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Under the African Development Bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative, Microsoft is expanding its relationship with the African Development Bank to support Africa’s youth entrepreneurs.

Microsoft will collaborate with the bank through its African Transformation Office (ATO) to promote youth entrepreneurship ecosystems, create jobs, and significantly scale impact in Africa through digital inclusion.

  • Under the African Development Bank’s Youth Entrepreneurship Investment Banks (YEIB) Initiative, Microsoft is expanding its relationship with the African Development Bank to support Africa’s youth entrepreneurs.
  • Through a public-private partnership model, the alliance aims to assist the creation of national institutions that will scale up financial and technical support for young entrepreneurs and increase their capabilities.
  • The Youth Entrepreneurship Investment Bank will implement a funding scheme, a loan guarantee scheme, and practical assistance programmes in collaboration with private sectors and partners to strengthen service providers to entrepreneurs.

By 2050, Africa’s young population is predicted to double, …