Need More Reasons to Attend the 2016 DICOTA Convention?
DICOTA is excited that the leaders of two major US international development agencies will be at the 2016 DICOTA Convention in person to share first hand and offer assistance on their new joint initiative and meet privately one on one with delegates. The U.S. Agency for International Development (USAID) and the Overseas Private Investment Corporation (OPIC) have a new initiative that will use OPIC’s Enterprise Development Network (EDN) to provide technical assistance to small-and medium-sized enterprises (SMEs) in Sub-Saharan Africa. The new effort called the African Technical Assistance initiative, or EDN/ATA, aims to spur the development of small enterprises in Africa and provide African entrepreneurs with access to the capital and technical skills needed to enhance business production and competitiveness. Both agencies say the initiative will increase the number of sustainable jobs in the region as well as provide a variety of other economic and social benefits. Entrepreneurs will be better equipped to handle their businesses, more credit-worthy projects will be funded, and capital to back the projects will be delivered with greater efficiency. EDN/ATA will use at least $1.5 million to provide small grants averaging $25,000 to African entrepreneurs