Rendeavour Signs MOU With USAID To Support African Youth
22 September 2016
On the margins of the UN General Assembly, and in support of President Barack Obama’s signature effort to invest in the next generation of African leaders, Rendeavour signed a Memorandum of Understanding with the U.S. Agency for International Development (USAID) to foster youth leadership opportunities that promote growth and strengthen Africa-based business and entrepreneurship, civil society, and public administration.
The Young African Leaders Initiative (YALI) is a U.S. government program managed by the U.S. Department of State, USAID, and the U.S. African Development Foundation to support young African leaders as they spur growth and prosperity, strengthen democratic governance, and enhance peace and security across Africa.
Rendeavour’s in-kind contribution of $1 million to the YALI project demonstrates the company’s commitment to developing Africa’s future leadership through mentorship, skills training, and professional development opportunities. “We believe that building tomorrow’s cadre of African leaders is the highest-impact way to develop sustainably,” says Frank Mosier, Rendeavour’s chairman. “With more than 200 million young people on the continent, the key to Africa’s success lies in preparing its next generation for economic and political leadership.”