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2 clusters · 4 sources · 27 days · First seen · Last updated

African economic development and manufacturing investment

Overview

Efforts to stimulate economic growth and job creation in Africa are being driven by various investment and manufacturing initiatives.

The Africa Jobs Fund has established goals to mobilize $100 million toward export manufacturing and international labor mobility. The organization aims to catalyze high-impact companies to create $50 billion in income gains for African workers and double the lifetime incomes of over 250,000 low-income individuals.

In Nigeria, the UK government-backed Manufacturing Africa programme has mobilized over $630 million for 23 businesses over a six-year period. This initiative has supported the creation or safeguarding of more than 21,400 direct jobs. Rather than providing direct capital, the programme focuses on strengthening investor readiness and connecting businesses with capital sources. To further assist growth, a new digital Fundraising Toolkit has been launched to help Nigerian businesses attract investment and scale operations.

Entities

Jonny Baxter · Pete Vowles · UK Government · The Africa Jobs Fund · Renaissance Philanthropy

Timeline

  1. [BUSINESS] 2 sources
    Manufacturing Africa programme mobilizes $630m in Nigeria

    The UK-supported Manufacturing Africa programme has mobilized over $630 million for 23 Nigerian businesses, creating or safeguarding more than 21,400 direct jobs over six years.

  2. [BUSINESS] 2 sources
    The Africa Jobs Fund targets income growth via manufacturing and labor mobility

    The Africa Jobs Fund aims to mobilize $100 million to boost African incomes through export manufacturing and international labor mobility investments.

Sources

gatmash.com · impactalpha.com · innovation-village.com · selibeng.com