Source: African Development Bank Group (AfDB) |

African Development Bank approves €8 million technical assistance grant to support preparation of Ruzizi IV Hydro Power Project in the Great Lakes region

The project will provide electricity to millions of households, as well as small and medium-sized enterprises and industries, thereby improving the living conditions of the regional population

The Board of Directors of African Development Bank Group (https://www.AfDB.org) has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic…

Source: African Development Bank Group (AfDB) |

Sudan: African Development Bank approves $21.783 million grant for roll out of solar-powered irrigation

The project meets the Sudanese government’s renewable energy and poverty reduction objectives as well as the Bank’s High Five and Energy Sector Policy

The African Development Bank’s Board of Directors (AfDB.org) has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic…

Source: African Development Bank Group (AfDB) |

African Development Bank approves $5 million grant to scale up Tony Elumelu Entrepreneurship Programme

The partnership will bring about future collaboration focused on strengthening small to medium-sized enterprises as well as talent and skills development for Africa’s youth

The Board of Directors of the African Development Bank (www.AfDB.org) has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme to scale up its outreach and impact to 1,000 select youth entrepreneurs. The grant follows the signing of a letter of intent between the Bank…

Source: African Development Bank Group (AfDB) |

“Let’s address skills mismatch in jobs for the youth,” speaker tells African Economic Conference

According to Adamon Mukasa, senior researcher at the African Development Bank, under-skilled youth represented 28.9% of Africa’s population

The second day of the 2019 African Economic Conference, exploring ways to create jobs for Africa’s youth,  focused on the youth skills gap issue across the continent. The conference in the Egyptian resort of Sharm El Sheikh is hosted by the African Development Bank (AfDB.org) in partnership with the United…

Source: African Development Bank Group (AfDB) |

2019 African Economic Conference: Work as one and listen to the youth to create jobs for Africa’s next generation, delegates urge policymakers

One of the highlights of this year’s conference was a session for young African entrepreneurs to share their work and ideas to shape the future of the continent

Africa must work as one to turn the continent’s ‘youth bulge’ into opportunities, delegates at the closing of the 2019 African Economic Conference said on Wednesday. The three-day conference in Sharm El Sheikh, Egypt, discussed initiatives for boosting entrepreneurship, improving the business ecosystem, access to capital and better infrastructure –…

Source: African Development Bank Group (AfDB) |

Fostering jobs, entrepreneurship, and capacity development for African youth: the time for disruption is now! (by Hanan Morsy)

The 2019 African Economic Conference (AEC) is held in Egypt and hosted by the Bank on the theme; “Jobs, entrepreneurship and capacity development for African youth"

by Hanan Morsy “There is no greater asset to Africa than its youth,” a statement that has been repeatedly proclaimed, but the continent still has a long way to go. Despite robust economic growth over the past two decades, a 1 percent increase in growth between 2000–14 was associated with…

Source: African Development Bank Group (AfDB) |

African Development Bank launches digital tool to help African youth learn to code

The goal is to scale up the program to 130 centers of excellence across the continent over a 10-year period

The African Development Bank (www.AfDB.org) and technology firm Microsoft (https://bit.ly/2LiaqcU) today launched the ‘Coding for Employment’ digital training platform (https://Coding4Employment.org/), an online tool to provide digital skills to African youth, wherever they are across the continent. The platform, launched at the 2019 African Economic Conference in Sharm El Sheikh, Egypt, aims to…

African Development Bank Group (AfDB)
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Source: African Development Bank Group (AfDB) |

First ladies panel seeks urgent policies to translate Africa’s demographic dividend into viable potential

“What a man can do, a woman can do just as well,” Jeannette Kagame, First Lady of Rwanda

“History will judge us if we don’t work together to take action now,” Chief Executive Officer of the Tony Elumelu Foundation, Ifeyinwa Ugochukwu “Investments in gender equality are critical to realizing demographic dividend, but we need to ensure that women have the tools to overcome the barriers they face,”  First…

Source: African Development Bank Group (AfDB) |

Opening Statement - Global Gender Summit (By Dr Akinwumi A Adesina, President of the African Development Bank Group)

This is the first time that the Global Gender Summit is being held in Africa

By Dr Akinwumi A Adesina, President of the African Development Bank Group Your Excellency, Paul Kagame, President of the Republic of Rwanda; Your Excellency, Sahle-Work Zewde, President of the Federal Democratic Republic of Ethiopia; Your Excellency, Moussa Faki Mahamat, Chairperson of the African Union Commission; Your Excellency, Joyce Banda, former…

Source: African Development Bank Group (AfDB) |

Getting women in the driver’s seat of Africa’s agribusiness revolution (by Mariam Yinusa and Edward Mabaya)

More African female agripreneurs must be supported to grow and progressively transition into the business segments of agricultural value chains which are most profitable

by Mariam Yinusa and Edward Mabaya Monica Musonda, CEO of Zambian food processing company Java Foods (https://Java-Foods.com/),  certainly faced hurdles in her rise to the top, but she overcame them. “Although the barriers to entry for women can be frustrating, they are often basic and relatively easy to resolve,” she said,…