|Approval Date||13 Apr 2016|
|Signature Date||23 May 2016|
|Planned Completion Date||30 Jun 2019|
|Last Disbursement Planned Date||30 Jun 2019|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||31110|
The proposed project concerns the Project Preparation Facility (PPF) for Youth Entrepreneurship in Agriculture and Agro-Industry Program (Enable Youth). Enable Youth Madagascar is an autonomous investment project for promoting youth entrepreneurship in agriculture and agroindustry. It is part of the implementation of the Strategy for the Transformation of African Agriculture for the period 2016-2025, which is one of the flagship initiatives. The project's strategy focuses on supporting talent development, job creation and entrepreneurship development by and for young people. This initiative is expected to lead to the emergence of microenterprises in value-added agribusiness, decent jobs, enhancing food security and more economic opportunities for the community, especially for young people and women. The project also takes into account the main factors of fragility in Madagascar, particularly those related to food insecurity, youth unemployment, land insecurity, the mismatch between skills and jobs, access to finance, vulnerability natural disasters (droughts, floods and cyclones) and climate change, inadequate rural infrastructure, persistence of traditional farming methods and lack of economic opportunities. The first phase of the project, subject of this support, will be implemented over 3 years.
The programme aims to reduce youth unemployment through the transformation and modernization of Malagasy agriculture, with as a result, the strengthening of food and nutritional security. More specifically, it will promote the creation of income-generating jobs and generate income for young people in Agriculture and Agro-Industry through, in particular: (i) the creation of favorable conditions for the emergence of and the growth of successful agriculture and agri-food businesses by youth and (ii) the financing of young agripreneurs' businesses along the agricultural value chain.
The direct beneficiaries of the program will be mainly graduates of higher education. It's expected to train, over the 3 years of its first phase, 410 young agripreneurs, 50% of whom are women, and it is estimated that at least 350 young people trained will set up as entrepreneurs. The project will generate at least 1791 direct jobs. Other beneficiaries include service providers along selected value chains.
African Development Fund
Ministry Delegate at the Presidency in of Agriculture and Livestock
|Last Update||11 Jul 2020|