AUDA-NEPAD (www.NEPAD.org) Chief Executive Officer Dr.
The objectives of the initiative are to:
Create a one-stop platform which will address the issues, challenges and needs of MSMEs during and post COVID-19, and be an all-encompassing, flexible and comprehensive one-size-fits-all tool for MSMEs in the formal and informal sectors across the continent;
Identify opportunities and innovative ways to support and protect MSMEs and job opportunities, especially in food and agribusinesses, technology startups, health specialized entities and those operating along with supply chain operations, noting that MSMEs account for an estimated 90% of businesses in most African economies; and
Coordinate and harmonize initiatives and ongoing efforts that support MSMEs to gain access to information, finance, and fiscal stimulus during the outbreak. The platform also aims to ensure that MSMEs have continuous access to national, regional and continental markets while recommending to policymakers, solutions regarding domestic debts as they are projected to face challenges due to the economic difficulties that the Member States will face.
Speaking on the initiative,
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Mr. Ade Ayeyemi remarked that the fragility of some of the African economies is more pronounced with the impact of COVID-19 and therefore continental coordination is essential to support national measures by governments to curb the spread of the virus on the continent. He further underscored that MSMEs which form a large part of individual economies in
"As a longtime partner of AUDA-NEPAD, we welcome the opportunity to work with the Agency to co-lead this continental platform that will empower MSMEs with knowledge, resources, mentoring, technical expertise and financial support to ensure the sustainability of their businesses during and post COVID-19. The objective of the continental platform is indeed aligned with the
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For more information, contact:
Mrs.
AUDA-NEPAD
Email: FatiN@nepad.org
Mrs.
Email: alaoye@ecobank.com.
About the platform:
About the AUDA-NEPAD COVID-19 Response Plan of Action:
The AUDA-NEPAD COVID-19 Response Plan of Action is a proactive, efficient and direct response in enhancing continental coverage, and improving access to sustainable and resilient health services while ensuring the protection of
The set of thematic areas that have been addressed by the plan create an ecosystem for the private sector to contribute to its implementation and to benefit from its added value, by opening new markets based on a win-win approach.
The AUDA-NEPAD will be a recipient of financial investments and donations for its COVID-19 Response Plan of Action. The Agency plays the role of broker between various service providers and governments, as well as coordinate the value chain from operations to institutional mechanisms.
About
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