Africa SME Program: Empowering Small and Medium Enterprises for Economic Growth
The Africa SME Program aims to provide financial support to small and medium-sized enterprises through local financial institutions, creating jobs and promoting gender inclusion. Learn about eligibility criteria, impacts, and how to apply.
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Presentation Transcript
AFRICA SME PROGRAM AFRICA SME PROGRAM UNLUCK FINANCING FOR RESISIELNCE, INCLUSIVE UNLUCK FINANCING FOR RESISIELNCE, INCLUSIVE GROWTH AND JOB CREATION GROWTH AND JOB CREATION
Africa SME Program Strategy Poverty alleviation Increasing socioeconomic resilience Sustainable development to tackle the root causes of migration IMPACT Creating 44 000 direct jobs and 132 000 indirect jobs 30% of job opportunities dedicated to women to promote gender inclusion Scaling up youth entrepreneurship OUTCOMES EUR 410 M Local Currency mobilized to support 21 500 Africa MSMEs Local tier II/III Financial Institutions and SMEs provided with adequate training OUTPUTS Deployment of innovative financial instruments, using blended finance mechanisms: EUR 20M EC guarantee, EUR 3,7M TA funding, EUR 130M AfDB commitment through guarantee and funding INPUT 2
REACH SMEs THROUGH FINANCIAL INTERMEDIARIES The program s objective is to enhance access to finance for small and medium-sized enterprises through local Financial Institutions. Financial support to medium and smaller-sized (tier 2 and tier 3) Financial Institutions (FIs) and Non-Financial Institutions (NFIs), increasing their on-lending capacity, at competitive terms, to SMEs. 3
ELIGIBILITY CRITERIA For financial intermediaries For SMES - criteria set by BEAC for SMEs to access credit from local financial intermediaries - additional criteria as required by local financial intermediaries 5
ELIGIBILITY CRITERIA For financial intermediaries For SMES - criteria set by BEAC for SMEs to access credit from local financial intermediaries - additional criteria as required by local financial intermediaries 6
AFRICA SME PROGRAM IN CAMEROUN Ongoing discussions with one local financial institution to deploy the program to the benefit of local SMEs Ongoing discussions with one regional banking player to to deploy the program to the benefits of SMEs in the CEMAC region including Cameroun How to Apply / Contacts at AfDB: Suzanne EKEDI DIBOUNDJE, African Developement Bank M. M Para COULIBALY African Developement Bank Investment Officer Financial Inclusion & Intermediation Email: S.EKEDIDIBOUNDJE@AFDB.ORG Tel : +225 2026 4364 Senior Investment Officer Financial Inclusion & Intermediation Email: I.COULIBALY@AFDB.ORG Tel : +225 2026 4383 7
TARGET AUDIENCE Direct audience: African regulated Financial Institution may submit application for the benefit of group of SMEs Indirect audience: African SMEs, to be put in contact with beneficiaries local Financial Institutions How to Apply / Contacts at AfDB: Suzanne EKEDI DIBOUNDJE, African Developement Bank M. M Para COULIBALY African Developement Bank Investment Officer Financial Inclusion & Intermediation Email: S.EKEDIDIBOUNDJE@AFDB.ORG Tel : +225 2026 4364 Senior Investment Officer Financial Inclusion & Intermediation Email: I.COULIBALY@AFDB.ORG Tel : +225 2026 4383 8
