Afreximbank, Initiative Partner To Empower 300 African Youth Entrepreneurs

African Export-Import Bank (Afreximbank) and the Grand Africa Initiative (GAIN) have partnered

through a grant, aimed at facilitating the training of 300 young African entrepreneurs.

The training programme will focus on entrepreneurship and intra-African trade and is set to commence in March 2024.

The GAIN-Afreximbank Masterclass on Entrepreneurship and intra-African Trade has been meticulously designed to equip young African entrepreneurs from various regions of the African continent with essential skills to foster the growth and expansion of their enterprises beyond their individual national borders.

Over a comprehensive six-week programme, participants will gain valuable insights into how to build and expand their businesses leveraging the intra-African Market. Participants will receive technical guidance, practical training, and business advisory from a faculty of international experts.

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Moreover, this programme aims to enhance inclusivity in the implementation of the African Continental Free Trade Area (AfCFTA) by offering interventions that specifically support young Africans, women, and small and medium-sized enterprises.

Interested individuals are encouraged to submit their applications through the official programme website at www.grandafrica.org. Prospective entrepreneurs will be selected from across Africa and are required to meet the following criteria:

Must be between age 20 to 45 years old, must be a registered business entity.

They must also be of African descent, have a business in Africa, have a business that has been in operation for a minimum of two years, have access to a stable internet connection and electricity and have a good knowledge of English Language

Director, AU/AfCFTA Relations and Trade Policy, Afreximbank Yusuf Daya, emphasised the crucial importance of capacitating young African entrepreneurs to take full advantage of the opportunities availed by the AfCFTA.

“Our renewed support to the GAIN Masterclass underscores the Bank’s efforts to develop skills of African youth and build African entrepreneurial capacity under the Afreximbank Academy (AFRACAD). We look forward to an even more successful program in 2024 following the highly impactful masterclass in 2022 which helped build the capacity of 200 entrepreneurs from across the continent.”

Also,  the partnership lead at GAIN, Jerry Ojima Momoh, expressed his enthusiasm, stating, “This marks the fifth edition of GAIN Entrepreneurship masterclass series designed to empower African youths.

“We have two series so far focused on training women and three series now open to both male and female. We are happy to have this partnership with Afreximbank again this year to provide invaluable entrepreneurial support to young entrepreneurs.”