Public Management

Ghanaian and Senegalese entrepreneurs to benefit from African Development Bank YEI MDTF grant for green jobs

Ghanaian and Senegalese entrepreneurs to benefit from African Development Bank YEI MDTF grant for green jobs
Monday, 08 April 2024 12:19

The African Development Bank, through its Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI MDTF), has approved a $999,000 grant to support an initiative to foster green jobs for women, youth and people with disabilities.

The Strengthening Women, Youth and People with Disabilities’ Micro-Entrepreneurship for Green Jobs in Natural Resources (MicroGREEN) project aims to foster inclusive economic growth by providing up to 500 green job opportunities and business development services to marginalized groups in Ghana and Senegal.

The target reach group includes women, youth and people with disabilities/special needs, engaged in managing natural resource sectors such as agroforestry, fisheries and biodiversity.

The MicroGreen project, to be implemented over two years, will empower  with entrepreneurship capacities and business skills at least 1,000 youth aged 15-35 years with female youth-led (60%) , people with disabilities/special needs ( 10%) and other youth (30%) in both countries.

By focusing on capacity building and utilizing value chain-based SME development models, the project endeavors to enhance employment creation, ensure the sustainability of micro-enterprises, and integrate beneficiaries into the economic systems.

Implemented by Invest in Africa, a non-profit organization dedicated to fostering African SME growth and creating prosperous economies across the continent, the MicroGREEN project will leverage its expertise in market access, skills development, and access to finance to drive sustainable business growth and job creation in Ghana and Senegal.

The African Development Bank founded the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund in 2017 to promote innovation and entrepreneurship as well as to create durable and sustainable jobs for youth on the continent. The trust fund provides grants to support the Bank’s Jobs for Youth in Africa Strategy programs and initiatives. The Jobs for Youth in Africa Strategy aims to create 25 million jobs and equip 50 million youth with employable and entrepreneurial skills by 2025.

1982 agency

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce...
Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in...
Cameroon backed $44.9M in BDEAC loans to three private firms Treasury guarantees cover 50% of loans for hotel, plant, logistics projects...
State buys back 95 % of ENEO from Actis for CFA78 billion ($137 million) Government plans to refinance ENEO’s CFA800 billion debt and tighten...
Most Read
01

China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...

South Africa Loses More Support as Xi Jinping Also Skips the G20 Summit
02

DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...

DRC, Eyeing AI for Farms and Mines, Seeks to Launch Academy with China’s Huawei
03

Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...

Airbus Delivers First of Ten Rolls-Royce Trent 7000-Powered A330-900neo to Air Algérie
04

Nigeria’s NIP ranks among the world’s largest real-time payment platforms, underscoring its centra...

Africa’s Real-Time Payments Acceleration Signals a New Era of Competition and Integration
05

After two years of limited testing, WhatsApp will soon let users and businesses hide their phone num...

WhatsApp to Launch Usernames in 2026, Changing How Customers Reach Businesses
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.