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Article: Nigeria: AFDB Approves $1 Million Technical Assistance Grant for AB Microfinance in Nigeria.
- Article from:
- TendersInfo
- Article date:
- September 10, 2009
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Byline: Mamta03
Japan and the African Development Bank (AfDB) have approved a grant of $1m to AB Microfinance Bank of Nigeria (AB MFB) from the Fund for African Private Sector Assistance (FAPA).
The technical assistance contribution from FAPA, which makes up 7.7% of the overall TA package, will be used to co-finance the provision of technical assistance to ABN to build the capacity of the institution during its first few years of operation.
Specifically, FAPA funds will pay to bring in long-term management staff as well as short-term experts for the implementation of new IT/MIS systems and staff training. FAPA funds will cover costs related to ...