Italy contributes €5.5m to AfDB’s youth fund for economic growth

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Italy contributes €5.5m to AfDB’s youth fund for economic growth
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The African Development Bank has welcomed a contribution of 5.5 million Euros from Italy for its Youth Entrepreneurship and Innovation

”By the start of 2023, the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund facilitated the creation of more than 68,500 direct jobs for youth in Africa.

”The Trust Fund has also empowered more than 12,000 young entrepreneurs who have gone on to transform their business plans and contribute to economic growth,” it said. The AfDB founded the Youth Entrepreneurship and Innovation Multi-Donor Trust Fund in 2017, to promote innovation and entrepreneurship and create durable and sustainable jobs for youth on the continent.

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