According to bank documents, the project objective is to increase entrepreneurship and access to finance for MSMEs, focusing on women and youth owned/managed MSMEs.
Component 1: Improving the enabling environment for MSMEs and Entrepreneurship. This component aims to address key institutional, policy, regulatory and technical bottlenecks that hamper the development of MSMEs and entrepreneurial ventures owned by women and youth. This will include:
Strengthening Institutional, Legal and Regulatory Framework
Targeted technical assistance/capacity building at relevant institutions key to driving the MSME agenda
Enhancing payment systems and market infrastructure
Capital Markets Development
Component 2: Access to finance for MSMEs and startups. This component aims to increase access to affordable finance for women and youth owned/managed MSMEs and startups, through liquidity support, risk sharing and technical assistance.
Component 3: Enhancing the capabilities of women and youth owned MSMEs and startups. This component aims to develop entrepreneurial skills, improve MSMEs capabilities to grow, and ultimately enhance the overall competitiveness of MSMEs through Business Development Services (BDS), with a particular focus on women and youth owned/managed MSMEs.
Component 4: Project Management and Coordination. This component will finance support for project implementation.
Uloaku Oyewole, Asta Bareisaite
Financial Sector Specialist
Ministry of Finance, Economy and Planning
Ministry of Investment
Elhadi Mohamed Ibrahim
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