10b. Enhance the intellectual, financial, technical, and social resources of developing nations, and relieve them of onerous international debt.
Photo: Africa Renewal
Photo: World Economic Forum
While I was working in the townships in South Africa,
I realised SMEs are the creators of wealth and jobs,
which are critical to economic development that allows
people to stand up on their own two feet.
Peter Hinton, CEO, Summit Development Group
The African Development Bank Group is committed to playing a catalytic
role in helping the continent meet its development challenges.
Donald Kaberuka, President, African Development Bank
SMEs are the creators of wealth and jobs, which are critical to economic development that allows people to stand up on their own two feet
Summit Development Group (SDG) is an investment fund that invests in banks and financial institutions in sub-Saharan Africa. Value is built through improved governance, performance culture, efficiencies and improved risk management.
With a market focus on the 'missing middle' - small and medium enterprises (SMEs), the un-banked and the under-banked, including training and mentoring, SDG aims to support capacity building and is projected to create 1.4 million jobs by 2020.
The African Development Bank Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilise resources for economic and social development. In 2010, it approved a US$25 Million equity investment to support the Summit Development Group Fund.
10. Ensure that economic activities and institutions at all levels promote human development in an equitable and sustainable manner.