Through its “All In This Youth Month” platform, Absa today announced the launch of the Absa Youth Entrepreneurship Fund (AYEF), an initiative designed to help young South Africans turn ideas into businesses, and businesses into sustainable sources of jobs and economic growth.
AS South Africa marks the 50th anniversary of the 1976 Youth Uprising, Absa has launched a new fund to help young entrepreneurs build businesses that can create jobs and support economic growth.
Through its “All In This Youth Month” platform, Absa today announced the launch of the Absa Youth Entrepreneurship Fund (AYEF), an initiative designed to help young South Africans turn ideas into businesses, and businesses into sustainable sources of jobs and economic growth.
The Absa Youth Entrepreneurship Fund builds on Absa’s broader commitment to youth development and economic inclusion. Over the past five years, the bank has invested more than R639 million in community programmes, positively impacting 1.7 million people.
The Fund is positioned as a direct response to persistent barriers facing young entrepreneurs such as limited access to funding, networks, mentorship and markets. The Fund will provide grant-based funding, structured business support and access to Absa’s enterprise network.
