Browsing: Africa Youth entrepreneurship

• Tanzania hosts World Bank Group Human Capital Project (HCP)
• President Samia announces national efforts to increase youth employment
• Africa suffers the lowest learning poverty in the world

It is now three years since the World Bank Group launched the Human Capital Project (HCP) in 2018, and Tanzania is making the best of the initiative.

Let’s first look at the World Bank Group’s intentions under the Human Capital Project (HCP) and then see how Tanzania intends to lead the rest of Africa in the implementation of the project. The HCP is a global effort to “accelerate more and better investments in people for greater equity and economic growth.”

The HCP is an initiative by the World Bank to help countries increase employment and employability of their workforce.

Since its launch in 2018, the initiative now has some 87 members. On July 25, Tanzania hosted the launch of the Africa Heads of …

Africa’s youth unemployment is one of the many “poly-crises” destabilising many countries and impeding economic recovery following recent disruptions and challenges. According to the just-released International Labor Organization’s (ILO) annual Monitor of the World of Work study, low-income African nations are unlikely to return to pre-pandemic levels of unemployment this year.…

• According to UN estimates some 53.6 million tonnes of e-waste was generated around the world in 2019.
• The World Economic Forum (WEF) estimate that the annual generation of e-waste will reach 74.7 Mt by 2030.
• Extended Producer Responsibility (EPR) is a policy or principle that is designed to promote total life cycle of products.

Mobile phone manufacturers release new devices almost every other quarter. Ever wondered what happens to the old ones?

Actually, what happens to old (or not so old) electronics that are simply out-paced by newer technology? Well, just like used cars and clothing, they are exported to Africa and other developing nations.

The so called export of used consumer goods to Africa is nothing more than dumping of electronic waste from rich, developed countries to unsuspecting developing nations that in most cases are forced by loan and grant conditions to buy the environmentally harzadous goods.

Known as …

The project emphasises that young people are starting businesses, which is essential to meeting our lofty employment goals.

Through a public-private partnership model, the alliance aims to assist the creation of national institutions that will scale up financial and technical support for young entrepreneurs and increase their capabilities.

The African Development Bank created the Youth Entrepreneurship Investment Bank as a unique value proposition that integrates and anchors work to create African entrepreneurship ecosystems.

The bank will coordinate the necessary financial and non-financial parties and partners through this project to fulfil their responsibilities for supporting young entrepreneurs through mentoring, training, experience and knowledge exchange, and other means.…