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<li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--first"> What we offer <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__second"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/index.htm">Overview</a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Loans <svg width="11" height="17" viewbox="0 0 11 17" fill="none" 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</div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/advisory-services/index.htm"> Advisory services </a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Mandates and partnerships <svg width="11" height="17" viewbox="0 0 11 17" fill="none" xmlns="http://www.w3.org/2000/svg"> <path d="M0 14.8775L6.43425 8.42915L0 1.98085L1.98085 0L10.41 8.42915L1.98085 16.8583L0 14.8775Z"></path> </svg> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/index.htm">Overview</a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/investeu/index.htm"> InvestEU </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/eu-blending-facilities/index.htm"> EU Blending facilities </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/donor-partnerships/index.htm"> Donor partnerships </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/products/mandates-partnerships/shared-management-funds/index.htm"> Shared management funds and financial instruments </a> </li> <li class="eib-mega-menu__item 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href="https://www.eib.org/en/projects/topics/energy-natural-resources/agriculture/index"> Agriculture and bioeconomy </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/sustainable-cities-regions/urban-development/affordable-and-sustainable-housing"> Social infrastructure </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/global/index"> High-impact global investment </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/topics/capital-markets-union/index"> Capital Markets Union </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--has-children eib-mega-menu__item--second"> Our regions of activity <svg width="11" height="17" viewbox="0 0 11 17" fill="none" 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href="https://www.eib.org/en/projects/region/western-balkans"> Western Balkans </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/eastern-neighbours/index.htm"> Eastern Neighbourhood </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/southern-neighbours/index.htm"> Southern Neighbourhood </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/region/sub-saharan-africa"> Sub-Saharan Africa </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/region/latin-america-caribbean"> Latin America and the Caribbean </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/region/asia-pacific"> Asia and the Pacific </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/efta/index.htm"> EFTA countries </a> </li> <li class="eib-mega-menu__item eib-mega-menu__item--third"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/regions/united-kingdom/index.htm"> UK </a> </li> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/map.htm"> Global investment map </a> </li> <div class="eib-mega-menu__third"> <div class="eib-mega-menu__container"> <span class="eib-mega-menu__back">back</span> <ul class="eib-mega-menu__list"> </ul> </div> </div> </div> <div> <li class="eib-mega-menu__item eib-mega-menu__item--second"> <a class="eib-mega-menu__link" href="https://www.eib.org/en/projects/cycle/index.htm"> Project 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href="https://www.eib.org/en/products/mandates-partnerships/mri/index.htm"> Mutual Reliance Initiative </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/rcfsn/index.htm"> Risk Capital Facility for the Southern Neighbourhood </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/cef/index.htm"> Connecting Europe Facility Debt Instrument </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/pf4ee/index.htm"> Private Finance for Energy Efficiency (PF4EE) </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/esif/index.htm"> ESIF Financial Instruments </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/donor-partnerships/index.htm"> Donor partnerships </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/innovfin/index.htm"> InnovFin - EU Finance for Innovators </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/boost-africa/index.htm"> Boost Africa </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/efsd/index.htm"> EFSD Guarantee </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/rrf/index.htm"> Recovery and Resilience Facility and financial instruments </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/innovation-fund/index.htm"> Innovation Fund </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/shared-management-funds/index.htm"> Shared