After successfully organizing the PhD workshop at the PEGNet online conference in March 2021, the Poverty Reduction, Equity and Growth Network decided to continue to support young researchers by creating an Early Career Mentoring Program. The program aims to accompany young researchers from developing countries for one year and to support them in their research and in developing a network for their professional career. Therefore, the young researchers are assigned to a senior researcher (mentor) from the Kiel Institute for the World Economy (IfW) who will be the main contact person during the program. Last week, the PEGNet Early Career Mentoring started with kick-off meetings that aimed at setting the goals for the mentoring program and identifying the individual needs of the three excellent mentees. We are very happy to announce that Mirriam Muhome Matita who is doing her PhD in Economics at the University of Malawi, Dede W. A. Gafa who recently completed her PhD in Development Economics at the University of Ghana, and Peter Babayenda who is doing his PhD in Economics at the University of Nairobi will be the first mentees of the PEGNet Early Career Mentoring.