Mozambique’s Nacala Corridor Business Linkages Technical Assistance Project has received $1 million in grants from the African Private Sector Assistance Fund (FAPA), a multi-donor thematic trust fund that provides grant funding for technical assistance and capacity building to implement the African Development Bank’s (AfDB) Private Sector Development Strategy.
FAPA has provided more than $51 million to 65 projects across Africa in a portfolio of projects aimed at improving the business environment, strengthening financial systems, building private sector infrastructure, promotion of trade and development of micro, small and medium- sized enterprises (MSMEs).
The Nacala Project seeks to improve the efficiency and competitiveness of small and medium-sized enterprises (SMEs) in the construction sector in the Nacala Corridor to enable them to benefit from the business opportunities provided by the Nacala rail and port projects and other large construction projects.
It is designed to complement AfDB’s Nacala rail and port project in supporting inclusive and sustainable economic growth along the Nacala corridor.
Select SMEs in the construction industry will receive training, coaching, mentorship and other support activities to strengthen their business management skills, industry knowledge and know-how as well as to equip them with required competencies to satisfy standards of larger partner companies.
The project will also provide institutional capacity building, knowledge, expertise and tools to SME support institutions to enable them to continue supporting construction industry SMEs at the end of the technical assistance; and build strong networks and stakeholder platforms for the construction sector’s continuous dialogue with the government, banks, insurance, tax administration, training institutions and the large private sector operators on how to grow the construction industry in the country.
The Nacala Corridor Business Linkages Technical Assistance Project which is in line with AfDB’s effort to promote inclusive private sector development and SME linkages with large investments will run for a three-year period.