Africa Union heads of states adopt the creation of Africa Youth Development Fund

From left- Pan African Youth Union President ,Ms. Francine Muyumba, , H.E Teodoro Nguema Obiang Mangue Equitorla Guinea First Vice President, H.E Alpha Conde, President of the Republic of Guinea and Chair of the Africa Union, H.E Idriss Deby Itno, President of the Republic of Chad, H.E Hinda Debby Itno and H.E Moussa Faki Mahamat , Africa Union Commission Chairperson

During the 29^th Heads of States and Governments Summit in Addis Ababa Ethiopia, for the first time in the history of the African Union, a budget for the youth was allocated under the African Youth Development Fund for USD 7 Million, one percent of the African Union budget to fast track African youth activities.

The funds will be used to Strengthen the capacity building of the Pan African Youth Union and National Youth Councils as well as the African Union Youth Volunteers programmes. 70% the Fund will be used to finance youth entrepreneurial Projects (Start-up projects).