DAWN July-August 2020

Page 41

USADF C.A.R.E.S

The United States African Development Foundation launched the USADF C.A.R.E.S COVID-19 Program to build resilience among African enterprises and entrepreneurs while combating COVID-19 in Africa, with a focus on the Sahel, Great Lakes, and the Horn regions. The USADF Capital for African Resiliencebuilding and Enterprises Support (C.A.R.E.S) Program has a dual purpose: To immediately disburse working capital to approximately 300 agricultural cooperatives, youth entrepreneurs, and o -grid energy enterprises, that USADF currently supports across USADF's 21 countries of operation. To increase the capacity of USADF's 100%, African owned and managed local implementing partner organizations to provide e ective solutions to grassroots organizations facing severe socioeconomic uncertainties. "For 40 years, USADF has prided itself on being agile, innovative, and responsive to the needs of marginalized and impoverished people and communities in Africa," said C.D Glin, President and CEO. "USADF's mission has never been more critical than now. It's time for us to leverage our experience to ensure that our grantees have the resources to withstand challenges unique to the coronavirus, survive in the face of the unprecedented challenges, and thrive." We know that COVID-19 will most likely have a devastating impact on African economies with an overall reduction in GDP for 2020 by three to eight percent, according to an analysis by McKinsey & Company.

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July-August 2020

With the USADF C.A.R.E.S Program, our goal is to provide some financial and technical assistance needed to help African enterprises and entrepreneurs reevaluate to see how their operations can best benefit their communities as they seek to mitigate and adapt to the e ects of COVID-19. USADF will continue to monitor the situation and will respond accordingly through our 100% African sta and a network of pan-African implementing partners. Regardless of the challenges, we will remain true to our mission: to create a pathway to prosperity for underserved communities in Africa. About the United States African Development Foundation (USADF) The U.S. African Development Foundation is an independent U.S. government agency established by Congress to invest directly in African grassroots enterprises and social entrepreneurs. USADF's investment increases incomes, revenues, and jobs by promoting self-reliance and market-based solutions to poverty. USADF creates pathways to prosperity for marginalized populations and underserved communities in the Sahel, Great Lakes, and the Horn of Africa. Annually, USADF's grant assistance generates approximately $100 million in new economic activity. To learn more, please visit www.usadf.gov. Communications Contact: Afia Frempong. Email: Comms1@usadf.gov www.usadf.gov/pressreleases/2020/4/18/usadf-announcescovid-19-response-and-recovery-program-usadf-cares

DAWN

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Literature Beyoncé's "Black Is King" Trailer Features Lupita Nyong'o, Jay-Z, and More

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pages 96-99

African Continent and the World Resource Vault

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Ghana Library Showcases Black and African

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Kenya’s 3D Printing Community Making

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Covid-19 Equipment Banking On Thorium

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page 93

Alphabet’s Loon Balloons Provide their fi rst Commercial Internet Service in Kenya

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Botswana: Lab Tests to Solve Mystery of Hundreds of Dead Elephants

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Tesla Talent Call Out

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Changing the African Narrative

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Startups – if You’re Not African It is Time to Fund the Future

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pages 84-85

Silicon Valley has Deep Pockets for African

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Even Though Less Than 1% of Venture Capital

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Mozambique: The Next Great LNG Player

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Africa's Largest Oil Refi nery Opens Next Year

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Terms with a Growing Diaspora’s Dual Citizenship Biden's VP Pick: Why Kamala Harris Embraces her Biracial Roots

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African Countries are Having to Come to

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Launch of the “Decade of African Roots and Diasporas

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My Roots in Africa" is Fighting Deforestation in Africa

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100,000 Trees to be Planted in Seychelles by

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Xmas with Help from Jobless Tourism Workers Community Tree Planting - Food & Trees for Africa

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1st Ethiopian-Assembled All-Electric Hyundai

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Zambia: Zanaco to Enter Micro-Finance as Part of Digital Push, says CEO

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How France Extorted Haiti for one of the Greatest Heists in Geopolitical History

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Competition for African and African American Female Entrepreneurs 7 of the Best Free Online Business Classes for Aspiring Entrepreneurs

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pages 39-40

USADF C.A.R.E.S

2min
page 41

Federal Democratic Republic of Ethiopia

7min
pages 30-33

Republic of Zambia

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pages 34-37

WPEC Launches 'Titans Tank' Virtual Business

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page 38

What is #BlackPoundDay?

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pages 22-23

The History of Black Management Reveals an Overlooked Form of Capitalism

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8 Steps to Choose a Reliable Trade Fair for

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The Startup Movement is Globalizing: New Report Proves It

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Zambian Company Spots Opportunity for

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Kenya and Nigeria are Leading Africa’s Push to Start Taxing Silicon Valley’s Global Tech Giants

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Your Export Business Zimbabwe Signs $3.5 Billion Compensation

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Andela is Expanding Across Africa after Shutting Down its O ces and Going Remote

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Trade Shows: What's Next?

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