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The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund - Annual Report 2018
Without a doubt, Africa’s youth are the beating heart of the continent. Current estimates are that the number of youth will double to 850 million by 2050. They are Africa’s most valuable, innovative and dynamic resource to ensure its economic and social change and sustainable development. Yet today, young people are more likely to be unemployed or insecurely employed: last hired and first fired. The working poverty rate among youth in sub-Saharan Africa is at nearly 70% and rising. This situation needs to urgently change. It becomes imperative that Africa’s youth embrace its own inspirations. They need to find the support and resources to take the necessary risks to transform their ideas into innovations and their innovations into sustainable businesses. The Youth Entrepreneurship and Innovation Multi Donor Trust Fund (YEI MDTF) provides Africa’s youth the opportunity to create their own jobs, their own future and their own destiny through entrepreneurship and innovation.