|Approval Date||02 Dec 2019|
|Signature Date||06 Mar 2020|
|Planned Completion Date||30 Jun 2025|
|Last Disbursement Planned Date||31 Dec 2025|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||31110|
The ENABLE Youth Eritrea is a skills and capacity development project for youth, whose Bank financing comes from the TSF Pillar I window. It is one of AfDB’s ENABLE Youth Initiatives under the Bank’s Feed Africa Strategy for Agricultural Transformation in Africa. The Bank’s ENABLE Youth initiative is a comprehensive program that builds entrepreneurship in agribusiness via skill acquisition and creates an enabling environment in which young men and women become owners of profitable agribusinesses. The program seeks to encourage the creation and growth of growth of sustainable commercially viable youth agribusinesses by supporting the development of wellstructured agribusiness projects, and providing commercial loans and other financial products/services available for investment in a range of agribusiness ventures, market access, capacity development, risk management, and networking. Eritrea was among the countries in the continent that expressed keen interest in participating in the Bank’s ENABLE Youth Program and requested the Bank’s support for financing. The project will contribute to the objectives of the country’s Integrated Five-year Agricultural Strategic Plan (2019-2023) by identifying innovative and enterprising youth agripreneurs who are willing to pursue business opportunities in agribusiness along key agricultural value chains in the country. It will engage all stakeholders along the agricultural value chain, thus strengthening the entrepreneurship ecosystem and growth of agribusiness ventures. Moreover, the project promotes Public-Private Partnership (PPP) through active collaboration with private enterprises including their participation in the training and apprenticeship of beneficiary students. The total cost is estimated at UA 14.38 million, of which AfDB is financing UA 13.12 million (91.2 %). The project implementation is expected to start in 2020 with a duration of five years.
The overall goal of the Bank’s ENABLE Youth Program is to contribute to job creation, food and nutrition security, income generation and improved low carbon climate resilient livelihoods for youths in both urban and rural areas. The specific objective of the ENABLE Youth Eritrea project is to create business opportunities and decent employment for young women and men along priority agricultural value chains through the provision of entrepreneurship skills, funding and business linkages.
The targeted beneficiaries are youth between the ages of 18 to 35 years with at least a secondary school graduates/certificate in any field of study with 50% participation of each gender. The project is expected to train and empower 1,000 (50 % female) Agricultural Entrepreneurs (Agripreneurs), out of which 800 agribusinesses are expected to be generated. Each of the agribusinesses is expected to employ on average five other support workers, generating about 5, 000 direct jobs (including at least 2,500 for young women) in the first five years of the project. For those agripreneurs that are not successful in establishing businesses, they will be better positioned to enter the professional agriculture jobs market and find employment. Additionally, the project will have an impact on Eritrea’s social, human and financial capital at farm and rural enterprise levels in targeted commodity value chains of horticultural, livestock and fisheries products, as well as from input supplies, equipment leasing, value addition and marketing.
Fragile States Facility
Government Of Eritrea
MINISTRY OF AGRICULTURE
|Last Update||23 Sep 2020|
|Name||EGEH Mohamud Hussein|