Employment

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...
18-Jun-2019

Invitation to the African Youth Agripreneur Forum (AYAF) - 3rd Conference and AgriPitch Competition

The African Development Bank), in partnership with the Western Cape Government, is organizing the 3rd annual African Youth Agripreneur Forum (AYAF) Conference and AgriPitch Competition under the theme: Climate Smart Agriculture: Business and Employment Opportunities for Africa’s Youth. The AYAF serves as a platform for bringing together youth agripreneurs from across Africa and scaling up the scope and impact of their activities. The AYAF is an annual event of the African Development Bank’s Enable Youth Program and is expected to attract over 200 participants from across the...
13-Jun-2019

Guinée Bissau - Projet Promotion de l'entreprenariat agricole et rural dans les chaines de valeur (PROPEAR-CV) – Résumé CGES

L’objectif de l’EES est de faire une revue générale du contexte dans lequel évoluera le projet afin d’établir un processus de sélection environnementale et sociale qui permettra aux structures chargées de la mise en œuvre du projet de pouvoir identifier, évaluer et atténuer les impacts environnementaux et sociaux potentiels des activités du PROjet de Promotion de l'Entreprenariat Agricole et Rural dans les Chaînes de Valeur (PROPEAR-CV) au stade de planification des activités opérationnelles. Les résultats de la sélection indiqueront si un travail environnemental additionnel sera requis ou...
22-May-2019

Brochure - Youth Entrepreneurship and Innovation Multi-donor Trust Fund

In response to the youth unemployment and migration crisis, the African Development Bank adopted the Jobs for Youth in Africa (JfYA) Strategy. Its objective is to create 25 million jobs and equip 50 million youth with employable and entrepreneurial skills by 2025. Since the adoption of the JfYA strategy in 2016 the Bank has invested over USD 20 billion in 318 projects that will impact youth directly on skills, entrepreneurship, business development and job creation in African countries.
21-May-2019

African Development Bank commissions value chain study into jewelry manufacturing in Sierra Leone, Zimbabwe and the Republic of Guinea

The African Development Bank has commissioned a study into the contribution of the jewelry manufacturing industry and its potential for job creation for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea. The initial US $1.4-million project, will entail a value chain analysis study examining the sector’s contributions to value addition and job creation. It will be financed under the Bank’s Transition Support Facility and implemented over 24 months, in coordination with the relevant ministries and agencies in all three countries. The proposed project aims to create...
21-May-2019

African Development Bank commissions value chain study into jewelry manufacturing and jobs for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea

The African Development Bank has commissioned a study into the contribution of the jewelry manufacturing industry and its potential for job creation for women and youth in Sierra Leone, Zimbabwe and the Republic of Guinea. The initial US $1.4-million project, will entail a value chain analysis study examining the sector’s contributions to value addition and job creation. It will be financed under the Bank’s Transition Support Facility and implemented over 24 months, in coordination with the relevant ministries and agencies in all three countries. The proposed project aims to create...
21-May-2019

Bank’s Lines of Credit help to deepen African financial systems, small projects blossom

The African Development Bank has since 1995 granted five loans totaling $700 million to the Development Bank of Southern Africa (DBSA), a governmental financial institution with special focus on infrastructure expansion. The transactions have helped to deepen financial markets and buoyed local businesses. The Bank’s lines of credit enabled DBSA to finance some 20 private sector projects in eight countries, covering seven sectors (energy, industry, finance, tourism, telecoms, agriculture and infrastructure). The investments generated and sustained at least 40,000 jobs. “For nearly 25...
13-May-2019

Global partners announce $61.8 million allocation to boost African Development Bank initiative for women entrepreneurs

The Governing Committee of the Women Entrepreneurs Finance Initiative (We-Fi) has approved a funding allocation of $61.8 million for the African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) program. We-Fi is a partnership among 14 donor governments, eight multilateral development banks, and other public and private sector stakeholders, established in October 2017 and hosted by the World Bank Group. “This substantial support from the Women Entrepreneurs Finance Initiative, We-Fi, will help us scale up our actions and achieve greater results for women...