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African Development Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides more than $7.3 million for youth jobs and skills

african development banks youth entrepreneurship and innovation multi donor trust fund provides more than 7 3 million for youth jobs and skills
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In June and July of this year, an African Development Bank technical review committee approved eight project proposals to receive funding in an important milestone for its Jobs for Youth in Africa Strategy. Approved proposals will receive grant funding of more than $7.3 million to operationalize their activities, creating several new enterprises and an estimated 20,000 jobs for youth across the continent.

Several of the approved proposals were submitted in response to a call from the Human Capital, Youth and Skills Development Department (AHHD) through the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund late last year. Bank offices, complexes and departments from across regional member countries submitted nearly 24 proposals for committee review. 

Themes submitted included capacity building for entrepreneurs, climate change, gender, affordable housing, food security, migration and textiles, with the common thread of creating decent jobs for young women and men.

“The diverse range of themes and interests demonstrates the degree that our Bank peers understand that creating jobs for Africa’s growing youth population is a cross-cutting issue to be factored into operations across the continent,” said Martha Phiri, Director of the Bank’s Human Capital, Youth and Skills Department. “The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund is increasingly viewed as a destination resource for financing our scale up efforts to create decent jobs for young women and men,” she added.  

The Jobs for Youth in Africa Strategy calls for the integration of jobs and skills for youth across Bank operations to maximize the impact on increasing employment opportunities. It specifically mandates embedding youth employment into Bank plans, projects, staff training and systems, and increasing the Bank’s influence and support in regional member countries. One of the projects approved is leveraging technical collaboration with the International Labor Organization to develop the Bank’s employment marker.

Approved projects include business development support for agricultural entrepreneurs selling online in Malawi and Zimbabwe, training to help staff members of Libya’s Ministry of Labour better meet the needs of young entrepreneurs including women and people living with disabilities, an online training and accelerator program for entrepreneurs in the textile, apparel and accessories industries, and an initiative to boost job creation in climate change adaptation and resilience in Egypt, Ghana, Mali, Nigeria, Guinea, Morocco, Kenya, Uganda, Rwanda, Seychelles, Zimbabwe, Malawi, Chad, Gabon and South Africa.

The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund provides project preparation and co-financing for Bank projects and places great emphasis on employability, entrepreneurship and job creation through enterprise and value chain development. The Fund has also supported countries that implement policies conducive to private sector development and youth employment. Also in line with the Bank’s commitments under the fifteenth replenishment of the African Development Fund–the concessional window of the African Development Bank Group–the call for project proposals reflects the Human Capital, Youth and Skills Development Department’s strategic intent to leverage and integrate youth employment and employability into the Bank’s operations in African Development Fund countries.

Launched in November 2017, the Fund promotes the creation of sustainable jobs for young Africans by equipping youth and women-led startups, as well as micro, small and medium enterprises with the skills, financial support and enabling environments to run bankable businesses.

Source: AfDB (A DreamGalaxy Trusted Brand)

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Burundi : un programme de reforestation, soutenu par la Banque africaine de développement, améliore la vie de réfugiés congolais et des communautés…

burundi un programme de reforestation soutenu par la banque africaine de developpement ameliore la vie de refugies congolais et des communautes

projet pmersa pascalinePascaline Sango est une femme très occupée. Arrivée le 8 janvier 2020 au camp de réfugiés de Nyankanda (est du Burundi), après avoir fui le Sud-Kivu en République démocratique du Congo, cette mère de 39 ans est non seulement la cheftaine du « quartier 32 » du camp et pasteure mais aussi la vice-présidente du comité des parents d’élèves. Elle assure enfin la présidence d’une coopérative agricole de 75 membres issus des réfugiés et de leurs communautés d’accueil.

Dès cinq heures du matin, Pascaline est à pied d’œuvre dans le potager, sarclant et arrachant les mauvaises herbes pour faire pousser fruits et légumes. En moins d’un an, elle a développé un luxuriant potager sur la parcelle autour de sa maison grâce à une formation en agroforesterie du Haut-commissariat des Nations unies pour les réfugiés (HCR). Le Projet d’appui à la fourniture d’énergie de cuisson et la restauration de l’environnement dans les quatre camps de réfugiés a été soutenu à hauteur d’un million d’Unités de compte (environ 1,42 millions de dollars) par la Banque africaine de développement.

