Multinational - Africa Project Development Facility (APDF) 2000


Project Summary

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
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 1,495,192.79
Status Completion

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
African Development Fund
Implementing
APDF-AFRICAN DEVELOPMENT FACILITY

Information

IATI identifier 46002-P-Z1-KF0-002
Last Update 01 Dec 2022

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Contact Details

Name ZEGERS Robertus Paulus Johannes
Email r.zegers@afdb.org

Geographic Location

Country Multinational
Coordinates Location Name
-1.28333 36.83333 Nairobi
5.30966 -4.01266 Abidjan
5.55602 -0.1969 Accra
-17.82772 31.05337 Harare
-26.2023 28.0436 Johannesburg