Social Media | 1:12 min | 2025
Africa’s SMEs are the backbone of the continent’s economy, driving up to 90% of all businesses and creating the majority of jobs. Yet many remain informal, limiting their access to finance, social protection and the tools they need to grow.
Under Global Gateway, the EU is working to change that. The Investing in Young Businesses in Africa (IYBA) programme is designed to help entrepreneurs formalise, scale and thrive – by combining the right financial instruments with skills, training and an enabling business environment.
