Early Warning System

Regions

Africa

Geographic location where the impacts of the investment may be experienced.

Countries

Senegal

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

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

Nov 26, 2024

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.

Borrower

Government of Senegal - Délégation Générale à l’EntreprenariatRapide des Femmes et des Jeunes

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Industry and Trade
Law and Government

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 78.66 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.

Bank Documents

Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 21, 2025

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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.

According to the Bank’s website, this programme includes flagship reforms such as women's and youth empowerment, raising the country's banking penetration rate, and granting credit for entrepreneurial initiatives. Driven by its desire to promote the country's economic sovereignty, the Government of Senegal gives absolute priority to food sovereignty and plans to establish regional agro-industrial hubs intended to exploit the country's agricultural and fishery resources. The goal is to offer an array of opportunities to young people through industrialization, together with the transformation and development of primary sector activities. Moreover, the other priority DER/FJ sectors remain consistent with the new policy guidelines of the State of Senegal.

PAVIE II is specifically designed to benefit young people within the 15-40 years age bracket and all women who are economically employed. Accordingly, it is a continuation of PAVIE I, thus consolidating previous successes and strengthening the commitment to promoting the entrepreneurship of women and young people.

This programme primarily targets the growth phase of empowered or non-empowered start-ups generated by various incubation or seed projects, such as PAVIE I or other entrepreneurial initiatives in Senegal (FONGIP, BMN, ADPME, 3FPT, etc.). The coordination system aims to formalize young entrepreneur benchmarking from one phase to the next. Overall, more than 27,819 individual businesses and groups or companies, 40% of which are run by women and 70% by young people, will be targeted and 92,633 jobs will be created(40% for women and 70% for young people).PAVIE II is designed to offer young people and women an enabling ecosystem that guarantees their access to skills development, technical support and funding for their activities.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [2] Moderate Risk

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

African Development Bank (AFDB)

Finance Type: Standard loan
Commitments (UA): 59,089,015
Conversion Rate USD (2024-11-26): 1,33136

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.

Kokou AMOUZOUVI
Youth Employment Officer JfYA, AHHD
African Development Bank
k.amouzouvi@afdb.org
www.afdb.org