Boost Africa aims to harness the continent's potential and create opportunities on the ground to prevent the “flight of talent” to the north.

The Boost Africa initiative provides for a global volume of around 250 million euros and aims to leverage up to 1 billion euros in additional investments, to support 1,500 small and medium-sized enterprises (SMEs) and thus create 25,000 direct jobs and at least 70,000 indirect jobs. Concretely, the mobilization will take place in the form of equity and not in the form of a loan, which is more beneficial for companies in the start-up phase. The focus will be on six main high-resource sectors, namely ICT, agri-food, financial services, health, education and renewable energies

Madagascar is eligible. The invested funds will be distributed across countries and injected into intermediary financial bodies such as seed funds, accelerator and incubator funds, bridge funds, “business angels”, community investment platforms and venture capital funds which, in turn, will provide capital to companies with high growth potential, the ADB indicates