African markets

African Youth Matching Competition – African Markets

The Global Center on Adaptation, the African Development Bank and the Climate Investment Fund have launched a call for applications for the second edition of the Young African Adaptation Solutions Challenge (YouthADAPT).

Young entrepreneurs aged 18 to 35 are invited to present their business project via the official presentation portal. Twenty winners will each receive $100 and will receive training, mentorship and capacity building training.

YouthADAPT

YouthADAPT is an annual competition that invites young entrepreneurs and micro, small and medium-sized enterprises from Africa to pitch innovative solutions and business ideas that can drive adaptation and resilience to climate change across the continent. The commercially viable business or product must not be widely used.

The 20 winners will each receive $100 USD and benefit from education, mentorship and coaching to support their innovation in climate change adaptation in their communities and across Africa.

The objective of the competition falls under one of the pillars of the Africa Adaptation Acceleration Program (AAAP). The AAAP is a strategic partnership between the Global Center on Adaptation and the African Development Bank. Its objective is to respond to the triple impact of Covid-19, climate change and the economy.

O Competition

Candidates must be between 18 and 35 years old. Your business should be youth-led and provide solutions that address a real-life challenge. They must be registered and operating in Africa, and able to prove income for at least two years. 50% of finalists will be women or women-led businesses.

A deadline for the submission of applications is October 4, 2022.

Apply by visiting the application portal by clicking on HERE.

The Global Center on Adaptation (GCA)

The Global Center on Adaptation (GCA) is an international organization that functions as a solutions broker to accelerate action and support for adaptation solutions, from international to local, in partnership with the public and private sector.

Founded in 2018, GCA operates from its headquarters in Rotterdam, the Netherlands. GCA has a global network of regional offices in Abidjan, Côte d’Ivoire; Dhaka, Bangladesh and Beijing, China.

The African Development Bank (ADB)

The overall objective of the African Development Bank Group is to stimulate sustainable economic development and social progress in its regional member countries, thereby contributing to poverty reduction.

The Bank Group achieves this objective by mobilizing and allocating resources for investment in regional member countries and by providing policy advice and technical assistance to support development efforts.

In 2015, all multilateral development institutions agreed on the same set of goals, the Sustainable Development Goals.

Climate Investment Funds (CIF)

The CIF is one of the world’s largest and most ambitious multilateral climate finance mechanisms for developing countries seeking to transition to low-carbon, climate-resilient development and accelerate climate action. .

Its launch in 2008 was born out of the recognition by world leaders that climate change and development are inextricably linked and that large-scale climate-smart investments are needed to realize the green growth opportunities identified in the Sustainable Development Goals. (SDGs) of the UN.

What do you think of this competition on climate adaptation? Do you want to win $100,000? So compete, do not hesitate. We want to know your opinion, do not hesitate to comment and if you liked the article, share and give a “like/like”.

See also:

The AfDB and the importance of PALOPs in Africa

Picture: © 2022 Youthadapt

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