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BY: Graphic.com.gh
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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.