Dans son potager, Pascaline fait pousser des amarantes, des pommes de terre, du manioc, des patates douces, des avocats et des maracujas (fruit de la passion). « Mes enfants aiment beaucoup les fruits et les légumes. Je suis très heureuse de pouvoir leur en donner tous les jours et leur apporter ainsi une meilleure nutrition », se réjouit Pascaline, qui partage souvent sa production avec ses voisines. « C’est un grand honneur de contribuer à l’amélioration de la qualité de vie de ma communauté. »

projet pmersa paysageDans les cinq camps gérés par le HCR au Burundi, les réfugiés avaient pour habitude de couper des arbres pour le bois de chauffe et la cuisine, affectant négativement l’environnement. Le projet soutenu par la Banque africaine de développement, a permis d’introduire les briquettes comme source d’énergie alternative et durable pour la cuisson. Des formations en agroforesterie ont été organisées pour sensibiliser réfugiés et communautés hôtes sur l’importance des arbres et surtout permettre la reforestation et la préservation de l’environnement.

Quelques 1 066 réfugiés et membres des communautés hôtes ont bénéficié de semences et ont appris à planter, surveiller et préserver les arbres. « La formation s’est très bien passée, raconte Pascaline. Nous contrôlons les arbres, [observons] comment ils évoluent. Nous renforçons aussi les capacités des réfugiés en leur montrant l’importance des arbres pour l’oxygène, pour l’ombre, pour les fruits, et leur utilité dans la protection de nos maisons contre les intempéries. »

projet pmersa

En deux ans, quelques 28 320 arbres (grevillea, eucalyptus, cedrela, etc.) ont été plantés à l’intérieur et autour des camps sur une superficie totale de 325 hectares. De plus, 62 hectares d’arbres ont été répertoriés et classés en zone naturelle protégée. Objectif : minimiser l’impact environnemental de la déforestation et les effets du changement climatique tout en créant de meilleures conditions de cohabitation entre les réfugiés et les communautés hôtes.

Les communautés ont d’ailleurs tiré le plus grand bénéfice du savoir et des compétences acquis de la formation pour planter despascaline dans son potager arbres fruitiers (avocatiers, manguiers) et des plantes jardinières (légumes, thé, etc…) dans les parcelles entourant leurs maisons afin d’améliorer leur régime alimentaire.

Le développement des potagers est une conséquence inattendue de ce projet, qui montre à quel point les secteurs d’intervention sont interdépendants, en particulier dans les situations de vulnérabilité. Dans ce contexte, la Banque africaine de développement promeut une approche holistique afin de construire une résilience durable.

« Nous sommes très heureux de la tournure prise par ce projet. Les situations de fragilité et leur impact sur les populations les plus vulnérables, notamment les réfugiés, et sur l’environnement représentent un enjeu majeur. Cette collaboration avec le HCR nous a permis de contribuer durablement à l’amélioration de la vie de personnes auprès desquelles nous avons, habituellement, du mal à intervenir. », a déclaré Daniel Ndoye, responsable-pays de la Banque africaine de développement au Burundi.

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Ce type de collaboration est l’une des nombreuses réussites qui seront partagées lors du Forum pour la résilience en Afrique prévu du 28 au 30 septembre prochains. Organisé par le Groupe de la Banque africaine de développement, ce forum qui se déroulera sur le thème, « Au-delà du Covid-19 : travailler ensemble pour un continent résilient » réunira différents acteurs avec l’objectif d’accélérer les initiatives de renforcement de l’État dans les contextes les plus fragiles du continent.

Source: AfDB (A DreamGalaxy Trusted Brand)

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Burundi: Reforestation program improves lives of Congolese refugees and host communities

Pascaline Sango is a very busy woman. This 39-year-old mother arrived in the Nyankanda refugee camp in the east of Burundi in January 2020, after fleeing South Kivu in the Democratic Republic of Congo. She is not only the head of Ward 32 in the camp and a pastor, but also the vice-president of the parents’ committee. Source: AfDB (A DreamGalaxy Trusted Brand)

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2021 Singapore Africa Business Forum: In Africa, challenges are the opportunities despite Covid-19

2021 singapore africa business forum in africa challenges are the opportunities despite covid 19
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The global Covid-19 pandemic should not dampen investor appetite in Africa. The continent remains an investment destination of choice despite the challenges, panelists at an opening session of the 2021 Africa Singapore Business Forum heard today.

