Employment

20-Mar-2020

Egypt: the furniture industry generates jobs and wealth in Damietta

As the early morning sun lights the roofs of Damietta, the Egyptian city’s streets begin to come alive. Children are off to school, motorbikes fill the avenues, and shop doors begin opening to welcome their first customers. It is early in the morning, but the excitement can already be felt in the “Masoud Elkholy Furniture” workshop. Forty people work in the 3,000m2 building, starting up machinery to create wooden furniture. Along with his two brothers, Elsaied Elkholy runs Masoud Elkholy Furniture, the brand founded by his father. “My father started this workshop. Today, my two brothers...
04-Mar-2020

Nigeria: Visiting Abia State Governor seeks partnership with African Development Bank to transform state into industrial hub

A thriving entrepreneurship industry and agricultural base in Nigeria’s Abia State are the foundation for the creation of a potentially viable industrial hub, its governor Okezie Ikpeazu told the African Development Bank Tuesday. Ikpeazu met with African Development Bank President Akinwumi Adesina at the Bank’s headquarters in Abidjan, Cote d’Ivoire to discuss investment for Abia to help boost job creation and enhance livelihoods. “Our vision is to leverage the capacity of our people to become the SME capital of Nigeria.  Our people are industrious and innovative. For instance, our...
31-Jan-2020

“Teach them smart solutions,” says out-of-the-box thinker Monique Ntumngia, founder of Green Girls, at 2020 African Economic Outlook launch

African governments must foster innovation and provide hands-on education solutions to young people if the continent is to beat the challenges of the next decade and meet global development targets. “Reality on the ground and the statistics do not meet, they are on parallel lines. There’s more of cram work in our educational system than actually getting us to think out of the box,” said Monique Ntumngia, Cameroonian founder of “Green Girls, a social business that educates young women from rural communities in the use of renewable energy.  Ntumngia was speaking at a panel discussion...
29-Jan-2020

Mali: African Development Bank support improves livelihood of rural youth

Momou Dembélé, 30, is a qualified electrician. Married with two children, she left her hometown of Kimparana, where she trained, for Ségou in central Mali. With her husband's support, she landed her first job with Moulin Moderne du Mali (Modern Mill of Mali, or 'M3'), which produces wheat flour and pasta products. "M3 was a real opportunity for me. What I like the most about my work is the time it gives me to take care of my family. I am fulfilled and I can help my children with their studies. It is like a dream come true for every trained woman electrician and for all Malians," said a...
16-Dec-2019

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

The Board of Directors of the African Development Bank 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 and the Tony Elumelu Foundation, which took place during the Tony Elumelu Foundation Entrepreneurship Programme launch in March this year. The partnership will bring about future collaboration focused on strengthening small to medium-sized enterprises as well as talent and skills development for...
13-Dec-2019

African Development Bank’s digital skills training benefits women

After graduating from the University of Ibadan in Nigeria with a degree in Communication and Language Arts in 2016, Olashile Odetola could not find a job. But an online learning program piloted by the African Development Bank has given her two “gifts”: digital skills and a sense of confidence. Odetola, 31, was one of two thousand students who took part in the ‘Coding for Employment’ digital training program launched by the African Development Bank in partnership with technology firm Microsoft in April 2019 after successful pilots in Nigeria, Kenya, Rwanda, Senegal and Cote d’Ivoire....
11-Dec-2019

Senegal: African Development Bank lends €62.8 million to help create 150,000 jobs for women and young people

The Board of Directors of the African Development Bank approved a €62.83 million loan to the Government of Senegal for implementation of the first phase of a project aimed at providing jobs for 150,000 women and youth. Funding for the Project to Support and Enhance Women's and Young People's Entrepreneurial Initiatives (PAVIE I), is composed of a €14 million loan from the African Development Fund and a €48.83 million loan from the African Development Bank. "PAVIE is intended to support the Government of Senegal's efforts to implement the Plan for Safeguarding Jobs (PSE)...
06-Dec-2019

