Lumbini, Nov. 11
Nepal Private Equity
Association (NPEA), with the support of the United Nations Capital Development
Fund (UNCDF), has announced the launch of “Agora” - a web platform connecting
entrepreneurs in emerging
and frontier markets
with investors and experts, fostering collaboration and driving economic growth.
NPEA will leverage the Agora platform
to advance the association’s mission
of promoting access
to finance for Nepalese small and medium-sized
enterprises in support of innovation, job creation and entrepreneurship, read
the joint statement issued by the NPEA and UNCDF.
The announcement made on Friday in Kathmandu will commence a call-to-action among NPEA’s
membership, which includes
investment firms, fund managers and financial services providers, to
leverage the Agora platform in advancing the
strategic objectives of the Association.
NPEA and UNCDF had agreed on jointly supporting the launch of Agora in July prior to the platform becoming live in October.
“Agora will complement our deal sharing
platform and provide access
to our entrepreneurs and investors to a much wider perspective. As Nepal Private Equity Association strives
to enhance the alternative investment ecosystem in Nepal
and partnerships like this help expedite the innovation,” said
Siddhant Raj Pandey, Chairman of NPEA.
Likewise, Xavier Michon,
Deputy Executive Secretary of UNCDF said that Agora is a global public good
that can be leveraged to provide the best total service to the Nepali
enterprise ecosystem, whether they are SMEs are larger in size,
According to him, Agora
will bridge the information gap that prevents investment finance from reaching
promising projects in the world’s
emerging and frontier
economies. By bridging
this gap, Agora
will help deliver critical lifelines of capital to
the businesses, entrepreneurs, and communities in Nepal that have been
underserved by the global financial architecture.
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