Given the impact on young businesses caused by the Covid-19 crisis in Africa, the African Union Commission (AUC) and the Economic Commission for Africa (ECA) in collaboration with the African Development Bank (AfDB) and the World Bank (WB) have set up the “AFRICAN LEADER OF TOMORROW” program to give more tools to young African entrepreneurs in order to face current and future challenges depending on the context. An envelope of 3 billion American dollars was thus disbursed to provide financing to young companies and projects that could bring added value to the African economy. the program is intended to be simple to facilitate access to financing, all you need to do is register for the Mansah-Africa program to follow its certified program and submit your project to obtain financing.
Mansah Africa is a program focused on the empowerment of Africa. As a majority of African countries diversify their traditional sources of income, entrepreneurship is increasingly seen as the key to economic growth. So far, entrepreneurship has generated huge profits for entrepreneurs and, according to experts, there is huge untapped potential to lead the African continent into its next phase of development. Unemployment on the continent is also worrying. A 2013 study by the Brookings Institution, a Washington, DC-based think tank, found that African youth (15-24 years old) constitute about 37% of the working-age population. However, the same age group represents around 60% of the unemployed in Africa. “Success breeds success: as many entrepreneurs progress, more join us. Additionally, technological inventions attract entrepreneurs. » “The mentality has changed and many young people now think like employers. Many African governments have created opportunities in terms of financing and market access.