Fund for African Private Sector Assistance

30-aoû-2019

Japan and African Development Bank announce $3.5 billion in support of Africa’s private sector development

Electricity, transport, and health identified as key priorities Yokohama, Japan, 30 August 2019 - Japan and the African Development Bank on Friday announced a joint target of $3.5 billion under the Enhanced Private Sector Assistance for Africa initiative (EPSA4), during the 7th Tokyo International Conference on African Development (TICAD 7). Both Japan and the Bank have set a target of $1.75 billion each, from 2020-2022, to enhance the fourth phase of EPSA to spur private-sector-led sustainable and inclusive growth in Africa. “Building on the successful achievements so far, Japan and...
12-juin-2019

African Development Bank, African Union-NEPAD, partners launch African Agri-Business Engine for private sector agricultural finance with FAPA grant

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. The African Agri-Business Engine will identify investment and finance opportunities in agriculture and agribusiness, and focus its activities in Mozambique, Zambia...
25-sep-2018

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

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. FAPA, of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute $923,570 and $988,202 to finance the Bank’s Fashionomics Africa Digital Marketplace and Entrepreneurship & Innovation Lab (eLab) programs, respectively. Both programs form key components of the Bank’s Jobs for Youth in Africa Strategy,...
21-sep-2018

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

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. The grant will strengthen the capacity of public and private sector players in the nation’s secondary wood processing industry and provide institutional support to small and medium-sized enterprises (SMEs). Liberia has close to one million hectares of forest available for sustainable harvesting, and its forestry sector currently offers immense opportunities for...
13-juil-2018

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

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. The Fund for African Private Sector Assistance (FAPA) hosted by the African Development Bank will invest US$500,000 towards the total deal size of US$950,...
02-juil-2018

SMEs promotion gains traction through FAPA funding

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. “SMEs are the heartbeat of African economies. FAPA’s solid track record in SMEs promotion through technical assistance demonstrates that positive development outcomes can be delivered by supporting...
19-juin-2018

African Development Bank invests in Sudan agribusiness

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. Mohamed Zaghloul, Executive Director representing Egypt and Djibouti, said, “The Bank’s support to the development of key agricultural value chains and market access is timely and will go a long way in helping Sudan in its efforts to revive its agriculture sector.” Estimated at a total cost of US $47.5 million, the five-year Agricultural Value Chain Development Project will also...
08-juin-2018

Promoting competitive agribusiness in Mozambique

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. On the sidelines of the meetings, donors to the Fund for African Private Sector Assistance (FAPA)(link is external) and the African Fertilizer and Agribusiness Partnership (AFAP) signed a grant agreement to support the...
06-avr-2018

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

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...
09-Feb-2018

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

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...
20-juin-2017

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

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. The project is in line with the Bank’s effort to promote inclusive private sector development and SME linkages with large investments. It also aims to promote corridor economic development through the integration of economic activities within infrastructure development along the Nacala corridor. The Bank has made various infrastructure investments...
15-juin-2017

AfDB, Japan International Cooperation Agency sign US $300-million loan for Enhanced Private Sector Assistance

The Japan International Cooperation Agency (JICA) has signed a JPY 34.41 billion (about US$ 300 million) loan agreement with the African Development Bank under the Enhanced Private Sector Assistance (EPSA) initiative which is a component of Japan’s Official Development Assistance (ODA) to Africa. The “Seventh Private Sector Assistance Loan” carries an interest rate of 0.35%, to be repaid in 40 years after a 10-year grace period. The loan is intended to promote economic growth and reduce poverty in Africa by supporting the private sector through the AfDB’s non-...
18-mai-2017

EPSA : un 7e prêt de la BAD et du Japon pour renforcer le secteur privé en Afrique

La Banque africaine de développement (BAD) et le gouvernement japonais ont signé, le 17 mai 2017, un accord conjoint pour un prêt d’assistance au secteur privé – le septième octroyé dans le cadre de l’initiative conjointe d’assistance renforcée au secteur privé en Afrique (dite EPSA par sigle en anglais). Ce prêt, d’un montant de 34,41 milliards de yens, soit 300 millions de dollars EU environ, est destiné à soutenir les opérations du secteur privé en Afrique, via le guichet non souverain de la BAD. Pour l’occasion, une cérémonie de signature s’est tenue...
21-mar-2017

Micro, small and medium enterprises development trained under Seychelles MSME Development Project

