AUDA-NEPAD and Ecobank Group partnership to launch financing component under the 100,000 MSMEs Initiative

AFRICA – The African Union Development Agency NEPAD (AUDA-NEPAD)) and the Ecobank Group, its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to launch the financing component as from 27 May 2021.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 Covid-19 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…

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Vodacom, AUDA-NEPAD to roll out digital tech for Covid-19 vaccinations in Africa

AFRICA – South African mobile telecommunication company Vodacom Group, part of Vodafone Group, will work with AUDA-NEPAD to build digital infrastructure to manage vaccinations across up to 55 countries, following successful deployments in South Africa – to manage Covid-19 vaccinations – and in Mozambique, Tanzania, and Nigeria – to manage infant inoculations. According to a statement released to the media, the roll-out of mVacciNation, developed by Mezzanine, a member of the Vodacom Group, is the first project in a public-private partnership that has been formed between Vodacom Group and AUDA-NEPAD “to…

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AUDA-NEPAD partners with Ecobank to launch MSME Academy

AFRICA – African Union Development Agency (AUDA-NEPAD), has announced the launch of the MSME Academy, in partnership with Ecobank Group with an aim is to boost the MSME sector. Spearheaded under the AUDA-NEPAD “100,000 MSMEs by 2021” (100K MSMEs) programme for Africa’s Micro Small and Medium Enterprises, the Academy provides easy access to practical training and resources on financing opportunities in various countries, materials on how to build digital presence for businesses and how to adapt business operations in the era of the COVID-19 pandemic. The platform will also provide…

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AUDA-NEPAD and Ecobank Group set to raise US$20bn for MSMEs recovery

AFRICA – The African Union Development Agency (AUDA-NEPAD) and the Ecobank Group are currently working to raise US$20 billion to support the recovery of small and medium-sized businesses in Africa after the Covid-19 pandemic.   Governments have committed to support MSMEs recovery, however access to existing commitments will likely be limited to registered medium enterprises due to criteria outlined by governments and the reducing appetite of commercial banks to loan to small scale enterprises.    The AU notes that funds allocated for MSMEs are insufficient in most countries, leaving the biggest gaps…

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AUDA-NEPAD and Ecobank collaborate to support MSMEs amid Covid-19

AFRICA – The African Union(AU), through its development agency, is collaborating with the New Partnership for Africa’s Development (NEPAD) and Ecobank Group to support Micro and Small-Medium Enterprises (MSMEs) build capacity to face the economic and social challenges posed by the COVID-19 pandemic.  The AU said that a continental framework has already been established for the support of the African MSMEs which form a large part of individual economies in the continent and have little or no absorption capacity to the effect of the pandemic.  The MSMEs account for about…

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African Union launches the second Biennial Review Report detailing Africa’s agricultural status

AFRICA – The African Union has launched the second Biennial Review Report on the implementation of the June 2014 Malabo Declaration on Accelerated Agricultural Growth and Transformation for Shared Prosperity and Improved Livelihoods. H.E Abiy Ahmed Ali, Ethiopian Prime Minister and AU Leader of the Comprehensive Africa Agriculture Development Programme (CAADP), presented the Biennial Review Report to the AU Assembly of Heads of State and Government. AUC Commissioner for Rural Economy and Agriculture, H.E Josefa Sacko, said, “The BR Report is a performance assessment tool as well an advocacy tool…

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