Zimbabwe to benefit from US$7,3mln AfDB youth fund

Business Reporter
ZIMBABWE is set to benefit from over US$7,3 million availed under the African Development’s (AfDB’s) Youth Entrepreneurship and Innovation Multi-Donor Trust Fund.

Between June and July this year, an AfDB technical review committee approved eight project proposals to receive funding in a milestone for its Jobs for Youth in Africa Strategy.

The regional financier has said the youth empowerment initiative would create an estimated 20 000 jobs across the continent.

“Approved proposals will receive grant funding of more than US$7,3 million to operationalise their activities, creating several new enterprises and an estimated 20 000 jobs for youth across the continent,” it said in a latest statement.

“Approved projects include business development support for agricultural entrepreneurs selling online in Malawi and Zimbabwe, training to help staff members of Libya’s Ministry of Labour better meet the needs of young entrepreneurs including women and people living with disabilities.”