management funds and financial instruments </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/efsd/index.htm"> EFSD Guarantee </a> </li> <li class=""> <a class="cursor-pointer " href="https://www.eib.org/en/products/mandates-partnerships/index.htm#mandates"> All mandates and partnerships </a> </li> </ul> </span> </li> </ul> </div> </div> </div> <h1 class="eib-title__title eib-typography__title ">Boost Africa</h1> <div class="eib-title__subtitle eib-typography__body "> <p>Boost Africa supports the creation of decent jobs, sustainable growth and poverty alleviation and helps achieve the Sustainable Development Goals through venture capital and technical assistance for young businesses in sub-Saharan Africa.</p> <p><span class="fa-info-circle fa-light"> </span> <strong>The programme is now fully deployed.</strong></p> </div> </div> <div class="eib-title__share">  <div class="eib-title__meta-line"> <div class="eib-title__meta-line__wrapper"> <div class="eib-title__meta-line_print btn-tooltip"> <button id="print-icon" class="btn-icon">Print <i class="fa-solid fa-print"></i></button> </div> <div class="eib-title__meta-line_share btn-tooltip"> <button class="btn-icon">Share <i class="fa-solid fa-arrow-up-from-bracket"></i></button> <span class="eib-icon-social-media toolip"> <a href="https://twitter.com/intent/tweet/?url=http://www.eib.org/products/mandates-partnerships/boost-africa/index" target="_blank" aria-hidden="true"><i class="fa-brands fa-x-twitter fa-xl"></i></a> <a href="https://facebook.com/dialog/share?app_id=1214650435266588&href=http://www.eib.org/products/mandates-partnerships/boost-africa/index" target="_blank" aria-hidden="true"><i class="fa-brands fa-facebook-f fa-xl"></i></a> <a href="https://www.linkedin.com/shareArticle?mini=true&url=http://www.eib.org/products/mandates-partnerships/boost-africa/index" target="_blank" aria-hidden="true"><i class="fa-brands fa-linkedin-in fa-xl"></i></a> <a href="mailto:?body=http://www.eib.org/products/mandates-partnerships/boost-africa/index" target="_self" aria-hidden="true"><i class="fa-solid fa-envelope fa-xl"></i></a> <a href="whatsapp://send?text=http://www.eib.org/products/mandates-partnerships/boost-africa/index" target="_blank" aria-hidden="true"><i class="fa-brands fa-whatsapp fa-xl"></i></a> </span> </div> </div> </div> </div> </div> </div> </div> </div> </div> </header> <main id="content"> <section id="62277891129490" class="eib-section eib-section--white contentText contentText__component "> <div class="eib-layout eib-layout--contained-col-8 eib-layout--align-left-contained eib-layout--single-column"> <div class="eib-content-text eib-typography__body eib-component--item"> <p>Africa has some of the world's fastest-growing economies and a young, fast-growing population. However, a consistent trend in young graduates leaving or failing to return home from abroad at the end of their studies is an increasing threat for the continent’s social and economic progress.</p> <p>Boost Africa, a joint initiative of the <a href="https://www.afdb.org/en">African Development Bank (AfDB)</a> and the European Investment Bank (EIB), addresses this by <strong>creating opportunities for young women and men in Africa</strong>. Launched in 2016, the programme received financial support in 2020 from the European Commission and the Organisation of African, Caribbean and Pacific States Secretariat (OACPS) under the <a href="https://commission.europa.eu/publications/11th-european-development-fund-cotonou-agreement_en">11th European Development Fund (EDF)</a>.</p> <p>Boost Africa stems from the belief that supporting entrepreneurship and innovation leads to higher living standards and social progress in Africa. Boost Africa supports affordable solutions for the poorest populations, from access to energy and healthcare to financial services, education and internet connectivity. The programme also supports start-ups to sustain the democratisation of the economy and create opportunities for all.</p> </div> </div> </section> <section id="71350673892945" class="eib-section eib-section--grey boxes boxes__component "> <div class="eib-layout eib-layout--contained eib-layout--single-column"> <section id="93656165088502" class="eib-boxes eib-component--item"> <div class="eib-layout--contained-col-8 eib-component--title"> <h3 class="eib-heading-3 ">Our impact</h3> <div class="eib-section-subtitle eib-typography__section-subtitle"> <p>By 31 December 2023, we invested <strong>€88 million</strong>, supporting <strong>15 000 jobs</strong> and mobilising close to <strong>€400 million new investment</strong>. Boost Africa has enabled African companies to become globally competitive by:</p> </div> </div> <div class="eib-layout eib-layout--thirds pl-0 pr-0"> <div class="eib-layout__row"> <div class="eib-layout__col "> <div class="eib-boxes__icons "> <span