Browsing: MSME Finance

The African Union Development Agency NEPAD (AUDA-NEPAD) and the Ecobank Group have partnered in the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative.

This initiative is meant to help reposition MSME businesses on the continent, in order to rebuild and recover from the economic shock caused by Covid-19.

AUDA-NEPAD launched the 100,000 MSMEs Programme to accelerate African economic transformation, provide the needed skills, and build resilience against the economic shock triggered by the global pandemic.

Read: Redefining the health system in Africa after the pandemic

The ‘100 000 MSMEs’ initiative seeks to build the capacity of 1,000,000 enterprises in Africa through entrepreneurial and business training to improve access to finance and new markets while establishing networks for support and incubation to bolster their success.

“Across the globe, MSMEs are the biggest and the best engine of innovation, social transformation and economic development and growth. AUDA-NEPAD is deeply convinced that Africa …