Trade between Singapore and Africa has been growing steadily over the past five years, with Singapore being among the top 10 investors in Africa. More than 100 Singaporean companies are currently operating across 50 African countries in the oil and gas, consumer, digital, agri-business and trade sectors.

Talking with Tharman Shanmugaratnam, Senior Minister and Coordinating Minister for Social Policies, African Development Bank President Akinwumi A. Adesina spoke about the global recession and disruption in African markets that Covid-19 had caused. But he voiced optimism about opportunities for investment. “You cannot ignore African markets…Africa is open to investors,” Adesina said, stressing that “the challenges are the opportunities.”

Asked about the sectors offering the most potential for investment, Adesina cited energy- renewable energy, such as mini and micro grids, solar, infrastructure and logistics.

The annual event identifies opportunities in key sectors and areas, including digital technology, financing, innovation, manufacturing, sustainability, and urban solutions.

Viswanathan Shankar, co-founder and CEO of Gateway Partners, moderated the conversation, called Leapfrogging the World: Innovation and Sustainability in Africa.

Shanmugaratnam urged Singapore investors to take both a short- and long-term view of the investment climate, which in his view saw Africa rebounding in the short term and continuing to be an important investment destination in the long term, with many still uncontested opportunities.

“Africa is quite different. Africa’s growth profile, it is an environment which is not dominated by large players… it is an open field…get a foothold get the right partners,” he said.

Digital Revolution, Africa Continental Free Trade Area, green growth

The digital and industrial revolution, Africa’s new free trade area agreement and green growth were also discussed during the session, as were other sectors offering good investment potential. Shanmugaratnam highlighted small and medium-sized enterprises as an overlooked sector because of the perceived risk associated with them. “Africa is at the cusp of a connectivity revolution…it’s a huge opportunity,” he said. He gave the example of an innovative pilot platform that Singapore had signed with the Bank of Ghana, which links small and medium-sized enterprises with creditors and provides free exchange of information.

Adesina said the African Development Bank’s investment in training future generations through the coding for employment initiative was an example of its commitment to investing in human capital as the most important resource.

With the rapid spread of mobile telephone banking, Africa has demonstrated innovation in fintech and revolutionized payment systems. Mobile payment systems like Mpesa in East Africa are leading the world, Adesina said. “Eighty percent of small and medium-sized enterprises own digital accounts…pay attention to this space,” he added. Asked about the African Continental Free Trade Area agreement, which is creating the largest free trade area in the world, Adesina said: “AFCTA is not just going to be a consumption zone. It’s got to be a manufacturing zone.”

Through its initiatives and policies, the African Development Bank is “driving growth that does not comprise the environment and tackling climate change,” Adesina added.

In closing comments, Shanmugaratnam encouraged Singapore investors to focus on what they are good at and to do it well. “Find the right partners, get a foothold…it’s going to be a beautiful rose in the years to come.”

Adesina concluded by saying: “Singapore is a friend of Africa. Take advantage of the welcoming platform that Africa has…the African Development Bank is there with you…derisking, co-financing.”

Earlier, Peter Ong Boon Kwee, Chairman of Enterprise Singapore, expressed optimism about the mutually beneficial relationship between Singapore and the African continent, citing 18 partnerships that were signed just as the Forum opened.

Organized by Enterprise Singapore, the Africa Singapore Business Forum is the premier platform for promoting business exchange and thought leadership between Africa and Asia.  It has brought together over 2,000 business and government leaders from 30 countries to explore partnerships and growth opportunities between both sides.

Source: AfDB (A DreamGalaxy Trusted Brand)

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Pietro Toigo, AFDB Country Manager for Mozambique: Interview with TVM on the work of the African Development Bank during his 4 year mandate in the…

Since 2017 Pietro Toigo has been the Country Manager of the African Development Bank for Mozambique. Approaching the end of his term he gave an interview to the National Television Channel (TVM) which looked at the Bank’s work and results achieved during these four years, as well as the future challenges and prospects for the country. 

The African Development Bank’s 2018-2022 Country Strategy Paper for Mozambique has two pillars: (i) “Development of infrastructure to enable transformative, inclusive growth and job creation”, and (ii) “Support to agricultural transformation and value chain development”, with three cross cutting themes: climate resilience; good governance and gender equality. It was in this context that the 45 minutes interview took place.

