The African Development Bank’s (AfDB) Fund for African Private Sector Assistance (FAPA) has provided funds totaling nearly US $2 million to its Jobs for Youth in Africa initiative.
FAPA, of which the Government of Japan is a major donor, along with the Austrian Government and the African Development Bank, will contribute $923,570 and $988,202 to finance the Bank’s Fashionomics Africa Digital Marketplace and Entrepreneurship & Innovation Lab (eLab) programs, respectively. Both programs form key components of the Bank’s Jobs for Youth in Africa Strategy, which invests in high-growth sectors with potential to promote youth and women’s empowerment, as well as create 25 million jobs over the next decade.
“Africa hosts the world’s youngest population, which will double to almost one billion by 2050. The continent needs to create jobs much faster, particularly for women and youth,” said Vanessa Moungar, Director of Women, Gender and Civil Society Department at the Bank.
“FAPA’s generous support will go a long way to accelerating the Jobs for Youth Entrepreneurship & Innovation Lab and Fashionomics Africa Digital Marketplace programs that contribute to meeting these needs,” Moungar further remarked on Thursday, 13 September 2018, during the funding announcement event, which was themed “Entrepreneurs 2.0 – When fashion meets technology”.
Attended by Bank staff, dignitaries, public and private sector stakeholders, the event was also graced by fashion designer PatheO’, known for making the distinctive, colorful shirts worn by the late Nelson Mandela and Salimou Bamba, Managing Director of Abidjan-based SME development firm, AGENCE CI PME.
The Fashionomics Africa Digital Marketplace and Entrepreneurship & Innovation Lab (eLab) programs align with FAPA’s vison to create an investment-friendly climate for micro, small and medium-scale enterprises (MSMEs) on the continent. They will also provide platforms for strengthening and promoting entrepreneurship that target women and youth-led businesses.
Launched in 2015, the Bank’s Fashionomics Africa initiative supports its “High 5” (http://bit.ly/2IeAT8x) priorities, in particular, the Jobs for Youth in Africa and Industrialization agenda. FAPA’s latest support for this initiative will enable the development of the digital platform and application designed to increase and facilitate access to markets and finance; provide access to relevant information,mentorship and networking opportunities as well as develop the skills, competencies and qualifications of African designers and fashion entrepreneurs.
The eLab program will provide innovative young entrepreneurs with financing, technical assistance and broader ecosystem support. With eLab, “We aim to support the next generation of business owners across the continent,” said Babatunde Olumide Omilola, Manager for Public Health, Security and Nutrition at the Bank. “Target beneficiaries are businesses started by young people and intermediaries that support business development, focusing on the three sectors identified as priorities by the Jobs for Youth in Africa strategy, namely agriculture, Information and Communication Technology and industry.”
Addressing Bank staff and guests, Mr. Takuji Yano, the Bank’s Executive Director for Japan, Saudi Arabia, Argentina, Austria and Brazil said: “Both projects focus on promoting entrepreneurship and ICT tools as drivers for development. By leveraging technology, African countries can enhance understanding of markets, expand education and employment, and deliver monetary benefits for the informal sector and government alike. We are happy to see this diverse, innovative and creative portfolio of FAPA’s proposals.”
NIGERIA: Governors Arrive Abuja For NGF Meeting
Governors from different parts of the country have arrived at the Nigeria Governors’ Forum secretariat in Abuja for a meeting.
During the meeting, as reliably gathered, the governors are expected to discuss the agenda for the next Federal Executive Council meeting and Local Government Funding, among other issues.
In attendance is the chairman of the forum and the Ekiti State Governor Kayode Fayemi, his deputy and Sokoto State Governor, Aminu Tambuwal.
Others are Benue State Governor Samuel Ortom; Anambra State Governor Willie Obiano; Jigawa State Governor Abubakar Badaru; Akwa Ibom Udom Emmanuel; Delta State Ifeanyi Okowa; Adamawa Umaru Fintiri
Makinde lauds IUFMP initiative , promises to end flooding in Oyo
Governor Seyi Makinde of Oyo state has expressed the readiness of his government to take proactive measures that would help put an end to flooding in the State.
Governor Makinde, who was represented by the Secretary to the State Government, Mrs. Olubamiwo Adeosun, made the pledge at the closing ceremony of the workshop on Ibadan flood forecast, early warning and implementation support programme held in the state capital, on Wednesday.
The Governor assured that his government would readily support the implementation of the Ibadan Urban Flood Management and other ongoing intervention projects in the state.
Contained in a statement signed by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, the Governor, commended the IUFMP on the flood forecast initiative, which he said: “will furnish our people with prior alerts about impending flood disasters”.
He stressed that it was that a scientific initiative that would alert the people of the possibility of a looming flood disaster was being launched.
Governor Makinde, also described the Ibadan Urban Flood Management Project (lUFMP) as a people-oriented project set up to change the narrative of incessant and ravaging flood disasters, adding that the project was in consonance with his campaign promises.
The statement added that the Governor had at earlier meetings with the IUFMP team given assurances that Government would take necessary steps to protect the people while charging that the stakeholders on the project to ensure that all hands were on deck to achieve the effective implementation of the initiative.
“Beyond building bridges, culverts, drain lines, and access roads which are on their own crucial towards ensuring the good life, we as a government also have a duty to give full support to the implementation of the IUFMP initiative that will furnish our people with prior alerts about impending flood disasters.
“This will enable our people to take proactive steps for the preservation of lives and properties. This is a step in the right direction and it will continue to enjoy maximum support of the State Government.
“It is pertinent that we are able to x-ray the factors that can ultimately protect our people from vulnerability to flooding, through adequate knowledge building and information flow on impending flooding and looming dangers. Such information, readily disseminated well ahead of time will save lives.
“I have been told that this workshop, which started yesterday is a two-day programme aimed at sensitising State officials, key stakeholder-agencies and representatives of communities situated along with flood-prone areas, while also informing high-level office-holders about the project,” the Governor said.
Governor Makinde further stated that the State would be expecting value for its investment in the project, which he noted should be in terms of “immediate gains in the area of safety of lives and properties, as well as measurable capacity building for our homegrown technocrats and public servants who would be required to sustain the initiative, post-IUFMP.”
Governor Makinde, however called on the operators of the project to ensure that the advantages of the project were transferred to other communities in the state through a form of knowledge transfer.
“As I have assured officials of the IUFMP before now, our government will continue to provide enabling environment for the success of other intervention works being carried out at different locations/communities within Ibadan. We expect that all such projects are delivered on schedule to enable our people reap the benefits,” the Governor submitted.
Terrorists Kill Five Soldiers In Mali
No fewer than five troops were killed in central Mali on Wednesday when their convoy was ambushed by jihadists, the armed forces confirmed.
The army on its Twitter feed said that the attack occurred on a road between the villages of Boni and Hombori.
“FAMA (the Malian armed forces) suffered five dead. Equipment was also destroyed,” it said.
A local official said gunfire was heard and another said “the jihadists… burned at least two military vehicles. At least two soldiers were also wounded.”
Northern Mali fell into the hands of jihadists in 2012 before the rebels were forced out by a French-led military intervention.
However, much of the region remains chronically unstable and since 2015 violence has spread to the centre of the country.
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