class="fa-stack fa-3x"> <i class="fal fa-chart-network fa-stack-1x" aria-hidden="true"></i> </span> <p class="eib-typography__card-body">boosting entrepreneurship and innovation across the continent </p> </div> </div> <div class="eib-layout__col "> <div class="eib-boxes__icons "> <span class="fa-stack fa-3x"> <i class="fal fa-user-hard-hat fa-stack-1x" aria-hidden="true"></i> </span> <p class="eib-typography__card-body">creating new and quality jobs </p> </div> </div> <div class="eib-layout__col "> <div class="eib-boxes__icons "> <span class="fa-stack fa-3x"> <i class="fal fa-solar-system fa-stack-1x" aria-hidden="true"></i> </span> <p class="eib-typography__card-body">developing an efficient entrepreneurial ecosystem in Africa </p> </div> </div> </div> </div> </section> <section id="18794401400893" class="eib-boxes eib-component--item"> <div class="eib-layout eib-layout--thirds pl-0 pr-0"> <div class="eib-layout__row"> <div class="eib-layout__col "> <div class="eib-boxes__icons "> <span class="fa-stack fa-3x"> <i class="fal fa-comment-alt-exclamation fa-stack-1x" aria-hidden="true"></i> </span> <p class="eib-typography__card-body">addressing financing gaps at the earliest and riskiest stages of business creation </p> </div> </div> <div class="eib-layout__col "> <div class="eib-boxes__icons "> <span class="fa-stack fa-3x"> <i class="fal fa-layer-group fa-stack-1x" aria-hidden="true"></i> </span> <p class="eib-typography__card-body">developing young entrepreneurs’ skills and expertise </p> </div> </div> </div> </div> </section> </div> </section> <section id="35272544609626" class="eib-section eib-section--white accordion accordion__component "> <div class="eib-layout eib-layout--contained-col-8 eib-layout--align-left-contained eib-layout--single-column"> <div class="eib-layout--contained-col-8 eib-component--title"> <h3 class="eib-heading-3 ">How Boost Africa works</h3> </div> <div class="eib-content-text eib-typography__body eib-component--item"> <p>The programme supports Africa’s young entrepreneurs, by encouraging them to:</p> <ul type="disc"> <li>create innovative and compelling modern businesses,</li> <li>increase the capacity for these businesses to compete regionally and globally,</li> <li>attract both domestic and foreign investment and diversify investor profile,</li> <li>contribute significantly to job creation and economic growth.</li> </ul> <p>Boost Africa focuses on <strong>youth and women</strong> as final beneficiaries. It also supports sectors where digital innovations can improve the quality of people’s lives, especially poorer households, by providing access to affordable products and services. Such areas include investment in Information and Communications Technology (ICT), agribusiness, financial services and financial inclusion, health, education and renewable energy.</p> <p>The programme consists of the following three components:</p> </div> <div class="eib-accordion eib-component--item"> <div class="eib-accordion-item "> <a href="#" class="heading"> <div class="icon"></div> <div class="title"> Investment programme </div> </a> <div class="content eib-typography__body"> <p>The Investment programme focused on venture capital funds to support the creation of innovative and highly scalable start-ups and small and medium companies.</p> <p>It aimed to support ecosystem builders that are able to generate first-rate opportunities in terms of quality, creativity, impact and innovation.</p> <p>The EIB invested in six venture capital funds under Boost Africa:</p> <ul> <li><a href="/en/products/equity/funds/tlcom-tide-africa-fund">TLCom Tide Africa</a></li> <li><a href="/en/products/equity/funds/partech-africa-venture-capital-fund">Partech Africa Venture Capital Fund</a></li> <li><a href="/en/products/equity/funds/cathay-africinvest-innovation-fund">Africinvest Venture Capital Growth Fund</a></li> <li><a href="/en/products/equity/funds/janngo-capital-startup-fund">Janggo Capital Startup Fund</a></li> <li><a href="/en/press/all/2022-097-eur-12-5-million-eib-backing-for-african-tech-start-up-fund-atlantica">Atlantica Venture Capital Fund</a></li> <li><a href="/en/press/all/2024-005-eib-global-announces-new-investment-in-seedstars-africa-ventures-i-a-venture-capital-fund-for-african-innovative-entrepreneurs">Seedstars Africa Ventures I</a></li> </ul> <p>Through this integrated approach, Boost Africa <strong>provides financial capital and developed skills and expertise</strong>, helping fund managers and entrepreneurs to effectively deal with the many obstacles that arise when building new funds and companies.</p> <p><span class="fa-info-circle fa-light"> </span><strong> The programme is now fully deployed</strong>.