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AfDB: We’re developing investment banks for youth-owned businesses | TheCable

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African Development Bank says it is designing financial institutions that will invest in businesses owned by youths.

Akinwumi Adesina, president, AfDB, said this on Friday at the end of the bank’s 2022 annual meetings in Accra, Ghana.

“This project reinforces the affirmative finance action for women in Africa initiative , through which the bank has made $420 million available for women’s businesses in 2021. This will be increased toAdesina also said the bank had invested $1 billion in special agro-industrial processing zones to curb food losses.

“These are the new investments the bank is making and will be close to the areas that the farmers are producing, enabled with water, infrastructure, logistics so that the food and agriculture processing companies can be located close to the zones,” Adesina added.

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AfDB_Group akin_adesina Nice one. That's the way forward for African youths.

akin_adesina AfDB_Group 👏🏾👏🏾👏🏾👏🏾

akin_adesina AfDB_Group Well done sir, Is there any platform where we can register to benefit from this opportunity? Thank you sir

AfDB_Group akin_adesina Am interested in the investment bank, am passionate about helping Entrepreneurs bridge their Project Funding Gap, nigerian is in there need.

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