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Madagascar - Program for Promoting Youth Entrepreneurship in Agriculture and Agro-industry (PEJAA) – Project 1

Sector: Raw Materials • Location: Madagascar

Source: African Development Bank (AfDB)

Project

The Program for the Promotion of Youth Entrepreneurship in Agriculture and Agro-Industry (YAMP) - Project 1 is part of the implementation of the Strategy for the Transformation of African Agriculture for 2016- 2025 of which it is one of the flagship initiatives. It aims to create favorable conditions and opportunities for the creation of decent jobs for young men and women along priority agricultu

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The project “Madagascar - Program for Promoting Youth Entrepreneurship in Agriculture and Agro-industry (PEJAA) – Project 1” is an infrastructure initiative in the Raw Materials sector, located in Madagascar. Taiyo aggregates data on it from African Development Bank (AfDB).

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Description

Description

The Program for the Promotion of Youth Entrepreneurship in Agriculture and Agro-Industry (YAMP) - Project 1 is part of the implementation of the Strategy for the Transformation of African Agriculture for 2016- 2025 of which it is one of the flagship initiatives. It aims to create favorable conditions and opportunities for the creation of decent jobs for young men and women along priority agricultural value chains. The project also takes into account the main factors of fragility in Madagascar, particularly those related to food insecurity, youth unemployment, land insecurity, lack and mismatch between qualifications and jobs, access to finance, vulnerability to natural disasters (droughts, floods and cyclones), persistence of traditional farming methods and lack of economic opportunities. The project has four components, namely: (i) the creation of an enabling environment for the development of youth entrepreneurship in agriculture and agribusiness; (ii) the development of youth entrepreneurship in agribusiness; (iii) financing and installation of young agripreneurs; and (iv) project management. The project strategy focuses on training young graduates of higher education in trades along agricultural value chains and in business management. Thus, it is planned to train, over 3 years, 410 agripreneurs in the various incubation centers. The young people thus trained will be assisted to develop their business plans and will receive a donation for the installation of their companies. The total cost of the project is estimated at UA 5.560 million. Its implementation will generate jobs, promote entrepreneurship and food security thus contributing to the resilience of populations.

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High

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100%

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