</p> </div> </div> <div class="eib-accordion-item "> <a href="#" class="heading"> <div class="icon"></div> <div class="title"> Technical Assistance Pool </div> </a> <div class="content eib-typography__body"> <p>The Technical Assistance Pool provides capacity building and disseminates best practices for:</p> <ul type="disc"> <li>investment readiness of intermediaries, especially first-time local fund managers, benefitting from an investment from the Boost Africa envelope, and</li> <li>business and technical training of investee companies/entrepreneurs</li> </ul> <p>Our technical assistance can support beneficiaries in any of the following areas: market analysis and growth, information technology (IT), talent acquisition, risk assessment and compliance, legal and tax structuring, deal structuring, environmental, social and corporate governance (ESG) management, investment management training, accounting and auditing, leadership, communication and public relations.</p> </div> </div> <div class="eib-accordion-item "> <a href="#" class="heading"> <div class="icon"></div> <div class="title"> Entrepreneurship Lab </div> </a> <div class="content eib-typography__body"> <p>The Entrepreneurship Lab (ELab) acts as a catalyst for innovation, knowledge, and partnerships by incubating and piloting promising new ideas. It is open to:</p> <ul type="disc"> <li>entities contributing to the development of entrepreneurship and innovation, such as incubators and accelerators,</li> <li>fund managers, and</li> <li>young entrepreneurs.</li> </ul> <p>ELab facilitates international linkages and knowledge transfer through partnerships with local or international research centres, universities, corporations and investors. It also seeks to strengthen regional networks of incubators, accelerators, and angel funds and other types of funds supporting innovative start-ups.</p> <p>ELab is managed by the <a href="https://www.afdb.org/en/documents/multinational-entrepreneurship-lab-technical-assistance-request" target="_blank">African Development Bank</a>.</p> </div> </div> </div> </div> </section> <section id="38851626641890" class="eib-section eib-section--white cardCarouselDynamicMedia cardCarouselDynamicMedia__component "> <div class="eib-layout eib-layout--contained eib-layout--single-column"> <div class="eib-layout--contained-col-8 eib-component--title eib-title--in "> <h3 class="eib-heading-3 ">Featured stories</h3> </div> <section class="card-carousel eib-carousel eib-carousel--enhanced eib-carousel--three-up "> <div id="73811097035770" class="card-carousel__content eib-carousel__container "> <div class='eib-layout'> <div class="swiper--contained"> <div class="eib-carousel__carousel swiper-initialized swiper-horizontal swiper-container eib-carousel"> <ul class="eib-carousel__items swiper-wrapper my-gallery" data-number-slide="4" data-display="card" itemscope itemtype="http://schema.org/ImageGallery"> <li class="eib-carousel__item swiper-slide"> <div class="eib-card ba253467-b684-499f-901d-4382226a3dbc" data-type="media" data-subType="stories" data-img-type="panorama"> <a class="eib-card__link" href="https://www.eib.org/en/stories/africa-venture-capital" > <div class="eib-card__image-wrapper" data-background-image="https://www.eib.org/photos/download.do?documentId=ba253467-b684-499f-901d-4382226a3dbc&binaryType=S4" style="background-image: url('https://www.eib.org/photos/download.do?documentId=ba253467-b684-499f-901d-4382226a3dbc&binaryType=S4');background-size:cover;background-position: center"> </div> </a> <div class="eib-card__content rmv-effective-text-card-card"> <header class="eib-card-header"> <div class="eib-card-meta"> <span class='eib-card-date'>28 October 2022</span> </div> <h3 class="eib-card-title eib--4-line mb-2"> <a class="eib-card-title__link" href="https://www.eib.org/en/stories/africa-venture-capital" >4 keys to African venture capital</a> </h3> </header> <div class="eib-card-text"> <p>Africa venture capital fund managers came together to figure out how to adapt the market to the needs of the continent. Here are their key takeaways</p> </div>  <footer class="eib-card-footer eib-card-tags"> <div class="eib-card-tags__items"> <span class="eib-btn-tag">Venture capital & equity</span> <span class="eib-btn-tag">Venture capital</span> <span class="eib-btn-tag">Boost Africa</span> <span class="eib-btn-tag">Partnerships</span> <span class="eib-btn-tag">Climate</span> <span class="eib-btn-tag">Mandates and partnerships</span> <span class="eib-btn-tag">Africa, Caribbean, Pacific countries + OCT</span> <span class="eib-btn-tag">South Africa</span> <span class="eib-btn-tag">Digitalisation and technological innovation</span> <span class="eib-btn-tag">Global development</span> <span class="eib-btn-tag">Climate and environment</span> </div> </footer> </div> </div> </li> <li class="eib-carousel__item swiper-slide"> <div class="eib-card 26fa8427-8aa6-4771-a90e-05587c3186b5" data-type="media" data-subType="essaies" data-img-type="panorama"> <a