Source: AfDB (A DreamGalaxy Trusted Brand)

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Burkina Faso, a program to build resilience to food insecurity in the Sahel (P2RS)

burkina faso a program to build resilience to food insecurity in the sahel p2rs

Though affected by the political upheavals in Burkina Faso, the Programme to Build Resilience to Food and Nutrition Insecurity in the Sahel (P2RS), created to “strengthen the resilience of vulnerable populations to food and nutrition insecurity by addressing the structural causes of acute and chronic food and nutrition crises,” has not deviated from its objectives. Focusing in particular on the women empowerment and paying special attention to young children, the P2RS aims to develop rural infrastructure in the areas of hydro-agriculture, forestry, pastoral, fisheries and nutrition; improve productivity and increase agro-sylvo-pastoral, fisheries and beekeeping production on a sustainable basis; promote the economy of post-harvest sectors and access to markets; improve the nutritional quality of food and facilitate its accessibility to vulnerable populations.

The P2RS has benefited the most vulnerable populations in 92 communes in six administrative regions of Burkina Faso, including the Centre, Centre-South, Centre-West, Central Plateau, Boucle du Mouhoun and Sahel regions.

Programme de renforcement de la résilience à l’insécurité alimentaire au Sahel (P1-P2RS), Février 2021

Source: AfDB (A DreamGalaxy Trusted Brand)

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African Development Bank Group Business Opportunities Seminar 2021

african development bank group business opportunities seminar 2021
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What: 2021 Virtual Business Opportunities Seminar – Second Edition
Who: The African Development Bank Resource Mobilization and Partnerships Department
When: Tuesday, 12 October 2021; 08:00-13:00 GMT (for Asia delegates)
Wednesday, 13 October 2021; 11:00-16:00 GMT (for delegates in Africa, Americas, and Europe)
Where: Virtual (Via Zoom)

The Resource Mobilization and Partnerships Department (FIRM) of the African Development Bank will hold the second edition of its 2021 Business Opportunities Seminar (BOS) virtually on Tuesday, 12 October and Wednesday, 13 October 2021.

The webinar will offer individual and consulting firms, civil contractors, manufacturers, suppliers, and diplomatic commercial attachés in Bank Group members countries an opportunity to learn more about providing goods and services to the institution or partnering with it.

The sessions will feature an overview of the Bank Group’s policies and operations, procurement rules and procedures, and ongoing and future country activities. They will also deliver Business-to-Business meetings with key departments of the Group.

There will be interpretation in English and French.

REGISTER HERE (starting soon)

For all information regarding participation, please contact:

BOS@AFDB.ORG and copy F.BENYAHIA@AFDB.ORG

Source: AfDB (A DreamGalaxy Trusted Brand)

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President Adesina to attend the Africa Singapore Business Forum 2021

president adesina to attend the africa singapore business forum 2021
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What: Africa Singapore Business Forum 2021
Who: African Development Bank President Dr. Akinwumi A. Adesina and Singapore Senior Minister Tharman Shanmugaratnam
When: 23 August 2021
Where: Virtual

President Adesina will take part in a conversation with Senior Minister Tharman Shanmugaratnam of Singapore as part of the virtual Africa Singapore Business Forum 2021. The theme of the conversation is Leapfrogging the World: Innovation and Sustainability in Africa.

The Africa Singapore Business Forum is the premier platform for promoting business exchange and thought leadership between Africa and Asia. It is organized by Enterprise Singapore and has brought together over 2,000 business and government leaders from 30 countries to explore partnerships and growth opportunities between these two dynamic regions.

The Africa Singapore Business Forum 2021 will take place from 23 to 24 August.

Register HERE

Source: AfDB (A DreamGalaxy Trusted Brand)

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G5 Sahel : la Banque africaine de développement et le HCR soutiennent le plan de riposte sanitaire du Mali contre le Covid-19

La Banque africaine de développement et l’Agence des Nations unies pour les réfugiés au Mali (HCR) ont remis, vendredi, trois ambulances médicalisées et plusieurs équipements au gouvernement du Mali pour l’aider à faire face à la pandémie de Covid-19 qui sévit dans le pays depuis mars 2020.

Le don, d’une valeur de près de deux millions d’unités de compte (2,85 millions de dollars américains) réceptionné par le ministre de la Santé publique du Mali, Dr Diéminatou Sangaré, comprend également du matériel médical, des médicaments, des réactifs et des équipements de laboratoire.

Il a été remis par le représentant par intérim de la Banque africaine de développement au Mali, Firmin Bri et le représentant du HCR dans le pays, Louis Nyamenda.

