The Enhanced Private Sector Assistance (EPSA) Initiative is an innovative, multi-component, multi-donor framework for resource mobilization and development partnership to support implementation of the AfDB’s Private Sector Development Strategy. Drawing on successful development experience in Asia and around the globe, EPSA was conceived in partnership with the Government of Japan, which has provided generous financial support since its launch in 2005 at the Gleneagles G8 Summit.
One of the key components of the EPSA is the Fund for African Private Sector Assistance (FAPA), a multi-donor thematic trust fund that provides grant funding for technical assistance and capacity building to support implementation of the Bank’s Private Sector Development Strategy. The Government of Japan, African Development Bank, the Austrian Development Bank and the Government of Austria are the contributors to the fund, which to date has provided US $34 million to 41 projects across the African continent.
The FAPA portfolio includes regional and national projects in sectors such as business enabling environment, financial institutions support, infrastructure, trade, and micro, small and medium enterprises.