The Boost Africa project, a joint initiative by the European Investment Bank (EIB) Global and the African Development Bank (AfDB), aims to support young African entrepreneurs in building innovative businesses. It seeks to enhance their competitiveness, attract investment, and create jobs across the continent.

• The program commits a combined €100 million (Sh15 billion) from EIB Global and AfDB, targeting a total mobilization of €200 million (Sh30 billion) and leveraging an additional €1 billion (Sh150 billion) in investments.
• Edward Claessen, Head of EIB Global's Regional Representation East Africa, highlighted the project's focus on innovative and scalable start-ups and SMEs.
• The project includes an investment program, technical assistance pool, and an entrepreneurship lab to provide financial capital, capacity building, and foster innovation among fund managers and entrepreneurs.