|Approval Date||03 Jun 2014|
|Signature Date||29 Dec 2014|
|Planned Completion Date||30 Jun 2020|
|Last Disbursement Planned Date||30 Jun 2020|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||32130|
The Seychelles micro, small and medium enterprises development (MSME) Development Project is supported by a US $1-million grant from the Fund for Private Sector Assistance (FAPA) of the African Development Bank. The project is complementary to the Seychelles Inclusive Private Sector Development and Competitiveness Programme (IPSDCP), a general budget support operation, approved by the Bank Board of Directors on December 3, 2013. It will support the Seychellois Government in their efforts to promote entrepreneurship and the role of small businesses in the development of the country. Under the project, a Seychelles MSME development strategy is being formulated and capacity building is being conducted for two government agencies in charge of MSME promotion, namely the Small Business Finance Agency (SBFA), an independent credit facility that provides micro-loans; and the Small Enterprise Promotion Agency (SEnPA), which provides training and capacity building of MSMEs.
The Seychelles Micro, Small and Medium Enterprises (MSME) Development Project's objective is at enhancing the growth of Seychelles MSMEs in order to promote inclusive growth through addressing access to finance and entrepreneurial skills, two main constraints to MSME development in Seychelles.
The beneficiaries of the project are micro, small and medium-sized enterprises (MSMEs), aspiring entrepreneurs, the Small Business Finance Agency (SBFA) and the Small Enterprise Promotion Agency (SEnPA).
Fund for African Private Sector Assistance
Ministry of Finance
|Last Update||22 Nov 2020|