Fund for African Private Sector Assistance

FAPA was established as a bilateral fund with the understanding that, in line with the Technical Cooperation Fund Reform of 2006, it would evolve into a multi-donor thematic trust fund. This was achieved in October 2010 when Austria joined the Fund and the original bilateral agreement was replaced with a Board-approved Multi-Donor Arrangement.[1] Since 2006, FAPA has received over USD 87 million in contributions from its donors.

Purpose of FAPA

FAPA provides untied grants for technical assistance and capacity building to African governments, regional economic communities and similar intergovernmental organizations, to non-governmental organizations such as business associations, market regulatory institutions, business development services providers, business training and research institutions, and to public and private enterprises.

Grants under FAPA enhance the Bank’s ability to be more active in the upstream phases of the project preparation cycle in order to reinforce the quality of its pipeline of bankable private sector transactions. The resources may also be used to promote innovative programs that specifically support small- and medium-sized enterprises.

https://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/fun…