Youth Entrepreneurship & Innovation
Youth Entrepreneurship and Innovation Multi-Donor Trust Fund
The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund is the
principal grant facility to support the implementation of the Jobs for Youth in Africa Strategy
(2016-2025). Managed by the Bank’s Human Capital, Youth and Skills
Development Department, the Trust Fund aims to mobilize resources from
donors to support the growth of the entrepreneurship ecosystem in Africa
and create jobs for its youth. With a primary focus on entrepreneurship
in sectors where most Africans earn their living, the Youth
Entrepreneurship and Innovation Multi-Donor Trust Fund targets gender
disparities in economic opportunities by prioritizing women
entrepreneurs. The Trust Fund seeks to scale interventions outlined in
the Jobs for Youth in Africa Strategy through grant disbursement,
empowering youth-led start-ups, and micro, small, and medium enterprises
across the formal and informal economy.
Funded by contributions from the Netherlands, Denmark, Italy, Norway,
and Sweden, the Youth Entrepreneurship and Innovation Multi-Donor Trust
Fund has mobilised approximately $42.2 million. The period of
implementation extends to 31 December 2025, to align with the Jobs for
Youth in Africa Strategy.
Inormation on African Development Bank projects: MapAfrica
Contact
For more information, please contact yei@afdb.org.
Useful links
SOURCE: AfDB
LINK:
https://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/jobs-for-youth-in-africa/the-youth-entrepreneurship-and-innovation-multi-donor-trust-fundhttps://www.afdb.org/en/topics-and-sectors/initiatives-partnerships/jobs-for-youth-in-africa/the-youth-entrepreneurship-and-innovation-multi-donor-trust-fund
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