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The African Union Development Agency NEPAD (AUDA-NEPAD) and the Ecobank Group its strategic partner on the development have launched a $2 million fund to support 100,000 Micro, Small and Medium Enterprises (MSMEs).
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.
The 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.
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The 6th PIDA Week opened virtually on Tuesday, 19 January 2021, with key speakers stressing the need for Africa to continue to invest in quality and sustainable infrastructure if the African Continental Free Trade Area (AfCFTA) is to deliver for the continent.
The AfCFTA’s main objective to boost intra-African trade can only be achieved with adequate quality infrastructure, speakers in the opening session, among them Chief Executive Officer of African Union Development Agency (AUDA-NEPAD), Dr. Ibrahim Assane Mayaki, Mr. Kgabo Mahoai, Director-General of the South African Department of International Relations and Cooperation, Infrastructure and Energy Commissioner, Dr. Amani Abou-Zeid, of the African Union Commission (AUC), and South Africa’s International Relations and Cooperation Minister, Dr. Naledi Pandor, agreed.
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January 19, 2021
The 6th PIDA Week opened virtually on Tuesday under the theme “New decade, new realities, new priorities – positioning PIDA and infrastructure development in Africa’s continued growth and economic recovery”.
Programme for Infrastructure Development in Africa (PIDA) Week is an annual conference held to accelerate infrastructure implementation on the continent. The 6th PIDA Week which takes place amidst the backdrop of global economic and social uncertainty marks ten years of the implementation of the first PIDA-Priority Action Plan (PIDA-PAP1) and the transition to the Second Phase of the Programme (PIDA PAP II), which will run from 2021-2030.
During the official opening session, H.E. Dr. Amani Abou-Zeid, Commissioner for Infrastructure and Energy of the African Union Commission (AUC) says PIDA has achieved two important milestones this year. “I am happy to announce that on January 12, African ministers of infrastructure validated the PIDA PAP2
19 January, Online - The 6
th PIDA Week opened virtually on Tuesday, 19 January 2021, with key speakers stressing the need for Africa to continue to invest in quality and sustainable infrastructure if the African Continental Free Trade Area (AfCFTA) is to deliver for the continent.
The AfCFTA’s main objective to boost intra-African trade can only be achieved with adequate quality infrastructure, speakers in the opening session, among them Chief Executive Officer of African Union Development Agency (AUDA-NEPAD), Dr. Ibrahim Assane Mayaki, Mr. Kgabo Mahoai, Director-General of the South African Department of International Relations and Cooperation, Infrastructure and Energy Commissioner, Dr. Amani Abou-Zeid, of the African Union Commission (AUC), and South Africa’s International Relations and Cooperation Minister, Dr. Naledi Pandor, agreed.