Public Management

African Development Fund helps create thousands of jobs for youth in Malawi

African Development Fund helps create thousands of jobs for youth in Malawi
Wednesday, 01 February 2023 11:26

Thousands of youths in Malawi have gained employment and some have even created jobs for their peers, thanks to a project supported by the African Development Bank. 

The Jobs for Youth in Malawi project implemented between 2017 and 2022 has helped develop an entrepreneurial culture among young people, from primary school to university according to the project completion report released by the bank on 24 January 2023.

The African Development Fund, the concessional lending arm of the African Development Bank Group, had provided a loan of $10.45 million and a grant of $1.73 million to Malawi for the project’s implementation. The objective was to improve the employability of the country's youth women and men by providing them with decent work, thereby promoting their economic empowerment. It also aimed to help them develop sustainable entrepreneurship. The Jobs for Youth in Malawi project focused on both training and technical assistance to training institutes. In addition, the initiative helped to provide practical training for out-of-school youths and to set up an internship programme for youths.

By the end of the project, a total of 14,933 young people were employed. Some of them went on to create jobs for others, and provide internships and vocational training through the business incubation programme in targeted sectors such as manufacturing, information and communication technology, agriculture and small-scale mining. These training programmes have resulted in the creation of 5,276 businesses. A B2B trade facilitation training programme for 110 young people delivered, 30 young people signed business deals to be supplying horticulture and other agricultural produce to large supermarkets and other agro-produce off-takers.

According to the African Development Bank report, project funds, including vocational entrepreneurship training, were reallocated to the construction of four technical colleges for training in the selected sectors mining, manufacturing, ICT and agriculture. The construction of technical colleges in Ngara, Mbandira, Neno and Naminjiwa has been completed. Furniture and equipment have been installed, and the colleges are now operational. At the time of the project’s conclusion, two of the four colleges had already enrolled a total of 225 youth, 114 youth in the garment sector and 111 in agriculture.

logo BAD

On the same topic
Profit down 23.3% in H1 2025 due to higher loan-loss provisions Non-bank subsidiaries post strong double- and triple-digit gains Group revenue up...
SA FinTech credit surged 38% to $2.9B (R55B), challenging banks' core market and projected to hit $17.7B (R337B) revenue by 2030. Foreign...
A third party is willing to assume Zambia’s $45 million debt to Afreximbank, potentially unlocking the country’s five-year debt restructuring...
COBAC places Nofia S.A. under administration amid broader MFI crackdown in Cameroon Reforms target governance and internal controls; several MFIs...
Most Read
01

Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and...

Sonatel Stock Nearly 19% Rise Over the Year, Signals Undervalued Telecom Giant Poised for Further Growth
02

Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M fu...

Wave Launches Commercial Bank in Côte d’Ivoire
03

Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, secu...

Presidential Elections: Paul Biya Declared Winner in Cameroon, Alassane Ouattara Favorite in Ivory Coast
04

ECOWAS will integrate AI into its early warning systems to strengthen crime prevention and intelli...

ECOWAS Deploys Artificial Intelligence to Combat Organized Crime
05

NGE wins two contracts for sanitation, coastal protection in Senegal Projects target Dakar’s Hann...

Senegal Selects French Group NGE for Two Environmental and Heritage Projects
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.