African Facility for Inclusive Markets 2.0
The African Facility for Inclusive Markets (AFIM) aims to foster inclusive and sustainable growth in Africa, by ensuring that markets are including and benefiting more the poor and excluded as producers, entrepreneurs, employees and consumers. To achieve this, AFIM will support projects of the United Nations Development Programme (UNDP) and help to shape private sector development policies throughout the continent.
Employment & economic development
Sector not specified
- United Nations Development Programme
Africa has sustained high growth rates for nearly a decade. The medium-term prospects are extremely promising, with sixteen of the 29 fastest growing economies in the world between 2012 and 2014 being in the region. However, the current growth pattern is not very inclusive and the benefits of this growth period are not shared widely. This lack of inclusive growth is linked to the sluggish pace of structural transformation, with economies trapped in low-productivity agriculture, stagnant industrialization, and the inability to harness extractives to advance development. Moreover, the vast majority of jobs in Africa remains in the informal sector, where jobs are insecure, unprotected and receive below market wages, a phenomenon that is affecting women and youth disproportionally.
The main goal of African Facility for Inclusive Markets
The main target group are producers and consumers, mostly the poor, women, and youth, in African markets. The program also targets policymakers and respective institutions at country and regional levels to improve and streamline UNDP’s programming, to advance markets as an effective tool and to generate inclusive growth.
The main objective of AFIM 2.0 is to contribute to growth and development in Africa which are inclusive and sustainable. It will achieve this through two overarching outcomes. First, AFIM 2.0 will build the regional institutional capacity to prepare and deliver inclusive PSD programming in the areas of agri-food supply chains, youth entrepreneurship, social business and impact investment. Second, AFIM 2.0 will support PSD projects and programs at the country and regional levels to foster inclusive markets in Africa.
In order to build the regional institutional capacity, AFIM 2.0 will provide targeted support to regional institutions, prepare a business plan and mobilize a coalition of support for the creation of an African Union Commission Inclusive Markets Excellence Centre (AIMEC) to assist countries in developing livelihood and inclusive employment programs and setting up policies for conducive private sector development. In terms of regional and country level programming, specific planned outputs are: a regional agro-business supplier development program; the development and roll-out of a training program to develop and grow inclusive business ecosystem building initiatives at country level in Africa; the implementation of inclusive business ecosystem building initiatives in at least three countries; and the development and implementation of an action plan to support the impact investment market in Africa.
Results from previous phases:
AFIM was launched in 2010 and an evaluation conducted in 2012 found that AFIM provides a high value through the delivery of a wide range of outputs that promote an inclusive market development in Africa. It meets or exceeds expectations in delivering relevant, efficient, effective, and sustainable results. The evaluation process has demonstrated that AFIM’s work is respected and appreciated among partners, meets a need, and above all is translating into wider changes in Private Sector Development (PSD) activities at a regional and country level. While many activities of AFIM have been integrated in the work of UNDP on the continent, AFIM 2.0 aims at responding to the increased demand for PSD programming at UNDP country offices and to expand into new sectors and industries.
|Directorate/federal office responsible||
United Nations Organization (UNO)
Within SDC, the program is being developed with support from the E + I focal point.
|Coordination with other projects and actors||
The project is planned and implemented in collaboration with a broad range of partners including key actors from the private sector regional organizations, International Financial Institutions (IFIs) and Development Finance Institutions (DFIs), technical partners and UN agencies.
|Budget||Current phase Swiss budget CHF 3'700'000 Swiss disbursement to date CHF 3'505'263|
Phase 1 01.09.2015 - 30.06.2019 (Completed)