KPMG was selected by the African Development Bank to provide an analysis of the youth entrepreneurship market in Africa – analyzing the demand for and supply of financial and non-financial services for youth-led businesses.
The lack of investment, affordable access to finance and quality business development services is hindering the success of young entrepreneurs.
Traditional banks and financial institutions are reluctant to fund young entrepreneurs, particularly start-ups and innovative enterprises due to the real and perceived risks and lack of collateral.
This also involves an assessment of: the financial and commercial feasibility; interest in providing financial services to youth-led businesses in Africa; and developing business case/scenarios for AfDB’s intervention. KPMG aims to develop operational plans and business cases to establish Youth Entrepreneurship Investment Banks in 10 pilot countries.
