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The African Development Bank (AfDB)’s Youth Entrepreneurship Innovation Trust Fund (YEI)

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AfDB

The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI Trust Fund) is a trust fund launched in November 2017 under the auspices of Jobs for Youth in Africa, a Bank initiative in line with the Bank's High 5 priorities.

The YEI Trust Fund is intended to help implement the goals of the Jobs for Youth in Africa initiative, which are to create 25 million jobs and equip 50 million young men and women of working age with the skills they need to help them join the formal sector, by 2025.

The Fund, which is managed by the Agriculture, Human and Social Development division in the Human Capital, Youth and Skills Development Department, received an initial contribution from Denmark and Norway in 2017. Today, the Fund has reached nearly USD 40 million and welcomed the Governments of Sweden, The Netherlands and Italy as additional donors to its pool of donors.