African Economic Conference: The do’s and don’ts of youth employment

African governments, working with civil society and the private sector, should formulate deliberate policies to boost employability, particularly of the continent’s youth, according to regional surveys presented at this year’s African Economic Conference (AEC) in Sharm El Sheikh, Egypt. Researchers Abou Kane from Senegal, Joachim Tindo from Cameroon and Togo’s Mawussi Djahini-Afawoubo administered the survey to analyze the labor market in their respective countries. The survey results on Wednesday dominated discussions at the three-day conference, hosted by the African Development Bank...
19-Nov-2019

Tunisie : la Banque africaine de développement soutient activement l’accès au financement des petites et moyennes entreprises

La Banque africaine de développement a lancé, le jeudi 31 octobre à Tunis, le programme « Investia Enterprise » afin de renforcer la dynamique d’inclusion financière en faveur des petites et moyennes entreprises (PME) tunisiennes. Cette opération est le fruit d’un partenariat entre le Royaume-Uni et le ministère des Finances tunisien, mobilisant, autour de la Bourse des valeurs mobilières de Tunis, l’ensemble des acteurs de l’écosystème financier du pays. L’objectif de ce programme pilote est de faciliter l’accès aux financements non bancaires à plus de 120 PME. Cette...
14-Nov-2019

Working Paper 326 - Youth Jobs, Skill and Educational Mismatches in Africa

Abstract: This paper contributes to the empirical literature on the incidence of skill and educational mismatches of African youth and explores the linkages between job mismatch and wages, job satisfaction, and on-the-job search. It uses school-to-work transition survey datasets from 10 African countries and controls for unobserved heterogeneity, sample selection bias and endogeneity problems during the estimation of job mismatch. Results show that skill and educational mismatches are prevalent in Africa: 17.5% of employed youth are overskilled, 28.9% underskilled, 8.3% overeducated and 56.9...
13-Nov-2019

Mozambique features strongly at 2019 Africa Investment Forum with $24.6 billion project, the largest deal

Mozambique’s state oil and fuel company Empresa Nacional de Hidrocarbonetos (ENH), tabled a $24.6 billion transformative project for Mozambique’s economy, the largest deal to feature at the 2019 Africa Investment Forum. The project includes the development of the Golfinho and Atum fields and the nation’s first onshore liquefied natural gas plant. Mozambique’s Prime Minister Agostinho do Rosário made the announcement at a media briefing session during the Forum, the continent’s premier investment marketplace, organized by the African Development Bank and its partners. The project is...
30-Oct-2019

Nigeria country office of the African Development Bank launches jobs report

The Nigeria country office of the African Development Bank on 28 October 2019 launched the Bank’s ‘Creating Decent Jobs: Strategies, policies and instruments’ report in Nigeria. The report, first launched last month in Abidjan, cites growth in the African labour force as the fastest globally. However, successive years of robust macroeconomic policies, which have aided the remarkable economic growth rates for nearly two decades, have not created the jobs required to absorb the increasingly growing labour market entrants or led to sufficient poverty reduction. To reverse this trend economic...
29-Oct-2019

In Togo, youth and SMEs receive the African Development Bank’s full support

In a large building located in the Vakpossito district, south of the Togolese capital Lomé, the main equipment in the Agrokom soya processing plant is fully operational. In a few days, this group of young people will deliver 200 tonnes of organic soya meal to an international client. “In 2011, we only produced 50 tonnes of meal for the local market. However, since 2016, our production has quadrupled, and we are now supplying the international market,” Daniel Komlan says proudly. Mr. Komlan is the managing director of Agrokom, a small business specialised in soya processing. Daniel...
23-Oct-2019

Seedstars World partners with African Development Bank to propel youth startups and jobs

