The President of the African Development Bank (AfDB) has announced the establishment of investment banks for young entrepreneurs. These banks will help develop youth capital among Africa's young populations.

According to President Akinwumi Adesina, the banks, which will be rolled out by the end of this month, will act as new financial institutions that will create support systems around businesses and entrepreneurs.According to President Akinwumi Adesina, these banks, which will be deployed by the end of this month, will act as new financial institutions that will create support systems around youth enterprises, financing their activities in a lifecycle model from technical assistance to credit and capital financing. He was speaking at the Commonwealth Business Forum 2022 in Kigali, the capital of Rwanda. He stressed that the real challenge is to create youth-based wealth.