


Banque africaine de développement : don de 980 000 dollars américains pour le Projet d’appui au développement du marché financier régional de l’Union monétaire ouest-africaine

09/02/2018 - La Banque africaine de développement et le Conseil régional de l’épargne publique et des marchés financiers (CREPMF) ont signé, jeudi 8 février à Abidjan, un accord de don d’un montant de 980 000 dollars américains pour le Projet d’appui au développement du marché financier régional (PADMAFIR) de l’Union monétaire ouest-africaine (UMOA). La lettre d’accord de don, signée par Pierre Guislain, vice-président de la Banque africaine de développement en charge du Secteur privé, de l’infrastructure et de l’industrialisation et Mamadou Ndiaye, président du CREPMF, vise à contribuer à la mise en œuvre d’actions prioritaires du plan stratégique 2014-2021 du Marché financier régional (MFR).

Categories: PartnershipsFund for African Private Sector AssistanceFund for African Private Sector Assistance


AfDB to support Mozambique SMEs in the construction sector along Nacala Corridor

20/06/2017 - The African Development Bank’s Board of Directors has approved a US $1-million African Private Sector Assistance Fund (FAPA) grant to the Government of Mozambique to finance the Nacala Corridor Business Linkages Technical Assistance Project.

Categories: MozambiqueJapanTransportRegional IntegrationInfrastructurePrivate SectorPartnershipsEmploymentFund for African Private Sector AssistanceFund for African Private Sector Assistance