ESPartners, USADF and Ecobank launch initiative providing assistance to entrepreneurs

AFRICA – Entrepreneurial Solutions Partners (ESPartners), in collaboration with the United States African Development Foundation (USADF) and Ecobank, has launched the African Resilience Initiative for Entrepreneurs (ARIE), a pan-African initiative to provide financial and technical assistance to 300 entrepreneurs (approximately 70 percent of whom will be women-owned) impacted by COVID-19. ARIE will support entrepreneurs from seven countries: Ghana, Ivory Coast, Kenya, Nigeria, Rwanda, Senegal, and Uganda, and in the following sectors: Agri-Business, Manufacturing, Energy and Renewables, and Essential Services. Each SME selected will have the opportunity to receive up to…

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Impact investment firm collaborates with Kenya Investment Mechanism to finance businesses

KENYA – Vital Capital, an impact investment firm, has collaborated with the U.S. Government’s Kenya Investment Mechanism (KIM) to unlock significant financing to businesses in targeted sectors that have been adversely affected by the COVID-19 pandemic. Managed by Palladium, an international impact advisory and management firm, KIM aims to unlock US$400 million in investments for key sectors of Kenya’s economy, including agriculture, and for regional trade and investment opportunities. Palladium is a global leader in the design, development, and delivery of Positive Impact — the intentional creation of enduring social…

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