Africa: U.S Makes Three-Year Commitment to African Entrepreneurs

obama south africa

President Obama and First Lady Michelle Obama land in South Africa

The U.S. African Development Foundation announced a three-year commitment July 3 to support President Obama’s Young African Leaders Initiative, beginning in October 2013.

The Initiative is President Obama’s effort to invest in the next generation of African leaders, launched in 2010. Its new flagship program, the Washington Fellowship for Young African Leaders, announced June 29, is designed to support young African entrepreneurs in ways that accelerate economic growth and strengthen democratic institutions across Africa.

The U.S. African Development Foundation will award up to 200 young Africans taking part in the Washington Fellows program from 2014 to 2016 with $25,000 entrepreneurship grants to initiate or expand their business and social enterprises in their home countries. USADF will help ensure that the opportunity to participate extends to the best and the brightest, even in remote and marginalized communities in Africa.

Obama announced the Washington Fellows program at a town hall meeting with students in Johannesburg, South Africa, in June. “We’ll focus on civic leadership and public administration and business and entrepreneurship, the skills you need to serve your communities and start and grow businesses and run effective ministries,” he said.

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Photo taken from: the New York Times


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