What is Boost Africa?
Africa has some of the world’s fastest-growing economies and a young, and quickly growing population. However a consistent trend in young graduates leaving or failing to return home at the end of their studies is an increasing threat for the continent’s social, economic, environmental and technological progress.
Boost Africa, a joint initiative between the African Development Bank (AfDB) and the European Investment Bank (EIB), and one of the flagship initiatives of the AfDB’s Jobs for Youth in Africa strategy, aims to harness the continent’s potential, and create opportunities on the ground through:
enabling and enhancing entrepreneurship and innovation across Africa;
creating new and quality jobs for young Africans;
contributing to the development of an efficient entrepreneurial ecosystem in Africa;
addressing the financing gap at the earliest and riskiest stages of enterprise creation; and
developing and strengthening skills and expertise with young entrepreneurs.
Boosting the entrepreneurial power of Africa’s young people will:
create innovative and compelling modern businesses;
increase the capacity for these businesses to compete regionally and globally;
attract both domestic and foreign investment and diversify investor profile;
contribute significantly to job creation and economic growth.