USAID and Western Union Launch African Diaspora Marketplace Business Plan Competition

The African Diaspora Marketplace (ADM) is a business plan competition designed to support the entrepreneurial spirit and resources of the U.S.-based African diaspora community to promote economic development in Sub-Saharan Africa by facilitating diaspora direct investment in viable small and medium enterprises. Sponsored by USAID and the Western Union Company, the ADM is currently seeking proposals for start-up and established businesses operating (or to be operated) through partnerships between U.S.-based members of the African diaspora and local Sub-Saharan African entrepreneurs. Through this program, USAID anticipates awarding matching grants between $50,000 and $100,000 each to 10 to 20 businesses. Proposals are due by July 21, 2009. See http://www.diasporamarketplace.org.

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