Western Union and USAID Kick Off ADM III Roadshows!

The United States Agency for International Development (USAID) and Western Union have launched the third round of the African Diaspora Marketplace (ADM III), an initiative that promotes sustainable economic growth and job creation in Africa by supporting African diaspora entrepreneurs. The ADM III will kick off its eight-city tour starting on December 13, 2014 in Boston, followed by New York, Philadelphia, Chicago, Los Angeles, Houston and Atlanta before returning to Washington, D.C. on January 15, 2015. Read press release here.


ADM Selected as P3 Impact Award Finalist!

Concordia, the U.S. Department of State Secretary's Office of Global Partnerships, and the Institute for Business in Society at UVA’s Darden School of Business have announced the African Diaspora Marketplace as a finalist for the P3 Impact Award! The purpose of the P3 Impact Award is to recognize public-private partnerships (P3s) that are improving communities around the world in an impactful way. The winner will be announced on September 29th at this year’s Concordia Summit in New York City. Read more about the P3 Impact Award and ADM on Concordia's website here.


ADM Success Story: Comprehensive Design Services

The start of 2014 has brought great successes for ADM II awardee, Comprehensive Design Services (CDS). This Nigerian based company provides responsive and responsible design, engineering, and project management services for sustainable housing projects. The company’s most important project, the Passive House Prototype (PHP), offers a vehicle for widespread use of renewable energy and provision of affordable housing, while enhancing the beauty and livability of the Nigerian built home. For more information, please click here.


Press Release: ADM Awardee, Sardis Enterprises, Begins Exporting to Whole Foods

ADM II Awardee, Sardis Enterprises International, has successfully begun exporting pineapples from the central coastal region of Ghana to Whole Foods stores in the U.S. Sardis received initial orders for its flagship product, the Ashanti Pineapple, from select Whole Foods stores in the Southeast region of the U.S. and delivered the shipment in January 2014. Sardis hopes to eventually expand its distribution chain to Whole Foods stores across the U.S.  SEI’s farmers’ cooperatives use natural fertilizing methods and chemicals and the company ultimately hopes to create a strong brand for Ashanti produce to help support local farmers. For more information on Sardis’ partnership with Whole Foods Market, click here to view the full press release or here to read the USAID blog post about this partnership.


ADM Awardee featured as Guest Panelist at JICA Symposium

On February 3, 2014, Chinwe Ohajukruka, and ADM II awardee, participated in a symposium sponsored by the Japan International Cooperation Agency (JICA) and the City of Yokohama to discuss strategies to empower and promote connections between businesswomen in Africa and Japan.  The event, “Growing Together with the Rising Women of Africa,” was held at the Yokohama Symposium in Naka-ku, Yokohama. For more information on the event, click here.


SME Live Banking Forum

The second SME Live Banking Forum was held in Lagos, Nigeria on November 4-5, 2013. The event was organized in conjunction with the Bank of Industry, and ADM-sponsors Western Union and USAID.

The event featured 14 banks and 107 attendees, compared to nine banks and 72 attendees from the 2012 event. Both ADM I and ADM II Awardees were invited to the 2nd Annual SME Live Banking Forum, in addition to more than 120 SMEs.

The two-day forum provided companies with the opportunity to pitch their businesses directly to multiple banking institutions in an effort to raise debt financing for their companies. Through this one-of-a-kind event, SMEs operating in Nigeria and across Sub-Saharan Africa had direct access to financial institutions and support providers.

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ADM Updates

Welcome to the ADM News and Updates page. Check back often as we add new items. 

29 August, 2014: ADM featured by Concordia as a P3 Impact Award finalist. Winner will be announced at this year's Concordia Summit on September 29th in New York City.

13 December, 2013: Western Union to discuss first steps to overcoming SME challenges to access finance the Kenya Diaspora Conference, December 14.  http://kenyaembassy.com/diasporaconference2013.html

21 August, 2013: 2nd Annual SME Live Bank Panel Forum to be held again in Lagos, Nigeria in November 2013 read more and sign up here!

USAID and Western Union Extend Libya Diaspora Marketplace Deadline to June 24, 2013 read more>>>

Cape Verde is now part of the ADM program! Please click here to see a picture of Ambassador of Cape Verde to the US Fatima Veiga and the ADM Team.

LDM FAQs read more>>

LDM press release - Arabic read more>>

8 April 2013: USAID and Western Union Launch the Libya Diaspora Marketplace! read more>>

Cape Verde is now part of the ADM program!

15 March 2013: Installation of a Power Pallet Biomas Generator at Booker Washington Institute, Liberia read more>>

19 Nov 2012: BOI, Western Union and USAID Hold SME Live-Banking Forum read more>> 

17 Nov 2012: The Tony Elumelu Foundation, Western Union and USAID host the African Diaspora Marketplace Investment Event read more>>

Watch Global Culture TV's coverage of the ADM II here.


Since its inception the African Diaspora Marketplace has supported SME development throughout Africa, with programs such as:

  • ADM I, a business plan competition which provided matched grant funding for 14 SMEs in 7 countries (2009-2010)
  • ADM II, a business plan competition which has provided matched grant funding, technical assistance and linkages to other sources of financing for ADM participants (2011-2012)
  • Tony Elumelu Foundation (TEF) 2nd Round Investment event, provided the opportunity for 17 SMEs to pitch their businesses for equity and social impact investment (2012)
  • Bank Of Industry (BOI) ADM Live Banking Forum, created access to 8 competing Pan-African banks for entrepreneurs to pitch their business plans for SME loans and other financing (2012)
  • Libya Diaspora Marketplace (LDM), encouraging SME growth and employment following a time of change (2013)
  • TEF and BOI ADM financing events, details to be announced for November 2013

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