The European Union (EU) and the European Investment Bank (EIB) have invested €108 million through the Boost Africa initiative to support entrepreneurs across Africa, leveraging the funding to attract an additional €400 million and create up to 15,000 jobs.
EU Ambassador to Nigeria and ECOWAS, Gautier Mignot, disclosed this on Wednesday in Abuja at a media briefing on the Boost Africa Impact Forum, themed, “Investing in Africa’s Next Generation of Entrepreneurs: From Investment to Impact.”
Mignot said the initiative reflected the EU’s long-term partnership with Africa under its Global Gateway strategy, which seeks to promote sustainable growth, leverage private investment, create jobs and strengthen local value chains.
He said the EU was working with its member states and development banks as “Team Europe” to develop quality partnerships capable of generating sustainable economic opportunities, particularly for young people.
According to him, the significance of Boost Africa goes beyond the amount of money invested, as its ultimate objective is to create tangible improvements in the lives of people through entrepreneurship, innovation and job creation.
He said, “What matters most is the impact on people. And today’s event is precisely about more than investment figures: it’s about people, it’s about entrepreneurs, it’s about innovation, it’s about jobs and opportunities created when Africa’s talent is matched with the right partners and the right financing.”
Mignot described Africa’s young entrepreneurs as among the continent’s greatest assets, saying their ideas could transform economies, strengthen communities and create sustainable prosperity.
He said Boost Africa demonstrated how collaboration among the EU, EIB, African Development Bank, venture capital partners and…
Source link
Read Full Article by Kazeem Biriowo at tribuneonlineng.com
Source link
