The African Development Bank and Algeria's Ministry of Knowledge Economy, Startups, and Micro-Enterprises have pledged to strengthen their partnership to accelerate the growth of startups and small and medium-sized enterprises SMEs across the continent.
At the close of the fourth edition of the Intra-African Trade Fair IATF 2025, held in Algiers 4 - 10 September, Ousmane Fall, Acting Director of the Bank's Industrial and Trade Development Department, underscored the Bank's pivotal role in mobilising capital for African businesses.
"Supporting small and medium-sized enterprises and startups is one of the key pillars of our work, as defined in the Four Cardinal Points of the Bank Group's new President, Dr. Sidi Ould Tah. The Bank will support SMEs through an innovative approach that combines new financing instruments, advisory services, and policy reforms to promote their emergence across the continent."
