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African Development Bank Group (AfDB)

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    • Former interns praised the Bank’s programme, which has opened up employment opportunities for them
    • Serge N’Guessan, Director General of the Bank Group for Central Africa and head of the Bank’s Country Office in Cameroon, and Marie-Laure Akin-Olugbade, the Bank Group’s Vice-President for Regional Development, Integration and Business Delivery, at a meeting with female entrepreneurs and young interns in Cameroon
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Source: African Development Bank Group (AfDB) |

African Development Bank projects improve job opportunities for young people in Cameroon

The meeting saw significant participation from female entrepreneurs and young graduates who have benefited from work placements in projects financed by the Bank

The African Development Bank (AfDB) (www.AfDB.org) has underscored the success of its program aimed at bolstering job opportunities for young people in Cameroon. At a meeting convened in Yaoundé on April 9, 2024, chaired by Marie-Laure Akin-Olugbade, the Bank Group’s Vice-President for Regional Development, Integration, and Business Delivery, stakeholders across…

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

African Development Bank enhances Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Programs for greater impact

The ENABLE Youth program helps young African men and women access financing to grow their enterprises

The African Development Bank (www.AfDB.org) successfully concluded a three-day workshop in Nairobi, Kenya, aimed at enhancing its Empowering Novel Agri-Business-Led Employment (ENABLE) Youth Program in preparation for its next phase. The ENABLE Youth program helps young African men and women access financing to grow their enterprises. Currently active in 15…

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

Ghanaian and Senegalese entrepreneurs to benefit from African Development Bank Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) grant for green jobs in natural resources

The target reach group includes women, youth and people with disabilities/special needs, engaged in managing natural resource sectors such as agroforestry, fisheries and biodiversity

The African Development Bank (www.AfDB.org), through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF) (https://apo-opa.co/3J81Cnx), has approved a $999,000 grant to support an initiative to foster green jobs for women, youth and people with disabilities. The Strengthening Women, Youth and People with Disabilities’ Micro-Entrepreneurship for Green Jobs (https://apo-opa.co/3U9MFqb) in…

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

Nigeria: African Development Bank signs $75 million loan agreement to boost Indorama’s fertilizer production and export capacity

Indorama’s two operational urea fertilizer lines serve Nigeria’s domestic market, supporting the country’s agricultural sector

The African Development Bank (www.AfDB.org) has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will enable Indorama to increase its fertilizer production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while fostering job…

African Development Bank Group (AfDB)

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    • Pascal Yembiline (far right), the Bank Group’s Country Manager for Burundi, and Hendrina Chalwe Doroba (far left), the African Development Bank's Education and Skills Development Division Manager for East Africa, at the launch of the Agropastoral Entrepreneurship and Professional Development Project for Youth and Women in Burundi
    • Burundi: Construction begins on agri-food training centre, with funding by African Development Bank
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Source: African Development Bank Group (AfDB) |

Burundi: Construction begins on agri-food training centre, with funding by African Development Bank

The centre will be built on a 156-hectare area of land, of which around 142 hectares will be set aside for agropastoral production

On 26 October 2023 in Gitega, the East African Community, the Burundian government and the African Development Bank (www.AfDB.org) Country Office in Burundi officially launched the Agropastoral Entrepreneurship and Professional Development Project for Youth and Women. The initiative will involve the construction of a regional polytechnic and vocational training centre…

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

African Development Bank commits over $23 million to Rwanda’s new Aviation Centre of Excellence

The project will boost Rwanda’s ambition to become a regional aviation hub and draw international investment from the aviation industry

The Board of Directors of the African Development Bank Group (http://www.AfDB.org) has approved a $23.6 million loan for the construction and equipment of a new aviation training facility in the Rwandan capital, Kigali. The proposed Centre of Excellence for Aviation Skills (CEAS), including an aircraft hangar, will partner with higher…

African Development Bank Group (AfDB)

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    • African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD) announce joint task force to build entrepreneurship and jobs creation in Egypt, Morocco, and Tunisia
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Source: African Development Bank Group (AfDB) |

African Development Bank (AfDB), European Bank for Reconstruction and Development (EBRD) announce joint task force to build entrepreneurship and jobs creation in Egypt, Morocco, and Tunisia

The official launch of the taskforce took place on Thursday, 21 September 2023 during a workshop in Tunis, at the North Africa Regional Office of the African Development Bank

The African Development Bank Group (www.AfDB.org) and the European Bank for Reconstruction and Development (EBRD) on Thursday announced the setting up of a joint taskforce to foster entrepreneurship to catalyse jobs creation and growth in Egypt, Morocco, and Tunisia. The official launch of the taskforce took place on Thursday, 21 September…

African Development Bank Group (AfDB)

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    • Over 1.6 million people on low incomes have been able to access electricity thanks to a project supported by the African Development Bank
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Source: African Development Bank Group (AfDB) |

In Kenya, 1.6 million people on low incomes now have access to electricity thanks to a project supported by the African Development Bank

The project has improved living conditions and helped develop socio-economic activities in the beneficiary communities

The second phase of the Last Mile Connectivity Project (https://apo-opa.info/44ggSH3), implemented in Kenya between 2016 and 2022, has helped improved access to electricity for low-income groups. At least 1.6 million people now have access to power, according to the Project Completion Report published by the African Development Bank (www.AfDB.org) on…

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

Italy contributes EUR 5.5 million to African Development Bank Group’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, to foster job opportunities, economic growth

The Trust Fund has also empowered more than 12,000 young entrepreneurs who have gone on to transform their business plans and contribute to economic growth

The African Development Bank (www.AfDB.org) has welcomed a contribution of EUR 5.5 million from Italy for its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund. Italian officials announced the new financing during the Fund’s mid-year Oversight Committee Meeting held virtually on 26 June. They reaffirmed the country’s commitment to fostering youth entrepreneurship…

African Development Bank Group (AfDB)

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    • The main objective of the Mozambique CSP 2023-2028 is to promote structural transformation by improving the country's fiscal situation, creating decent jobs and achieving inclusive growth
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Source: African Development Bank Group (AfDB) |

Mozambique: African Development Bank adopts new Country Strategy Paper covering 2023-2028

As of 28 February 2023, the African Development Bank Group's active portfolio in Mozambique comprised 38 operations with a total commitment of $1.21 billion

The Board of Directors of the African Development Bank Group (www.AfDB.org) has endorsed the Bank’s 2023-2028 Country Strategy Paper for Mozambique on 13 June 2023. The new strategy aims to promote the country's structural transformation by improving fiscal stability, creating decent jobs and generating inclusive growth. The strategy has two priority…