Africa’s impressive economic performance over the past decade has rekindled hopes for the continent’s future. The challenge for the region is to ensure this growth translates into effective poverty reduction, job creation and narrowing inequalities. Africa’s poverty rates have declined considerably, but serious disparities within countries and among different population groups remain. Today, African youth represent a disproportionate 60 per cent of the continent’s unemployed, and of these 40 million youth, 22 million, many of them women, have given up on finding a job. In countries such as Cameroon, Cape Verde, Ghana, Rwanda and Zambia, poverty is at least three times higher in rural than in urban areas.
Poverty reduction lies at the heart of everything UNDP does in Africa to advance human dignity and inclusive development. We help countries act on the multiple and interconnected dimensions of poverty and inequality by connecting people to livelihoods, secure food sources, better health care and higher standards of living, in addition to empowering them with the ability to make life choices. Read More
In Kenya, a joint programme between UNDP, Kenya’s Equity Bank and the Ministry of Trade is promoting women business owners through entrepreneurship training programmes that provide access to specially tailored financial products offered by Kenya’s Equity Bank. The programme has provided $5.4 million worth of loans to 350 women business owners.Learn more about our Poverty Reduction work