Nadya Eka Lestari
TechInAfrica — The African Development Bank (AfDB) has announced a partnership with Seedstars World, a Swiss-based startup recently. This collaboration aims at implementing its innovative “job creation track” model to support youth employment and entrepreneurship in Africa.
The exclusive partnership between the AfDB and Seedstars World is aligning with AfDB’s entrepreneurship and innovation lab under its Jobs for Youth in Africa (JfYA) strategy. The goal is to create 25 million jobs and equip 50 million young people with skills to enhance their employability and entrepreneurial success by 2025. The strategy will support countries to encourage entrepreneurship, youth employment, and economic development with a focus on young women.
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Seedstars World is organized to add the criterion “the potential for job creation” in selecting the local competition winners. The AfDB will select and award the start-up that demonstrates the most potential for sustainable job creation with three months’ access to the Seedstars investment readiness program. The AfDB will as well be the main partner for the remaining local boot camps, as well as a two-day private boot camp during the Seedstars Africa Summit set to be staged between December 2 and 5, 2019 with focus on improving gender balance across all activities.
The Summit will gather its network of start-ups, investors, mentors, ambassadors, partners and more than 300 key stakeholders across the continent. This event is considered as a catalyst for the best business and investment opportunities in the region,
Speaking in a statement, Tapera Jeffrey Muzira, Jobs for Youth in Africa Coordinator, said, “This is a spectacular initiative which will jump-start Africa’s encouragement of youth involvement in business enterprise and job creation. This partnership between the Bank and Seedstars World is an electrifying component of the Bank’s continuing commitment to sustainable job creation for women and young people across the continent.”
Source: devdiscourse.com
