Global tech giant Microsoft has announced an expanded partnership with the African Development Bank’s Youth Entrepreneurship Investment Bank (YEIB) Initiative to support young African entrepreneurs. Microsoft’s Africa Transformation Office has pledged to work with the bank to ensure growth in entrepreneurship ecosystems, create jobs, and scale impact in Africa through digital inclusion.
Through this initiative, the bank will bring together all relevant financial and non-financial parties and partners to play their respective roles in supporting youth entrepreneurs through mentorship, coaching, knowledge and experience sharing, and more. The Youth Entrepreneurship Investment Bank will also collaborate with players from both the public and private sectors to create a funding scheme and technical assistance programs to strengthen providers of services to entrepreneurs. The partnership also aims to improve SME digital literacy and business skills by creating access to curated learning content, certifications, business solutions, business skills, and specialized digital skills. This will be driven in partnership with LinkedIn and through skilling programs such as MS Learn and the Cloud Academy.