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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.

In the future, Adanian Labs wants to get past the current phase, in which the flow of deals around the world is slowing down, and rise to power more start-ups and take over more markets across the continent.

In just two years, Adanian Labs has expanded out of Kenya and into Tanzania, Zambia, South Africa, and Nigeria, which are some of Africa’s biggest start-up and tech hubs.

It wants to have a presence all over Africa by 2025, and it is working hard to help build 300 companies in the next five years. In the meantime, the lab plans to set up shop in the Democratic Republic of Congo (DRC), Senegal, and the Ivory Coast. It is also thinking about using a franchise model to speed up its growth.

Adanian Labs start-ups can easily expand into other markets because they can use the existing infrastructure of the venture studio as a springboard.