|Approval Date||11 Jan 2018|
|Signature Date||12 Feb 2018|
|Planned Completion Date||31 Dec 2021|
|Last Disbursement Planned Date||31 Dec 2021|
|Sovereign / Non-Sovereign||Sovereign|
|Sector||Agriculture and Rural Development|
|DAC Sector Code||31110|
The Program for the Promotion of Youth Entrepreneurship in Agriculture and Agro-Industry (YAMP) - Project 1 is part of the implementation of the Strategy for the Transformation of African Agriculture for 2016- 2025 of which it is one of the flagship initiatives. It aims to create favorable conditions and opportunities for the creation of decent jobs for young men and women along priority agricultural value chains. The project also takes into account the main factors of fragility in Madagascar, particularly those related to food insecurity, youth unemployment, land insecurity, lack and mismatch between qualifications and jobs, access to finance, vulnerability to natural disasters (droughts, floods and cyclones), persistence of traditional farming methods and lack of economic opportunities. The project has four components, namely: (i) the creation of an enabling environment for the development of youth entrepreneurship in agriculture and agribusiness; (ii) the development of youth entrepreneurship in agribusiness; (iii) financing and installation of young agripreneurs; and (iv) project management. The project strategy focuses on training young graduates of higher education in trades along agricultural value chains and in business management. Thus, it is planned to train, over 3 years, 410 agripreneurs in the various incubation centers. The young people thus trained will be assisted to develop their business plans and will receive a donation for the installation of their companies. The total cost of the project is estimated at UA 5.560 million. Its implementation will generate jobs, promote entrepreneurship and food security thus contributing to the resilience of populations.
The program aims to reduce youth unemployment through the transformation and modernization of Malagasy agriculture, with the consequent enhancement of food and nutrition security. More specifically, it aims to promote the creation of remunerative jobs and generate income for young people in Agriculture and Agro-Industry through, in particular: (i) the establishment 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. The project will train 410 young agripreneurs, 50% of whom will be women over a period of 3 years, and it is estimated that at least 370 young people, 50% of whom are women, will set up as entrepreneurs. However, the training mechanism and the financing mechanism put in place, based on revolving funds, will make it possible to train and install an average of 500 agripreneurs every year. The project will generate at least 2,500 direct decent jobs per year by the fifth year. Other beneficiaries include service providers along selected value chains.
African Development Fund
Fragile States Facility
Ministère Délégué auprès de la Présidence en charge de l'Agriculture et de l'Elevage
|Last Update||31 Oct 2019|