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West Africa Trade & Investment Hub co-Invests with Cordaid


The USAID-funded West Africa Trade & Investment Hub in partnership with DFC, has announced its first co-investment project with Stichting Cordaid to increase the access to finance by small and medium sized enterprises (SMEs) and microfinance institutions (MFIs) in Burkina Faso, Guinea, Mali, and Sierra Leone.
The co-investment will generate up to $37m of new private investment into these countries to support local economies, create over 20,000 direct and indirect jobs, and increase the value of exports over the duration of the activity by $30m.
This collaboration also aims to promote two-way trade and investment between the United States and West Africa in accordance to the Prosper Africa initiative promoted by the US government. ....

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$37 million investment for SMEs in Sierra Leone, Burkina Faso, Guinea, and Mali


Sierra Leone Telegraph: 26 January 2021:
The USAID-funded West Africa Trade & Investment Hub has announced its first co-investment project with Stichting Cordaid (Cordaid), managed by Cordaid Investment Management B.V. (CIM), to increase access to finance by small and medium sized enterprises (SMEs) and microfinance institutions (MFIs) in Burkina Faso, Guinea, Mali, and Sierra Leone.
This two-way trade in the fragile Sahel region of West Africa aims to combat high rates of poverty, unemployment, conflict, and desertification through private sector investments, targeting both women and youth.
Because of this public-private partnership, the co-investment will generate up to $37 million of new private investment into these countries to support local economies, create over 20,000 direct and indirect jobs, and increase the value of exports over the duration of the activity by $30 million. ....

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