AAASME launches leadership for continental SME billion fund

The All Africa Association for Small and Medium Enterprises (AAASME) has inaugurated the leadership and governing structure for its Continental SME Billion Fund, known as UbuntuSusu, during a meeting held on August 24, 2026. The fund will be led by regional co-chairs representing West Africa, Southern Africa, North Africa, East Africa, and the African diaspora, with a Central Africa representative still pending. Committees for finance, technical matters, and governance were also established, alongside deputy chairpersons and a spokesperson. The UbuntuSusu initiative promotes African-owned financial solutions for SMEs and has received support from Botswana's President. The fund is scheduled for formal launch in November at the African Union Headquarters in Addis Ababa, Ethiopia.