Page 5 - THE NOTICEBOARD EDITION 63 OCTOBER 2020
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October, 2020                                                                                Page 5


          AUDA-NEPAD Partners Ecobank Group


             to Launch all Africa’s Micro Small &


                     Medium Enterprises Academy





                                         MSMEs  were  invited  to  join  the
                                         Academy's  first  series  of
                                         informational  webinars  tailored
                                         for MSME operating in Ghana on
                                         August 21. The webinar provided
                                         tips  on  access  to  finance  and
                                         building a digital presence.
                 Ade Ayeyemi
             CEO of Ecobank Group
              he all Africa Micro, Small  The  AUDA-NEPAD  100K  MSMEs
              and Medium Enterprises  programme  is  focused  on  the
       T(MSMEs) Academy is now  implementation  of  the  Agenda
                                                                                       Dr. Ibrahim Assane Mayaki
       available in Ghana. The '100,000  2063  Aspiration  number  one,                   AUDA-NEPAD CEO
       MSMEs  by  2021'  programme  which  aims  at  building  a                institutions specialized in MSME
       was  launched  by  the  African  Prosperous  Africa,  based  on          support such as incubators and
       Union  Development  Agency  Inclusive Growth and Sustainable             accelerators,  and  a  community
       (AUDA)-NEPAD and the Ecobank  Development. The programme will
                                                                                of peers, mentors and advisors.
       Group.  The  MSME  Academy  provide support to African MSMEs
       provides easy access to practical  and is structured in three pillars,   M S M E   M a r k e t p l a c e :   a
       training  and  resources  on  namely:    the  MSME  Academy,             consolidated  marketplace  of
       financing  opportunities  in  MSME  Marketplace  and  MSME               marketplaces,  enabling  MSMEs
       various countries, how to build a  Financing Support Programme to        t o   a c c e s s   e - c o m m e rc e ,
       digital  presence  for  businesses  be  delivered  through  an  MSME     procurement  and  alternative
       and  how  to  adapt  business  Digital Platform.                         financing  opportunities  across
       operations  in  the  era  of  the
                                                                                the continent.
       COVID-19 pandemic.                MSME  Academy:  The  MSME              MSME  Financing  Support
                                         Academy  aims  to  build  the          Program:  a  scheme  that  will
       The Pan African MSME Academy  capacities of MSMEs across Africa          bring  together  financial
       offers  free  access  to  market  through a combination of relevant      institutions,  guarantee  funds
       intelligence, a host of mentors  content  library,  a  network  of       and other institutions to reduce
       with  diverse  experience,  while                                        the  cost  of  risk  for  lenders  to
       assisting with access to funding
                                                                                deliver  capital  to  MSMEs  at
       opportunities.
                                                                                scale. The objective is to radically
       The  MSME  Academy  will  have                                           expand  access  to  finance  by
       three components:                                                        aggregating  smaller  financial
       ·      a n   i n f o r m a t i o n a l                                   institutions such as micro-credit
          webinar  with  invited                                                institutions  and  credit  unions
          speakers,                                                             that  have  access  to  micro-
       ·      a  series  of  virtual                                            enterprises,  standardizing  their
          instructor-led trainings and                                          processes  and  building  trust  in
       ·      mentorship  for  the                                              their capabilities.
          MSMEs.

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