EMPOWERING NOVEL AGRIBUSINESS-LED EMPLOYMENT FOR YOUTH (AFDB-P-SL-A00-003)

Countries
  • Sierra Leone
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jul 18, 2016
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Sectors
  • Agriculture and Forestry
  • Education and Health
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.76 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported UAC 0.54 million
Converted using 2016-07-18 exchange rate.
Project Cost (USD)
$ 0.76 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported UAC 0.54 million
Converted using 2016-07-18 exchange rate.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Nov 30, 2017

Disclosed by Bank Jul 18, 2016


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The envisioned ENABLE-YOUTH project will support: a) Development of an enabling policy and business environment to incentivize entry of youth entrepreneurs in the Agriculture sector; b) Skills and entrepreneurship training in Incubation platforms so as to enable youth to champion improved production and evolution of competitive Agribusinesses; c) provision of business development and support services to enable agriprenuers to transition from incubation platforms to self-sustaining businesses. The business development component would include: preparation of business plan and financial support through start-up grants and financial intermediation with Commercial Financial Institutions. A PPF grant would be used to prepare analytical studies that would in turn inform the Project and appraisal document for the project. Project preparation activities will define a baseline and identify country-specific challenges that need to be taken into account to develop a project that takes into account the local context. The preparation activities would therefore seek to: (i) Identify and address supply-side labor market challenges that hinder employability of youth; (ii) Improve Labor demand (youth employment) in Agribusiness; (iii) Provide institutional and regulatory support for reducing barriers to entry for youth in Agriculture. Objectives The Project Development Objective (PDO) is to create decent and gainful employment and income generation for the youth in Sierra Leone by building a cadre of agriprenuers that meet the labour demands of competitive agribusiness ventures. A Project Preparation Facility (PPF) advance will be used to carry out feasibility and other preparation studies for the Empowering Novel Agribusiness-led Employment for Youth in African Agriculture (ENABLE-YOUTH) Project.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
TUCKER Christian Aboidun Darlar - RDGW4 ACCOUNTABILITY MECHANISM OF AfDB The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.

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How it works