YOUTH ENTREPRENEURSHIP AND INNOVATION MULTI-DONOR … · The Youth Entrepreneurship and Innovation...
Transcript of YOUTH ENTREPRENEURSHIP AND INNOVATION MULTI-DONOR … · The Youth Entrepreneurship and Innovation...
YOUTH ENTREPRENEURSHIP AND INNOVATION MULTI-DONOR TRUST FUNDHarness the power of youth through entrepreneurship and job creation
EMPLOI DES JEUNESEN AFRIQUE (EJA)
JOBS FOR YOUTHIN AFRICA (JFYA)
CONTENTS Context
This environment will exacerbate an already difficult situation and continue
to put pressure on poverty and migration figures. We cannot wait to act.
Why AfDB?In response to the youth unemployment and migration crisis, the African
Development Bank adopted the Jobs for Youth in Africa (JfYA) Strategy.
Its objective is to create 25 million jobs and equip 50 million youth with
employable and entrepreneurial skills by 2025. Since the adoption of the
JfYA strategy in 2016 the Bank has invested over USD 20 billion in 318
projects that will impact youth directly on skills, entrepreneurship, business
development and job creation in African countries.
Context
Why AfDB
The Yei Multi-Donor Trust Fund Donors
Governance
Areas of Interventions
Grant Beneficiaries
Geographical Reach
Impact
We are looking for solid partnersto scale up our on-going activities
Current donors
+12 Millionyouth enter the labor market
across the continent
Each year
yet only 3 millionjobs are created
Current estimates are that the number of youth will double to
850 millionby 2050
and that nearly
38%of youth in sub-Saharan Africawant to move permanently to another country 70%
Working poverty rate among youthin sub-Saharan Africa is at
and increasing
The Youth Entrepreneurship and Innovation Multi Donor
Trust Fund (YEI MDTF) is a grant vehicle that supports the
implementation of the Jobs for Youth Strategy. The trust fund
aims at addressing the unemployment gap by strengthening
the entrepreneurship ecosystem in Africa. Our objective is
to actively support youth create their own jobs and elevate
themselves from poverty.
The YEI Multi-Donor Trust Fund allows donors and partners
to leverage the Bank’s unique position and record of
accomplishment in responding to youth unemployment on the
continent. The presence of the development finance institution
in 54 African countries, and its proven ability to collaborate with
public and private institutions within the African context, will
accelerate the success of the trust fund.
The YEI Multi-Donor Trust Fund The Youth Entrepreneurship and Innovation Multi-Donor
Trust Fund (YEI MDTF) is a grant vehicle managed by
the African Development Bank to support the African
entrepreneurship ecosystem. Its objective is to promote
the creation of durable and sustainable jobs for youth
through entrepreneurship. It focuses its interventions on
equipping youth and women-led start-ups and micro, small
and medium enterprises (MSMEs) with skills and financial
support to run bankable businesses, as well as support
countries implement economic and social reforms to create
an enabling environment conductive to job creation.
DonorsCreated in 2017, the YEI MDTF has a lifespan of 5 years. The
initial anchor donors were the governments of Denmark and
Norway. Since then, the Trust Fund has gained increased
interest from the international community due to its impact on
youth and jobs, and in 2018, The Netherlands, Sweden and
Italy have also joined as donors. The Trust Fund achieved
an exponential growth, reflecting the strong and renewed
support from the international community in addressing youth
employment issues in Africa.
Youth Entrepreneurship andInnovation Multi-Donor Trust Fund 2
Youth Entrepreneurship andInnovation Multi-Donor Trust Fund3
US$ 40 Millionin one year (2018)
from
US$ 4.5 Million
Its resources increased ten (10) folds within one year (2018) reaching nearly US$ 40 million.
We encourage both sovereign and non-
sovereign donors to contribute to the
YEI Trust Fund in order to support the
African Development Bank address the
pressing challenge of youth and women
unemployment, poverty and migration
through entrepreneurship.
GovernanceThe Multi-Donor operates within the
Bank’s policies and regulations using
robust fiduciary safeguard systems under
the authority of the Board of Directors.
We are inviting our donors to take part
in the governance structure of the trust
fund, with the aim to provide a dynamic
multi-donor solution:
– The Oversight Committee,
comprised of representatives of
donors and the Bank, will provide
strategic guidance and overall
supervision of the YEI MDTF.
– A Technical Committee, comprised
of sector experts from relevant
departments of the Bank will be
charged with technical guidance of
the YEI MDTF’ activities and review
of all technical assistance proposals.
Areas of interventions• Business Development Services:
available to African youth and
women entrepreneurs through
training and mentoring on business
principles, financial management
and access to formality;
• Research and studies: expanding
knowledge and intelligence
focused on the most pressing
entrepreneurship issues to address
and explore adequate solutions and
dissemination of these;
• Policy dialogue and support: offered
to African countries to strengthen
their enabling environment
by implementing policies and
regulatory reforms supportive of
entrepreneurship, development of
MSMEs and jobs creation for youth.
Grant beneficiaries• Enterprise Support Organizations
e.g. incubators, accelerators
and financial intermediaries that
directly support youth and women
led-startups and Micro Small &
Medium Entreprises (MSMEs) in
running sustainable and bankable
businesses resulting in job creation;
• Local governments with capacity
and commitment to conduct
structural, economic and labor
reforms conducive to jobs creation
for youth.
• Research institutions, Think
Tanks and/or Universities in
order to produce innovative
solutions adjusted to the African
entrepreneurship context and reality.
Geographical reachAll African countries, with a particular
focus on Low Income Countries
(LOCs), fragile states and African
countries severely affected by
economic migration.
Impact• Reduced unemployment rate and
vulnerability among African youth
and women;
• Reduced youth poverty (working
youth that live on less $1.25 a day);
• Reduced international economic
migration flows;
• Improved quality of life for the
people of Africa.
4Youth Entrepreneurship andInnovation Multi-Donor Trust Fund
Donors
• DENMARK
• NORWAY
• SWEDEN
• THE NETHERLANDS
• ITALY
•• DEDENMNMARARKK
MINISTRY OF FOREIGN AFFAIRS OF DENMARK
We are looking for solid partners to scale up our on-going activities
The Bank continues its quest for
partners to scale up interventions and
drive the creation of the Jobs for Youth
in Africa. The Institution also aspires to
build long-term strategic and technical
partnerships to foster collaboration and
best practice transfer.
With continent-wide presence and
solid relations with local governments,
institutions and business communities,
the Bank will be a reliable partner
to facilitate dialogue with different
stakeholders, and to develop an
accessible, well-functioning and
inclusive financial sector that
fuels Africa’s social and economic
development.
Youth Entrepreneurship andInnovation Multi-Donor Trust Fund5
MUZIRA, TAPERA JEFFREY
Coordinator, Jobs for Youth in [email protected]
BDIOUI, ILYES
Chief Finance [email protected]
NDAO, JOSEPHINE
Chief Enterprise & SME Development [email protected]
MEET THE TEAM
Contacts: Email: [email protected]
Website: afdb.org
EMPLOI DES JEUNESEN AFRIQUE (EJA)
JOBS FOR YOUTHIN AFRICA (JFYA)