Seedstars World, a Swiss-based startup competition in emerging markets, and the African Development Bank on Tuesday announced a strategic partnership to implement its innovative ‘job creation track’ model to support youth employment and entrepreneurship in Africa. The partnership is in line with the Bank’s entrepreneurship and innovation lab under its Jobs for Youth in Africa (JfYA) strategy. The aim is to create 25 million jobs and equip 50 million young people with skills to enhance their employability and entrepreneurial success by 2025. The strategy will support countries to stimulate...
17-Oct-2019

Creating Africa’s next generation of development experts: African Development Bank calls on young professionals to join its ranks

The African Development Bank has issued a call to young people who are interested in joining the continent’s premier finance institution. The Bank has opened applications for its Young Professionals Program, which offers a unique opportunity to young people with a passion for development to participate in offering lasting solutions to social, economic and environmental challenges. At a lunch held Wednesday at which the current batch of YPPs were invited to share their feedback, Senior Vice President Charles Boamah made it clear that he valued the input of the young professionals. “We...
09-Oct-2019

Maroc : la Banque africaine de développement soutient l’entreprenariat des jeunes et l’innovation

La Banque africaine de développement a pris part à l’édition 2019 des rencontres « Innovation et Jeunesse » qui se sont tenues du 30 septembre au 4 octobre derniers. Un évènement organisé conjointement par le ministère marocain de la Jeunesse et des Sports, le ministère danois des Affaires étrangères et le Programme des Nations unies pour le développement (PNUD). L’objectif de cette rencontre était de permettre aux jeunes entrepreneurs d’apporter leur contribution aux chantiers de développement, notamment la promotion de l’innovation et du développement durable, la création d’...
13-Sep-2019

Innovative thinking marks African Development Bank’s Africa jobs manifesto

Innovative thinking about Africa’s conventional employment issues is what marks the African Development Bank’s new policy research document “Creating Decent Jobs: Strategies, Policies, and Instruments,” participants heard at the report launch, held 12 September 2019. The report elicited strong presentations and a lively debate during the event which took place in the Babacar N’Diaye Auditorium at the Bank’s headquarters, attended by senior management, diplomats, staff, and media representatives. The Bank’s Senior Vice President Charles Boamah introduced the issue of employment as being...
06-Sep-2019

“Prospects for Africa” great as new spaces open up for Tunisia’s youth in industry

Smartly dressed Maroua Khemiri is ready to start a busy day. The young engineer has secured a contract with Eleonetech in Tunisia, an electro-mechanical firm that specialises in producing cables and electronic assembly. Having risen through the ranks to become the first female project manager at the electro-mechanical firm, Khemiri’s achievement as a female engineer in this part of North Africa is rare, especially in the industrial sector. “After I finished my studies, I was struggling to find a job. It was frustrating, to the point that I thought about leaving the country. Today, I’m a...
26-Jul-2019

Nigeria: Africa’s leaders, business champions in Abuja to chart a new course for the continent’s youth

Abuja, Nigeria, 26 July 2019 – Some of Africa’s most prominent leaders in business, politics and development are gathering this weekend to chart a course for the continent’s youth. The Tony Elumelu Foundation Entrepreneurship Forum is a global flagship event that has attracted world business leaders and renowned entrepreneurs to the Nigerian political capital, Abuja. This is the fifth edition. African Development Bank President Akinwumi Adesina is participating in a panel discussion at the event, alongside Rwandan President Paul Kagame, Senegal’s Macky Sall and...
28-Jun-2019

Call for Papers - African Economic Conference 2019

About the Conference: The 2019 African Economic Conference (AEC), jointly organized by African Development Bank, the Economic Commission for Africa and the United Nations Development Programme, will be held in Sharm el-Sheikh, Egypt, from 2nd to 4th December 2019. Since its inception in 2006, the AEC series has fostered dialogue and the exchange of knowledge on a variety of issues and challenges facing Africa. The theme of this year’s conference is: “Jobs, Entrepreneurship and Capacity Development for African Youths”.   Registration   Policy-oriented papers...