|Approval Date||01 Dec 2000|
|Signature Date||12 Mar 2001|
|Planned Completion Date||30 Jun 2005|
|Last Disbursement Planned Date||30 Jun 2005|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
Africa Project Development Facility (APDF) was set up in 1986 as a joint initiative of the United Nations Development Programme (UNDP), the African Development Bank Group (AfDB) and the International Finance Corporation (IFC). APDF was established to respond to the need for project preparation and assistance to African entrepreneurs. The Facility’s mandate is to work with entrepreneurs throughout the project preparations cycle until the project has secured the necessary funding. The three sponsoring agencies, together with 15 donor countries have provided funding to APDF for the first three cycles which ended on 30 June 2000. During 14 years of its existence, APDF has prepared over 400 such business plans; and this has been an important contribution to the development of African entrepreneurs and to the establishment of a viable and successful local private sector. The work of APDF is now well-recognized as important for the development of the SME sector. The continued support of APDF by donors, including ADB is not only an affirmation of the good work accomplished by the Facility but also their commitment to promoting SMEs and entrepreneurship development. The advent of APDF 2000 represents an opportunity to challenge the Facility to build on its past successes and explore additional ways of improving its effectiveness, efficiency and increasing the number of SMEs it impacts. The total gross cost for APDF 2000’s five-year period is projected to be $65 million.
APDF’s objectives are : (i) Assist entrepreneurs to screen and, if appropriate, to formulate project ideas into business plans and to obtain local or foreign financing for their projects ; (ii) Provide guidance and, on a selective basis, make available to entrepreneurs consultancy, technical and managerial services in order to prepare and implement a project until it is fully operational ; (iii) Assist African entrepreneurs with the management, design and implementation of a management information system (MIS), human resource development and team building ; (iv) Help African entrepreneurs to find local or foreign project partners for equity financing and/or technical cooperation and to advise private foreign investors and financial institutions on the identification of investment opportunities and/or local partners in Africa ; (v) Be a catalyst in the privatisation process of public enterprises by assisting entrepreneurs interested in acquiring local parastatals as well as buying shares from foreign shareholders ; and (vi) Enhance the African consultancy capacity to prepare projects for entrepreneurs by the use of local professionals as Investment Officers and local consultants on short-term assignments.
The main beneficiaries of this support are African entrepreneurs, women and men, who will be able to get the help they need to achieve their aspirations.
African Development Fund
APDF-AFRICAN DEVELOPMENT FACILITY
|Last Update||01 Dec 2022|
|Name||ZEGERS Robertus Paulus Johannes|