AfDB and EIB to Boost Africa with New Initiative

The African Development Bank (AfDB) and the European Investment Bank (EIB) in partnership with the European Commission launched their Boost Africa initiative in Abidjan last month.

Boost Africa aims to encourage entrepreneurial African youths to create innovative businesses with the capacity to compete regionally and globally, to attract domestic and foreign direct investment, to create new and quality jobs, and contribute to inclusive and sustainable economic growth.

The Initiative is expected to leverage up to one billion euro in additional investments, and support over 1,500 start-ups and SMEs across the continent.

‘Boost Africa will help Africa’s young population to gain hope and confidence that they can succeed in realising their dreams and aspirations,’ said AfDB President Akinwumi Adesina. ‘Africa’s future will be determined by the current youth and it is crucial that we create and support entrepreneurship opportunities for youth, generate success stories and show these as examples for other young people.’

Watch the video above to find out more.