AAAP in the Media
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Youth Entrepreneurship and SME Development Lusophone Compact Facility Phase I
Guinea-Bissau has the highest proportion of natural wealth per capita in West Africa. In addition, the country also has a youth population that accounts to more than 50 percent, an undeniable potential to drive economic growth. The country’s economic revival requires the inclusion of women and youth in business activities. The promotion of entrepreneurship among the youth can be a promising path for providing professional opportunities for this large - and growing - population group.
To promote private sector growth through youth entrepreneurship skills development and support to small and medium-sized enterprises (SMEs) for job creation in Guinea Bissau, through:
- Fostering an enabling environment for SMEs, investors, and financial institutions
- Strengthening SMEs and SME support partners and facilitating investments to unlock value-chains
- Establishing facilities and financing to provide quality and affordable access to finance for SMEs
- Provide a financial contribution to conduct the assessment of “adaptation jobs” opportunities in the project
- Run the procurement process to contract a sub-grantee to carry out the assessment
- Participate the appraisal missions and review the appraisal report of the project with regards to “adaptation jobs”
- Support project team to provide clarity on climate change adaptation and resilience in the appraisal report and define the target for “adaptation jobs” in the result framework of each project
- Define adaptation measures for testing during the assessment and further be recommended to the project implementation teams
- Enhance youth entrepreneurship skills and Enterprise Support Organizations operational capacities for sustainability
- Establish a facility for the development of SMEs and access to finance
- Promote linkages between SMEs and large size enterprises to ease access to markets
- Develop a digital platform to connect SMEs between themselves, with customers and large enterprises.
- Building the capacity of SMEs in growing their businesses and their readiness for financing, including women and youth-led SMEs
- Strengthened financial sector including the type of innovative financial instruments to help SMEs access quality and affordable financing for SMEs
- Improved linkages between SMEs and large-scale enterprises to enhance ease of access to markets
- Unlocked key value chain efficiency and quality constraints
AfDB investment USD 10.5 Million
Reinforcing Resilience to Food and Nutrition Insecurity in the Sahel (P2-P2RS)
The Sahel, which lies between the Sahara Desert to the north and tropical savannas to the south, is one of the largest semi-arid/arid sub-regions globally. As such, the region is highly vulnerable to climate change and other uncertainties. The impacts of climate change may have critical socio-economic consequences for the Sahel, including poor agricultural yields, increased frequency of natural disasters. Already, the number of people in the Sahel suffering from chronic food and nutrition insecurity, poverty and vulnerability to the effects of climate change is rising steadily.
A lasting solution to food and nutrition insecurity in the Sahel requires building resilience to climate change, long-term agricultural sector financing and developing trade and regional integration. Sustained, longer-term investments in household resilience can significantly reduce the cost of emergency assistance, ultimately breaking the cycle of recurring famine. This is the most cost-effective intervention option which meets the basic needs and preserves the dignity of the populations of the Sahel. This idea is central to the Programme to Build Resilience to Food and Nutrition Insecurity in the Sahel (P2RS)
The overall objective of the P2-P2RS is to contribute to the substantial improvement of the living conditions and the food and nutritional security of the populations of the Sahel region.
Specifically, the program aims to i) strengthen the resilience to climate change of agro-sylvo-pastoral producers, including through promotion of climate-smart agricultural technologies in the Sahel and the development of climate intelligent villages; ii) develop the agro-sylvo-pastoral value chains, including through the development and improvement of hydro, meteorology and climate services; and iii) support regional institutions (CILSS, APGMV, CCRS) to strengthen adaptive capacity in the Sahel.
- Design digital adaptation solutions (Digital Climate Advisory Services, DCAS) for the Sahel context
- Investment readiness and infrastructure, institutional and farmer capacity needs for DCAS
- Feasibility study to integrate DCAS into agricultural extension and agrometeorological advisory to smallholder farmers and pastoralists
- 1 million rural households have access to digital or data-enabled climate-smart technologies
- 500,000 smallholders have adopted adaptation practices
- 5 million smallholders have access to climate services;
- Development and improvement of hydro, meteorology and climate services
- The development of climate-intelligent villages
- Promotion of climate-smart agricultural technologies in the Sahel
- Resilience to food and nutrition security built for the targeted populations
USD 300 million
Global Center on Adaptation and African Development Bank call for applications for the African Youth Adaptation Solutions Challenge
The Global Center on Adaptation (GCA) and the African Development Bank have launched a call for applications for the first edition of the African Youth Adaptation Solutions (YouthAdapt) Challenge.
The call encourages young entrepreneurs, innovators from micro, small and medium-sized enterprises (MSMEs) and other youth-led and youth-owned enterprises in Africa, to implement solutions for building resilience and adapting to the adverse impacts of climate change. Young entrepreneurs between the ages of 18 and 35 are invited to respond to the call for the expression of interest and submit their business plan through the official submission portal.
With a strong focus on youth and gender, winners of the YouthAdapt Challenge will be awarded business grants of up to $100,000 each and the opportunity to participate in a 12-month business accelerator program to help them scale up their businesses, deepen their impact and create decent jobs. In addition, the winning youth-led enterprises will be provided with mentorship and support to expand partnerships, knowledge sharing and learning through a network of young entrepreneurs in climate adaptation.
The African Youth Adaptations Solutions Challenge is part of the ‘Empowering Youth through Jobs and Entrepreneurship’ pillar of the Africa Adaptation Acceleration Program (AAAP), a strategic partnership between the GCA and the African Development Bank aimed at galvanizing climate-resilient actions through a triple win approach to address the impacts of Covid-19, climate change and the economy.
The competition aims to leverage the resources, complementary expertise and networks of both organizations to support the ‘missing-middle’ of mid-sized companies in the areas of funding, thereby promoting sustainable climate adaptation and resilience practices on the African continent.
Announcing the YouthAdapt Challenge to a group of global leaders at the High-Level Dialogue: The Adaptation Acceleration Imperative for COP26 held in Rotterdam, Netherlands on Monday 6th September 2021, Patrick Verkooijen, CEO of the Global Center on Adaptation said: “Our vision is to empower one million young people in Africa with the financing and skills they need to pursue jobs and careers in climate adaptation. With this new challenge we aim to unlock the business opportunities in adaptation action by innovative youth-owned enterprises and prepare a new generation of African youth for the transition towards green and climate-resilient development.”
“The YouthAdapt Challenge will unleash the entrepreneurial drive and capacities of African youth to grow their businesses, address the continent’s pressing climate challenge and create decent jobs, building a more climate-resilient Africa”, said Akinwumi Adesina, African Development Bank’s President, affirming the Bank’s commitment to invest in the youth.
Twenty youth-led enterprises will be shortlisted at the end of the application window on 6th October 2021 and invited to submit videos for a jury panel review ahead of the finals and an award ceremony at COP26 in Glasgow on November 8, 2021. At this event, ten winners will be selected, 50% of which will be women-led enterprises.