Promoting sustainable economic growth by facilitating the creation of more income-earning opportunities, decent work and productive employment

Boosting the capacities of low-income communities to achieve food security, improved nutrition and in part, promote sustainable agriculture

Strengthening implementation of SDG by creating a robust cross-cutting framework for partnership and collaboration that uses the instruments of finance, capacity building, technology, trade and systems perfection 

Enhancing the realization of improved standards of living, quality of life and wellbeing for Africans in low-income population segments

Transforming economies through enterprise diversification, resilience building as well as facilitating inclusive and productive participation of Africans in the economy

Facilitating productive engagement of youth and women in key economic sectors and wealth creation in general

Transitioning a large proportion of enterprises from the informal to the formal economy

Significantly boosting income-earning opportunities for youths and women households

Catalyzing the development of local value chains to make them effective in a globalized marketplace

Providing African Governments with data-driven and evidence based policy/regulatory legislation that support sustainable growth of micro and small enterprises

Program In Brief

The Global One Million Initiative

This is a private-public sector driven initiative that aims at giving micro and small enterprises the teeth to create decent jobs and open up more earning opportunities among the low-income communities across the African Continent

We strongly believe that the best way to enhance income distribution across African Countries is by deploying market-based approaches among low-income communities. Most of the working poor are found in the informal sector-and indeed, the micro and small enterprises sector is disproportionately composed of informal businesses. This initiative aims at building systems that enable Governments and the Private Sector players to effectively make heavy investments in the micro and small enterprises sector-in a way that improves the quality of job opportunities created.

Businesses Targeted

Micro Enterprise-employs less than 10 Paid Staff. Small Business-employs between 10-50 all paid staff.

Program’s Ecosystem

The execution of this program entails a broad-based participation from:

• The Government Agencies/Departments/Authorities incharge of Micro and Small Enterprises Sector.

• Civil society groups, particularly Associations championing Women and Youth entrepreneurship both at the National and Continental level.

• Local and International Development Agencies whose operations are (in part) aimed at developing and promoting entrepreneurship among low-income communities in Africa

Global Professional Support Forum (GPS Forum) assisted by a host of professional services firms in each African Country targeted. GPS Forum is the Program Leader that signs Partnership Agreements with Public and Private sector stakeholders, mobilizes Local and External Resources, and Executes Contracts with Implementing Agents at the Country Level

Africa’s Micro and Small Enterprises face myriad obstacles that keep them in low-yield activities with little opportunities for growth

Half of Africa’s population is under 25 years old, making it the youngest population; fastest growing middle class with the world’s fastest urbanizing region

Targeted support and investments that catalyze the expansion of micro and small businesses has the potential to boost Africa’s job opportunities for the young population since small enterprises are more labor intensive

The Global One Million Initiative aims at transforming Microenterprises from survivalist type of activities (where they generate low returns) to real entrepreneurship (where they can generate high returns)

Selection of program MSE beneficiaries is carefully done since we are aware, that not all micro and small businesses have the potential to grow in a manner that can open greater job opportunities for the youth

Africa’s micro and small enterprises sector largely use informal financing which does not relax the financial constraints they face in their attempt to grow