AfDB's YouthADAPT Awards Honor Climate Innovators in 4IR

The African Development Bank (AfDB) and the Global Centre on Adaptation recognized the success of the YouthADAPT program, an annual competition for young entrepreneurs pushing climate change adaptation solutions in Africa, in a landmark event hosted on the margins of COP28 in Dubai. This year's emphasis was on female-owned businesses that are pioneering Fourth Industrial Revolution (4IR) technology.

Since its inception in 2021, the project has distributed over $5 million to 33 young entrepreneurs from 19 African countries. The beneficiaries of this year's prizes will not only get financing, but will also be part of a 12-month accelerator program that will include extensive mentorship and coaching.

Dr. Akinwumi Adesina, President of the African Development Bank, emphasized the need of utilizing youth ideas and innovation to improve lives and national prosperity. He stressed his commitment to creating 25 million employment for African youth through programs such as the YouthADAPT program.

Professor Patrick Verkooijen, CEO of the Global Centre on Adaptation, emphasized the necessity of developing African youth talent, claiming that young people held the key to unlocking the continent's economic potential.

Cheryl Urban, Canada's Assistant Deputy Minister for Sub-Saharan Africa, praised the African Development Bank's YouthADAPT initiative during a panel discussion, acknowledging its critical role in scaling up youth-led climate enterprises and innovations.

Dr. Beth Dunford, AfDB Vice President for Agriculture, Human, and Social Development, emphasized the significance of assisting businesses in combating climate change and reducing financial hurdles, particularly for women. The YouthADAPT program is a vow to invest in young and construct a prosperous future for Africa.