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EU Trust Fund for Africa: Greater economic opportunities

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Thursday, 20 December 2018

EU Trust Fund for Africa: Greater economic opportunities

The EU Emergency Trust Fund for stability and addressing root causes of irregular migration and displaced persons in Africa, aims to increase economic and employment opportunities and inclusion for youths and vulnerable groups. This is being achieved by increasing their social and professional skills as well as enhancing effective job creation for young people. Support is being provided to existing and new micro-small and medium sized enterprises (MSMEs) integrate into local and regional value chains and access markets, as well as improving the local business environment and financial inclusion, in order to boost self-employment for young people. Employment opportunities for young people are being created, with a better business environment and increased skills or young people, promoting stability, inclusive economic growth, social cohesion and development in selected regions of migration origins and regions with high growth potential. Fact box: 238 108 jobs created 375 MSMEs supported 279 384 people assisted to develop economic income-generating activities 214 455 people benefiting from professional trainings (TVET) and/or skills development

Source: ec.europa.eu