class="eib-card__link" href="https://www.eib.org/en/essays/climate-just-transition" > <div class="eib-card__image-wrapper" data-background-image="https://www.eib.org/photos/download.do?documentId=26fa8427-8aa6-4771-a90e-05587c3186b5&binaryType=S4" style="background-image: url('https://www.eib.org/photos/download.do?documentId=26fa8427-8aa6-4771-a90e-05587c3186b5&binaryType=S4');background-size:cover;background-position: center"> </div> </a> <div class="eib-card__content rmv-effective-text-card-card"> <header class="eib-card-header"> <div class="eib-card-meta"> <span class='eib-card-date'>7 June 2022</span> </div> <h3 class="eib-card-title eib--4-line mb-2"> <a class="eib-card-title__link" href="https://www.eib.org/en/essays/climate-just-transition" >A green transition</a> </h3> </header> <div class="eib-card-text"> <p>With a focus on climate, the just transition is an opportunity to create clean, green jobs and halt global warming</p> </div>  <footer class="eib-card-footer eib-card-tags"> <div class="eib-card-tags__items"> <span class="eib-btn-tag">Boost Africa</span> <span class="eib-btn-tag">Partnerships</span> <span class="eib-btn-tag">Jobs</span> <span class="eib-btn-tag">Mandates and partnerships</span> <span class="eib-btn-tag">Poland</span> <span class="eib-btn-tag">United Kingdom</span> <span class="eib-btn-tag">Africa, Caribbean, Pacific countries + OCT</span> <span class="eib-btn-tag">South Africa</span> <span class="eib-btn-tag">European Union</span> <span class="eib-btn-tag">United Kingdom</span> <span class="eib-btn-tag">Global development</span> <span class="eib-btn-tag">Climate and environment</span> <span class="eib-btn-tag">Energy</span> </div> </footer> </div> </div> </li> <li class="eib-carousel__item swiper-slide"> <div class="eib-card aG-AirbVUqU" data-type="media" data-subType="genericVideos" data-img-type="youtube"> <a class="eib-card__link" href="https://www.eib.org/en/videos/boost-africa-video" > <div class="eib-card__image-wrapper" data-background-image="https://img.youtube.com/vi/aG-AirbVUqU/hqdefault.jpg" style="background-image: url('https://img.youtube.com/vi/aG-AirbVUqU/hqdefault.jpg');background-size:cover;background-position: center"> <div class="eib-play-icon"></div> </div> </a> <div class="eib-card__content rmv-effective-text-card-card"> <header class="eib-card-header"> <div class="eib-card-meta"> <span class='eib-card-date'>21 November 2016</span> </div> <h3 class="eib-card-title eib--4-line mb-2"> <a class="eib-card-title__link" href="https://www.eib.org/en/videos/boost-africa-video" >Boost Africa: empowering young African entrepreneurs</a> </h3> </header> <div class="eib-card-text"> <p><a href="/eib.org/projects/regions/acp/applying-for-loan/boost-africa/index">Boost Africa</a>, a joint initiative between the European Investment Bank and the African Development Bank, targets Africa’s start-ups and high-growth companies and focuses on sectors where innovations can improve the quality of people’s lives. Boost Africa will create new and good jobs in Africa, in particular for youth and women through innovative investments.</p> </div>  <footer class="eib-card-footer eib-card-tags"> <div class="eib-card-tags__items"> <span class="eib-btn-tag">Boost Africa</span> <span class="eib-btn-tag">Partnerships</span> <span class="eib-btn-tag">Diversity and gender</span> <span class="eib-btn-tag">Mandates and partnerships</span> <span class="eib-btn-tag">Africa, Caribbean, Pacific countries + OCT</span> <span class="eib-btn-tag">South Africa</span> <span class="eib-btn-tag">Innovation</span> <span class="eib-btn-tag">Digitalisation and technological innovation</span> <span class="eib-btn-tag">Global development</span> </div> </footer> </div> </div> </li> <li class="eib-carousel__item swiper-slide"> <div class="eib-card f94f7578-4e00-4431-b4ab-387a77befb74" data-type="media" data-subType="stories" data-img-type="panorama"> <a class="eib-card__link" href="https://www.eib.org/en/stories/boost-africa-blog" > <div class="eib-card__image-wrapper" data-background-image="https://www.eib.org/photos/download.do?documentId=f94f7578-4e00-4431-b4ab-387a77befb74&binaryType=S4" style="background-image: url('https://www.eib.org/photos/download.do?documentId=f94f7578-4e00-4431-b4ab-387a77befb74&binaryType=S4');background-size:cover;background-position: center"> </div> </a> <div class="eib-card__content rmv-effective-text-card-card"> <header class="eib-card-header"> <div class="eib-card-meta"> <span class='eib-card-date'>21 November 2016</span> </div> <h3 class="eib-card-title eib--4-line mb-2"> <a class="eib-card-title__link" href="https://www.eib.org/en/stories/boost-africa-blog" >Africa venture capital: Turbo-charging economic development </a> </h3> </header> <div class="eib-card-text"> <p>Africa is set for a technology revolution over the coming years. 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