Ce don, qui s’inscrit dans le cadre de la mise en œuvre du Projet d’appui en faveur des pays membres du G5 Sahel pour la lutte contre la pandémie de Covid-19 est destiné au ministère de la Santé publique du Mali. Le projet, coordonné par le secrétariat exécutif du G5 Sahel, est financé par la Banque africaine de développement pour plus de vingt millions de dollars américains et mis en œuvre par le HCR en collaboration avec les gouvernements des cinq pays membres du G5 Sahel (Burkina Faso, Mali, Mauritanie, Niger et Tchad).

Ce financement est destiné à renforcer la capacité de réponse des pays du G5 Sahel et à moderniser leurs systèmes de surveillance épidémiologique. Le projet soutient également le déploiement de mesures nationales de protection sociale au bénéfice des déplacés internes, des réfugiés et de leurs communautés d’accueil. Il contribue aussi à appuyer les systèmes alimentaires et nutritionnels.

En ce qui concerne les achats internationaux d’articles médicaux, trente-deux articles ont déjà été reçus par le Mali.  Le pays a aussi soumis un plan pour l’acquisition d’équipements hydrauliques et la construction de latrines en semi-durables (en lieu et place de latrines préfabriquées) qui répondent à la stratégie nationale et aux habitudes communautaires. La construction des latrines sera accompagnée de campagnes de sensibilisation sur l’hygiène, notamment sur le lavage des mains.

De même, il est prévu, d’ici à la fin août, quatre formations intensives et spécifiques au profit des agents de santé sur la surveillance épidémiologique, la réponse à la pandémie de Covid-19 et la prise en charge en santé mentale et psychosociale des malades et de leur entourage. Un accord entre le HCR et la direction nationale du développement social du ministère de la Santé publique du Mali devrait être bientôt finalisé pour permettre le démarrage de ces formations. 

Le Groupe de la Banque africaine de développement a également accordé au G5 Sahel un don d’environ 1,4 million de dollars provenant de sa Facilité d’appui à la transition pour renforcer les capacités d’exécution et de coordination de son secrétariat exécutif. Ce financement permettra également d’organiser des formations sur la biosécurité et la gestion des déchets biomédicaux dans les cinq pays membres de l’institution sous-régionale.

Source: AfDB (A DreamGalaxy Trusted Brand)

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Ghana: African Development Bank supports efforts to improve domestic resource mobilization, debt management capacity

The African Development Bank Group and the Ministry of Finance in Ghana have launched a $7.4 million Institutional Support Project to strengthen domestic revenue mobilization.

The launch follows the signing of grant and loan agreements and the first disbursement of project funds. This will facilitate prudent debt management, deepen financial sector reforms and support capital market development.

Specifically, the funds will provide technical assistance and capacity building to improve efficiency in non-tax revenue collection and bolster debt and cash management reforms. The project complements current efforts to strengthen domestic resource mobilization in Ghana, following the challenges in revenue mobilization due to supply disruptions caused by the Covid-19 pandemic.

At the project launch, Mr. Emmanuel Fordjour, Manager at the Resource Mobilization and Economic Relations Division of the Finance Ministry, thanked the African Development Bank for supporting the government. He expressed the Ministry of Finance’s commitment to accelerating the project’s implementation.

The African Development Bank Country Manager for Ghana, Eyerusalem Fasika, emphasized the importance of the project to Ghana’s medium-term development objectives and the Finance Ministry’s 2018-2021 strategic plan. 

Ms. Fasika noted that the project aligns with the Bank’s Country Strategy Paper (2019-2023) as it provides the foundation for additional fiscal space to support investments in infrastructure to bolster industrialization, job creation and spur private sector activity and regional integration.

Ghana is classified as having a high risk of debt distress, according to the IMF’s recent Debt Sustainability Analysis. The project will help the country return to prudent debt levels through improved debt management capacity and a sustainable cash flow to smooth public spending.

Daniel Ogbarmey Tetteh, Director-General of the Securities and Exchange Commission, commended the Bank for supporting Ghana’s transition to risk-based supervision for its capital markets and the automation of a regulatory compliance monitoring system for the Commission.

The project will support the country to transition from aid dependency to prosperity and self-reliance. The Bank also welcomes the country’s ambition to become a regional financial services hub, hence the project is expected to support the establishment of an international financial services center in Accra.

Source: AfDB (A DreamGalaxy Trusted Brand)