Launch of AUDA-NEPAD MSME Academy

10Aug 2020
Correspondent
The Guardian
Launch of AUDA-NEPAD MSME Academy

The African Union Development Agency (AUDA-NEPAD) launches the MSME Academy in partnership with the Ecobank Group.

Spearheaded under the AUDA-NEPAD “100,000 MSMEs by 2021” (100K MSMEs) programme, the Academy provides easy access to practical training and resources on financing opportunities in various countries, how to build digital presence for businesses and how to adapt business operations in the era of the COVID-19 pandemic. The platform will also provide access to market intelligence, a host of mentors with diverse experience, while assisting with access to funding opportunities.

The MSME Academy will have three components: an informational webinar with invited speakers, a series of virtual instructor-led trainings and mentorship for the MSMEs.

The MSME Academy has a world-class pan-African design with country specific content. This is to ensure there is a right balance between local realities (challenges and opportunities of the MSMEs) with a structured pan-African approach to ensure sustainability and scalability of these initiatives.

The first wave of countries includes:Ghana - August 21st ,Togo - August 25,Kenya – September 1st ,Nigeria – September 3,Côte d’Ivoire – September 8th,Niger – September 15th,Rwanda – September 17th  And Chad – September 23rd 

 

AUDA-NEPAD 100k MSMEs

The AUDA-NEPAD 100K MSMEs programme is focused on the implementation of the Agenda 2063 Aspiration number one (1), which aims at building a Prosperous Africa, based on Inclusive Growth and Sustainable Development.

The programme will provide support to African MSMEs and is structured in three pillars, namely:  the MSME AcademyMSME Marketplace and MSME Financing Support Programme to be delivered through an MSME Digital Platform.

MSME Academy: The MSME Academy aims to build the capacities of MSMEs across Africa through a combination of relevant content library, a network of institutions specialized in MSME support such as incubators and accelerators, and a community of peers, mentors and advisors.

MSME Marketplace: a consolidated marketplace of marketplaces, enabling MSMEs to access e-commerce, procurement and alternative financing opportunities across the continent

MSME Financing Support Programme: a scheme that will bring together financial institutions, guarantee funds and other institutions to reduce the cost of risk for lenders to deliver capital to MSMEs at scale. The objective is to radically expand access to finance by aggregating smaller financial institutions such as micro-credit institutions and credit unions that have access to micro-enterprises, standardising their processes and building trust in their capabilities.

The MSME Digital Platform is a one-stop-shop for all MSMEs across Africa to access all these three programmes which jointly address MSMEs’ challenges with access to capacity building, markets and capital.

Source : AUDA- NEPAD