Jobs for Youth in Africa

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19-Feb-2020

AMI - Burkina Faso - Etude de faisabilité économique et financière de l’incubateur du CFP-CI et d’incubateurs pour les CFP et CPR (Kôdougou), et pour une assistance technique en vue de la création d’incubateurs dans un CFP et dans un CPR

Le Gouvernement du Burkina Faso a reçu un don du Groupe de la Banque africaine de développement afin de couvrir le coût du Projet d’Appui à l’Emploi des Jeunes et le Développement des Compétences en Milieu Rural (PADEJ-MR), et a l’intention d’utiliser une partie des sommes accordées au titre de ce don pour financer le contrat relatif à la réalisation d’une étude de faisabilité économique et financière de l’incubateur du CFP-CI et d’incubateurs pour les CFP et CPR (Kôdougou), et pour une assistance technique en vue de la création d’incubateurs dans un CFP et dans un CPR.
02-Jan-2020

Working Paper 330 - Labor Market Flexibility and Jobs in Selected African Countries

Africa enjoyed relatively fast economic growth over the past decade and a half. The sustained growth undoubtedly kindled hopes for a prosperous Africa. However, poverty and inequality remained pervasive. In 2013, poverty was still widespread, and the rate was high in Sub-Saharan Africa—41 percent, compared with the world average of just 10.7 percent and the South Asia average of 15 percent. While the intensity of poverty, measured by the poverty gap, declined from 26 percent to 16 percent during the same period, it is still high compared with the world average of 3.2 percent. Moreover, the...
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...
04-Dec-2019

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

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 in partnership with the United Nations Development Programme and the United Nations Economic Commission for Africa. According to Adamon Mukasa, senior researcher at the African Development Bank, under-skilled youth represented 28.9% of Africa’s population, more than double the 13% recorded in other developing regions...
14-Nov-2019

2019 Africa Investment Forum: African Development Bank, EU reaffirm partnership, ambition to de-risk business environment, create jobs in Africa

The African Development Bank and the European Union shook hands on a renewed commitment to unlock hundreds of millions in financing for African infrastructure and development needs. Collaboration between the two institutions would focus on de-risking the business environment in Africa, providing equity, guarantees and other types of non-grant support, African Development Bank President Akinwumi and European Union Commissioner Neven Mimica said at a news conference held Monday, on the sidelines of the Africa Investment Forum. Both men stressed the central role of investment in the...
07-Nov-2019

Contract Awards - Recruitment of a Firm to develop a platform strategy and an online interactive digital platform for the Innovation and Entrepreneurship Lab of the AfDB - FAPA

24-Oct-2019

2019 African Economic Conference in Sharm el-Sheikh to foster jobs, entrepreneurship and capacity development for African youths

What: African Economic Conference Who: African Development Bank, Economic Commission for Africa, United Nations Development Programme When: 2-4 December 2019 Where: Sharm el-Sheikh, Egypt   The 2019 African Economic Conference (AEC), the leading platform for networking, dialogue and knowledge-sharing on pertinent issues facing Africa, will take place 2-4 December 2019 in Sharm el-Sheikh, Egypt. The conference is jointly organized by the African Development Bank, the United Nations Economic Commission for Africa and the United Nations Development Programme, on the theme...
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...
20-Aug-2019

Creating decent jobs - Strategies, policies, and instruments

This report is the product of the Vice-Presidency for Economic Governance and Knowledge Management. It is part of a larger effort by the African Development Bank Group to promote knowledge and learning, share ideas, provide open access to its research, and make a contribution to development policy. This report brings together some of the world’s leading labor and development economists to provide specific policy recommendations for creating decent jobs.
25-Sep-2018

African Development Bank Boosts Jobs for Youth in Africa Strategy with close to $2 Million

The African Development Bank’s Fund for African Private Sector Assistance (FAPA), has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative. FAPA, of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute $923,570 and $988,202 to finance the Bank’s Fashionomics Africa Digital Marketplace and Entrepreneurship & Innovation Lab (eLab) programs, respectively. Both programs form key components of the Bank’s Jobs for Youth in Africa Strategy,...
14-Aug-2018

The Youth – Africa’s Most Valuable Resource for Economic Transformation

With over 200 million people aged between 15 and 24, Africa has the largest population of young people in the world, with current trends indicating a doubling of the numbers by 2045. As the world commemorates International Youth Day this week, with the theme “Safe Spaces for Youth”, the African Development Bank reiterates its commitment to an inclusive and youth-focused economic transformation agenda for the continent. The perilous path to the North undertaken by thousands of Africans each year evokes indignation around the world. Equally damaging is the silent exodus of its...
27-Nov-2017

Africa needs to create right skills, provide funding for its young entrepreneurs, says Ashish Thakkar

Ashish Thakkar is the Founder and Chairman of Mara Group, an investment firm with a presence across 25 African countries. He founded the Mara Foundation in 2009 to foster and support emerging entrepreneurs through mentorship and venture philanthropy. Thakkar is also the Chair of the African Development Bank (AfDB)’s Presidential Youth Advisory Group (PYAG), a think tank inaugurated by AfDB President Akinwumi Adesina on November 27, 2017 to provide innovative solutions for Bank’s plan of creating 25 million jobs for African youth under its Jobs for Youth in Africa Strategy (JfYA...