Private sector and inclusive market development in Africa: Business can turn poverty into prosperity

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Publication Date: 
01 February 2011
UN Millennium Development Goal: 
Eradicate extreme poverty and hunger

The African Facility for Inclusive Markets (AFIM) is working to reduce poverty and accelerate progress towards the Millennium Development Goals (MDGs) by supporting pro-poor economic growth and inclusive market development (IMD) across Sub-Saharan Africa. AFIM's strategy seeks to provide low-income people with the tools and resources to lift themselves out of poverty through private sector initiatives at the regional and country levels. The activities include low-income people earning less than two dollars a day (over 2.5 billion people) into value chains as customers, employees, producers, entrepreneurs and distributors. As part of the United Nations Development Programme's (UNDP) Regional Bureau for Africa (RBA), the facility builds on the work of regional and national private sector initiatives from the last eight years in over 12 countries such as Angola, Burkina Faso, Ethiopia, Kenya, Malawi, Madagascar, Mozambique, Nigeria, Uganda, Tanzania etc.