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Acumen Africa Inclusive Work Initiative

IATI Identifier: US-EIN-134166228-NL-KVK-30114696-CFYE-SEM1144

Published on IATI
  • date_range Jun 01, 2022 - Jun 30, 2025
  • autorenew Implementation (Status)

Empowering Africa’s young people with decent, quality jobs is critical to achieving just, green and inclusive societies. This is why Acumen East and West Africa are partnering with the Challenge Fund for Youth Employment (CFYE), funded by the Netherlands Ministry of Foreign Affairs, between 2022-25 to find and invest in youth-inclusive business models under our Inclusive Work Initiative (IWI). Under the initiative, Acumen aims to cultivate, scale and invest in 20 inclusive businesses that are targeting the creation and improvement of 15,000 jobs for African youth , with 50% targeted for women. For all investments in East and West Africa between 2022-25, Acumen will apply a youth employment lens to track the number of youth (under the age of 35) employed by our companies. We will also offer targeted technical assistance to support these businesses to hire and retain more youth employees.

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Sectors:

  • Social services (incl youth development and women+ children)

  • Small and medium-sized enterprises (SME) development

  • Business development services

  • Rural development

Participating Organisations

Acumen International NGO Implementing
Netherlands - Ministry of Foreign Affairs International NGO Funding
Palladium Europe International NGO Accountable

Transaction

Transaction Value Provider
Receiver 		Type Date
1,120,996 USD Provider N/A Receiver N/A Incoming Funds
date_range Nov 13, 2023
714,124 USD Provider N/A Receiver N/A Incoming Funds
date_range Mar 10, 2023
22,628 USD Provider N/A Receiver N/A Incoming Funds
date_range Nov 30, 2022
495,189 USD Provider N/A Receiver N/A Incoming Funds
date_range Nov 30, 2022

Budget

5,358,259 USD
  • 1,721,667 EUR (Valued at Jun 01, 2022)
    date_range Jul 01, 2022 - Jun 30, 2023
  • 1,546,667 EUR (Valued at Jun 01, 2022)
    date_range Jul 01, 2023 - Jun 30, 2024
  • 1,056,667 EUR (Valued at Jun 01, 2022)
    date_range Jul 01, 2024 - Jun 30, 2025
  • 175,000 GBP (Valued at Jun 01, 2022)
    date_range Jul 01, 2025 - Nov 30, 2025
  • 500,000 EUR (Valued at Jun 01, 2022)
    date_range Jun 01, 2022 - Jun 30, 2022
access_time Updated on Feb 27, 2024 16:10:46