In Sub-Saharan Africa, 70% of the population is composed of young people.
Youth Entrepreneurship and Innovation Multi-Donor Trust Fund’
The African Development Bank Group approved the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund, which provide funding for youth entrepreneurship and innovation initiatives in Africa. The trust fund is administered by the Bank Group’s African Development Fund and will receive contributions from a number of donors, including the European Union, the Government of Japan, and the Government of Sweden. The trust fund supports a variety of initiatives aimed at promoting youth entrepreneurship and innovation in Africa, including training programs, seed funding for start-ups, and mentorship programs. The African Development Bank Group is committed to supporting youth entrepreneurship and innovation in Africa, and this trust fund will be an important part of that effort.