Akinwunmi Adesina, the President of the African Development Bank, has revealed plans for a $1 billion climate adaptation initiative aimed at African youths, in collaboration with the Global Center on Adaptation.
This announcement was made during the African Climate Youth Assembly, tagged the ‘Youth Adapt’ initiative which took place ahead of the Africa Climate Summit in Nairobi, Kenya.
The objective is to offer initial funding to support the ideas and ventures led by young individuals.
The President of AfDB highlighted the program’s previous accomplishments, indicating that it had previously financed more than 33 businesses operated by African youths in 19 different countries.
Additionally, some of these businesses have gone on to achieve remarkable growth, recording profits exceeding 200 per cent.