Some 509 micro, small and medium enterprises development (MSME) owners graduated and received certificates of participation after attending two business development courses organized by the Seychelles Enterprise Promotion Agency (SEnPA) in collaboration with the University of Seychelles, under the African Development Bank-financed Seychelles MSME Development Project. The Seychelles MSME Development Project is supported by a US $1-million grant from the Fund for Private Sector Assistance (FAPA) of the African Development Bank. The Seychelles MSME Development Project is aimed at enhancing...
06-mar-2017

Reaching Small and Medium Enterprises in Africa: A Learning Forum on Africa SME Program Technical Assistance

The African Development Bank provides significant financial resources to reach small and medium enterprises (SMEs), including through its non-sovereign operations. In 2016 alone, the AfDB Board of Directors approved over US $400 million in new lending to financial institutions (FIs) for Africa’s SMEs. AfDB’s funding is expected to help SMEs access new loans, enabling them to invest in expanding their productivity capacity and ultimately to grow their business, increase their revenues, create new jobs and play a key role in Africa’s inclusive growth story. However, financing is only one...
02-nov-2016

Ouverture de l’atelier sur la promotion des investissements intra-africains et le renforcement des capacités des micro et PME africaines

Un atelier organisé par la Banque Africaine de Développement (BAD) avec le soutien du Fonds pour l’Assistance au Secteur Privé africain (FAPA) visant à faciliter l’accès aux marchés et investissements régionaux et internationaux et promouvoir le commerce et l’investissement intra-africains, s’est ouvert lundi 31 octobre 2016 à Abidjan en Côte d’Ivoire. La rencontre a réuni 50 micro, petites et moyennes entreprises (MPME) de 16 pays africains opérant dans le secteur agricole et de l’agroalimentaire. Elle vise essentiellement à renforcer les capacités des MPME pour combler le déficit d'...
26-juil-2016

Mauritanie - La BAD soutient les PME avec 7 millions de dollars

Par le biais de son guichet du secteur privé, le Conseil des gouverneurs du Groupe de la Banque africaine de développement (BAD) a approuvé, le 20 mai 2016, l’octroi d’une ligne de crédit  d’un montant équivalant à 7 millions de dollars EU et d’une maturité de 5 ans, à la Banque Populaire de Mauritanie (BPM). La BPM est une banque créée en Juillet 2012, sur les acquis de Mauritanie Leasing qui avait, elle, été fondée en 1998. Cette dernière a été pendant près de quinze ans la seule compagnie de leasing évoluant en Mauritanie et a déjà eu à bénéficier, à ce titre, de l’appui...
09-sep-2015

AfDB SME Program: Enhancing inclusive growth and job creation in Rwanda

The African Development Bank Group (AfDB) and Access Bank Rwanda Ltd. signed a loan agreement for the equivalent of US $6 million under the Africa SME Program on September 3, 2015 to support small and medium enterprises (SMEs) in Rwanda. Access Bank Rwanda is a member of the Access Bank Group, which has its headquarters in Lagos. The AfDB has had a long-standing relationship with Access Bank. The Rwanda subsidiary was established in 2008 when Access Bank PLC took a 75% ownership in Bancor SA. Expanding its loan portfolio in recent years, Access Bank Rwanda offers a variety of SME products...
04-sep-2015

Côte d’Ivoire : Le Fonds d’Assistance au Secteur Privé Africain octroie un don de 947 625 dollars US en faveur de l’entreprenariat des jeunes

La Banque africaine de développement (BAD) et la Confédération générale des entreprises de Côte d’Ivoire (CGECI), ont signé ce 4 septembre 2015 à Abidjan, un accord de don du Fonds d’Assistance au Secteur Privé Africain (FAPA), d’un montant de 947 625 dollars US (558,970 millions de francs CFA) au titre d’un appui au développement de l’entreprenariat en Côte d’Ivoire. La lettre d’accord de don a été signée par le Vice-Président de la BAD, chargé des infrastructures, du secteur privé et de l’intégration régionale, Solomon Asamoah, et le Président de la CGECI, Jean Kacou Diagou. Ce...
30-juil-2015

Burkina Faso : stimuler la croissance inclusive et la création d'emplois grâce au programme de la BAD pour les PME

Ce 30 juillet 2015, le Groupe de la Banque africaine de développement (BAD) a signé avec la société privée Fidelis Finance un accord de prêt en faveur de celle-ci, équivalent à 2,5 millions d'euros, dans le cadre du Programme africain pour les petites et moyennes entreprises (PME). Fidelis Finance SA est une société burkinabée de crédit-bail à forte croissance, qui cible en particulier les PME. Celle-ci propose une large gamme de produits, comprenant la location, le crédit-bail, l'affacturage, des crédits à court et moyen terme pour les PME au Burkina Faso. La ligne de crédit que lui ainsi...