With an ever growing population, Green jobs in Africa will most likely be the alternative to turn down the unemployment rate in the upcoming years. According to the International Labor Organization (ILO), this ecological transition will
Choose Africa: a project that helps the African SME
The Choose Africa initiative was launched in Dakar on march 29, 2019 and aims at speeding up SME growth, VSE and start ups in Africa. This French Development Agency (FDA) project shall provide them with a whole lot of tools to fund them and better assist them in their development. Therefore, an envelope with 2.5 billion of euros will be dedicated to supporting african entrepreneurs by 2022.
The French Development Agency (FDA) plan on supporting and endorsing start ups, African VSE and SME but also indirectly support the financial institutions established in the continent throughout its subsidiary Propacor which is dedicated to the private sector. In order to make that happen, the agency launched on March 29, 2019 at the Chamber of trade in Dakar the Choose Africa initiative which has the ambition to finance and support the development of those businesses. The goal behind it? to support a total of 10.000 companies , from which 600 are stake helds, priority given to small african establishments. Paris has released 2.5 billion of euros as loans to invest in businesses, from now on until 2022.
This help will be provided throughout the different steps of the development thanks to fundings necessary to meet with the needs of the entrepreneurs (own funding and tools to help getting loans), but also technical endorsement to train businesses on environmental or social practises like for example ways to develop a favorable ecosystem for entrepreneurship. There will be a full monitoring of the whole process.
A reassertion of the French commitment
The fact that the French Minister of Finances Bruno Le Maire was present at the Choose Africa launching reaffirms the commitment of France to support the sustainable development of Africa. On November 2017, the president of the republic of France had already proven its willingness to support the continent by giving 1 billion of euros from its own funds to African startups, VSE and SME in Ouagadougou. The French government has been relying on the FDA on the last 40 years to maintain this commitment and endorse entrepreneurial revolution and innovation in Africa.
Entrepreneurial revolution and innovation
Indeed, more than 450 millions of young people will enter the job market in Africa by 2050. Which in other words represent an opportunity for the growth of the continent but also a challenge both for the African countries and the world. Africa is the continent of entrepreneurship. It has the highest rate of entrepreneurs. Startups and SME will definitely play a key role in catching the attention of a job seeking youth: those structures create a lot of jobs (60% formal jobs and represent 90% of formal businesses) and play a decisive role in creation, economic growth and innovation.
However, until now the lack of funding has been an obstacle and has slowed down local entrepreneurs prospects by restraining their potential. For example, at the moment only 20% of the SME have had bank loans and 87% of start-ups haven’t had any funding. Knowing that it is essential to offer fundings and appropriate help to bring change and make those obstacles disappear for the sake of development. Something that Choose Africa plans on handling very soon.
C.cluzel
Africa, the new found playground for tech giants
Today, Africa is the continent where all the biggest tech companies of the world are counting on. Thanks to those new establishments, lots of new jobs are to come for the local people.
Talent2Africa organizes the SENEGAL LEADERSHIP FORUM
In order to facilitate the meeting of the African talents of the Diaspora with African companies in the making, Talent2Africa organizes in Paris, on July 5, 2019, the SENEGAL LEADERSHIP FORUM, the largest B to B event in Europe dedicated to Senegal.
What type of diaspora talent is better to recruit?
The human resources demand in Africa is still very strong. However, companies have difficulties to recruit local talents and often recruit expats. With an economic growth more and more important, international firms settle in…
5 questions to ask during a job interview
Even though it is after all, the role of the recruiter to ask questions to the candidate to find out if his profile and personality can be a good fit for the vacancy, it is also important for the candidate to do as well. Asking questions to the recruiter allows you to clarify certain points whether it is about the mission itself or about the work method inside the structure, it also shows your interest and commitment to the job.
Job description: a tool that is at the heart of HR process
A job description used to be unmissable but now it became completely “essential” to the HR manager. But what do we need it for? What difficulties of elaboration are the HR people really facing?What could be the consequences of a poorly elaborated job description? You will find the answers below!!
The Corporate Social Responsibility in africa, a multifaceted challenge
As a new dynamics in Africa, the Corporate Social Responsibility, or CSR, has a strategic and economic strake for firms. Nevertheless, the concept is poorly understood by a large majority of business leaders and…
How to exploit the new skills brought by the talents of the diaspora?
With a sustainable growth of the African companies contribution, such private as state ones, in the continental economy, the human resources return from a foreign experience allows a practices and knowledge’s sharing, important aspect…
Talent2Africa participates in the Forum of African Diasporas
Talent2Africa is pleased to announce its participation in the 2nd edition of the Forum of African Diasporas. This event, whose main objective is to promote the African diaspora, will take place at the gates of Paris at the Belfry of Montrouge on June 21, 2019.