The African Development Bank (AfDB) has approved a $39.2 million loan to Burkina Faso for a project aimed at boosting skills development and resilience among young people, and particularly women.
The Multisectoral Project to Support Skills Development for Resilience will be financed through a $13.2 million contribution from the African Development Fund, AfDB Group’s concessional window, and $26 million from the Transition Support Facility, a mechanism designed to assist countries facing significant challenges, the Bank announced on Monday.
The project is expected to create at least 20,000 jobs and indirectly benefit 175,000 individuals. According to AfDB, its primary goal is to offer young people an alternative to violence and prevent radicalisation by creating opportunities for skills development and employment.
ALSO READ: Millions of dollars pumped into African SMEs.
Key project components, the Bank stated, include occupational training for 61,830 people affected by the security crisis, support for 800 youth entrepreneurs, equipping and capacity building for 35 vocational training centres, financing for 1,200 youth-led projects and 2,000 women-led enterprises, and constructing 1,000 poultry farms and 1,000 small ruminant pens.
Furthermore, there will be models on human rights and peacebuilding, civic education, and the promotion and adoption of climate-resilient technologies, including nature-based solutions.
Daniel Ndoye, the Bank’s Country Manager in Burkina Faso, emphasised the project’s importance.
“The project comes at just the right time, given the challenging social and security context, characterized by high numbers of internally displaced persons and young people who are facing either unemployment or under-employment and are therefore vulnerable to terrorists,” Ndoye said.
He added that the project would strengthen Burkina Faso in its efforts to reduce youth vulnerability by creating decent jobs and providing access to essential social services.
The project is also expected to improve access to basic services and support distance-learning at Koudougou University (Centre-Ouest region), which currently has the largest number of internally displaced students, the Bank’s Country Manager highlighted.
