USADF's Cape Verde Program

The United States African Development Foundation (USADF) entered into a strategic partnership with the Government of Cape Verde in 2003 to improve the viability and profitability of small and medium enterprises (SMEs) in the country. The program's key strategies are to:

1. Provide access to capital - providing development and/or community reinvestment grants to SME's to assist them in mobilizing the debt and/or equity capital they need to operate, acquire technical assistance, and expand;

2. Develop and facilitate reliable supply chain linkages - building relationships between Cape Verdean SMEs and larger local, regional, and international corporations;

3. Facilitate trade and joint venture investments - with emphasis on capitalizing on the opportunities offered under the U.S. Africa Trade and Opportunity Act; and

4. Carry out intensive monitoring, evaluation, and remediation - assuring continuous quality improvement of quarterly, annual, and program performance goals.

The overall aim of the program is to facilitate new trade and investment relationships that link Cape Verdean SMEs with local, regional, and/or international business partners, including corporations and other SME counterparts.

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