Democratic Republic of Congo - Youth Entrepreneurship in Agriculture and Agri-Business Project


Project Summary

Approval Date 09 Dec 2016
Signature Date 10 Mar 2017
Planned Completion Date 31 Dec 2022
Last Disbursement Planned Date 31 Dec 2022
Sovereign / Non-Sovereign Sovereign
Sector Agriculture and Rural Development
DAC Sector Code 43040
Commitment U.A 40,000,000
Status Implementation

Project General Description

The Youth Entrepreneurship in Agriculture and Agri-Business Project (PEJAB) is the implementation of the "Enable Youth" strategy of the African Development Bank (ADB) in the Democratic Republic of Congo. This strategy is implemented in some thirty African countries to deal with the problem of youth unemployment and the lack of funding for the agricultural sector. The support proposed under this project aims to improve the value added of the agricultural sector and the access to finance in the agricultural sector by young people through the creation of 2,000 companies lead by 600 young graduates, the establishment of a risk-sharing mechanism for youth loans and a fund to cover potential climate risks. The interventions are organized around the following three (03) components: (i) improvement of youth entrepreneurship environment in agriculture; (ii) development of businesses; and (iii) project coordination and management.

Project Objectives

The sectoral objective of the project is the creation of wealth through the establishment of youth-run agribusinesses as well as the improvement of food and nutritional security. Specifically, it aims to create favorable conditions for the creation and management of successful agro-business enterprises by young people and the development of a political, organizational and institutional framework favorable to the promotion and development of these enterprises.

Beneficiaries

The project should benefit 6 000 young graduates directly, 50% of whom will be girls. It should also benefit some 20 agricultural cooperatives which will be potential suppliers and partners of the “agripreneurs”. These cooperatives are expected to comprise an estimated 5 000 farmers operating in the main agricultural value chains. Young people who have already been trained in IITA incubation centres should be the primary project beneficiaries, especially its financing segment. It should also help to create 2 000 businesses managed by young people and may generate 10 000 jobs. The indirect beneficiaries of the project, comprising producer organizations and other suppliers of input for young “agripreneurs”, are amount to about 100 000 people.

Participating Organization

Funding
African Development Fund
Implementing
Ministère des Finances et du Budget et Ministère de l'Agriculture

Information

IATI identifier 46002-P-CD-AB0-006
Last Update 31 Oct 2019

Export

Contact Details

Name SOW Aminata
Email a.sow@afdb.org

Geographic Location

Country Congo, the Democratic Republic of the