ADM announces 60 finalists
Sixty finalists for the African Diaspora Marketplace (ADM), with proposals representing more than $22 million of diaspora business investment to spur job creation in their native countries, were announced today by Western Union and the United States Agency for International Development (USAID).
The ADM is a business entrepreneur program that has catalyzed economic development plans from U.S.-based African diaspora to help 19 countries in Sub-Saharan Africa, through collaboration between Western Union and USAID.
"The finalists of the ADM competition represent the best of a new class of entrepreneur — those who are investing back in their home countries to create economic opportunity and reduce poverty and unemployment in Sub-Saharan Africa," said Alonzo Fulgham, Acting USAID Administrator. "USAID is proud to be a part of this innovative program that leverages the resources of Western Union and its Agents, diaspora communities, and local partners in Africa to support these entrepreneurs."
