AfDB partners Seedstars World to propel startups

The African Development Bank (AfDB) and Seedstars World, a Swiss-based startup competition in emerging markets, have  announced a strategic partnership to implement  the firm’s  innovative “job creation track” model to support youth employment and entrepreneurship in Africa.

In a statement, the AfDB said the partnership was in line with its entrepreneurship and innovation lab under its Jobs for Youth in Africa (JfYA) strategy, adding  that “the aim is to create 25 million jobs and equip 50 million young people with skills to enhance their employability and entrepreneurial success by 2025.”

It said the strategy will support countries to stimulate entrepreneurship, youth employment and economic development with a focus on young women.

According to the statement, as part of the ‘job creation track’, Seedstars World is adding the criterion “the potential for job creation” in selecting the local competition winners.

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