In a milestone event for the continent’s economic history, Liberia has officially launched the Youth Entrepreneurship Investment Bank (YEIB), a pioneering institution aimed at transforming the reality of millions of young Africans facing unemployment and a lack of opportunities. Held in the capital, Monrovia, the launch brought together young leaders, emerging entrepreneurs, and national and international authorities. The ceremony was presided over by Liberian President Joseph Nyuma Boakai Sr. and African Development Bank (AfDB) President Dr. Akinwumi Adesina. Both leaders emphasized the importance of the project in fostering inclusive and sustainable development focused on Africa’s youth potential.
The YEIB targets individuals aged 18 to 35—a demographic that accounts for more than 75% of Africa’s population. With a clear focus on supporting youth-led enterprises, the bank aims to fund 30,000 new businesses and create 120,000 jobs, both direct and indirect. Key sectors include agriculture, agro-industrial processing, digital technology, mining, and tourism. The bank’s initial capital stands at $17.1 million—$15.9 million from the African Development Fund and $1.2 million in logistical and in-kind contributions from the Liberian government. Operations are expected to begin in early 2026. In addition to financing, the YEIB will offer technical assistance, business support, and project monitoring systems to ensure sustainable success.
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Liberia is not alone in this effort. Countries such as Nigeria, Ethiopia, and Côte d’Ivoire have adopted or are developing similar models to promote youth entrepreneurship. This collective strategy reflects a young, creative, and ambitious continent eager for real opportunities to transform lives and economies.
The African Development Bank has maintained a long-standing partnership with Liberia, investing more than $1.02 billion since 1967. The AfDB currently manages 18 active projects in the country, worth a total of $314.77 million, focused on key areas such as energy, infrastructure, and agriculture. AfDB President Dr. Adesina emphasized that the YEIB marks a new phase in the bank’s commitment to Africa’s development—especially the economic inclusion of its youth.
For President Boakai, the launch of the YEIB is a historic opportunity for both Liberia and Africa. “Our youth have the energy, talent, and ideas; now they have the opportunity and support to turn them into reality,” he said. This bank goes beyond funding. It offers training, guidance, and support systems that will empower young entrepreneurs to navigate modern economic challenges and build sustainable businesses that drive national and continental growth.
