The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Categories: ADF, Structural Transformation, Human Capital Development, Partnerships, Regional Integration, Transport, Energy & Power, Infrastructure, Water Supply & Sanitation, Agriculture & Agro-industries, Education, Private Sector, Health, Gender, Youth, Climate Change, Economic & Financial Governance, Information & Communication Technology, Quality Assurance & Results
The African Development Bank Private Sector Operations and the Fund for African Private Sector Assistance (FAPA) are supporting Advans Banque Congo (ABC) to provide loans and financial services to micro, small and medium enterprises (MSMEs) in Kinshasa, Democratic Republic of Congo (DRC). In a country where MSME banking is a challenge, ABC’s services and efforts, backed by the AfDB, promote financial inclusion, assist in reducing poverty, promote MSMEs growth and create jobs.
“Youth employment is a big problem everywhere, but takes a unique characteristic in Africa in that Africa is on the verge of a demographic transition. If these people who are becoming of working age do not find productive opportunities, not only will Africa face the challenge of having young people not able to use their skills and abilities, but Africa may lose also on the demographic dividend. So there is a double risk here.”
Categories: Agriculture & Agro-industries, Economic & Financial Governance, Education, Energy & Power, Environment, Gender, Health, Human Capital Development, Information & Communication Technology, Infrastructure, Private Sector, Transport, Water Supply & Sanitation, Poverty Reduction, Regional Integration, Civil Society, Youth