Baltimore, Maryland, USA -- Samsung Electronics Co., Ltd., a market leader and award-winning innovator in consumer electronics, has signed a new partnership agreement with the International Youth Foundation (IYF) to address youth unemployment in Africa as a part of its corporate social responsibility commitment in the region.

 

The nations of Africa face many challenges in their development efforts. Fundamental to addressing them is working to increase economic activity, particularly by promoting job skills and preparing young people for successful, long-term careers. The new collaboration will implement a multiple phase youth employment and entrepreneurship program. Phase I will begin immediately in Egypt, Kenya, Nigeria, and South Africa, and expands on current IYF programs in each country. Under the agreement, Samsung will provide financial support and work with IYF to find ways to utilize its cutting-edge technology and expertise to help address the employment needs of Africa’s youth.

“IYF believes that the core values of the Samsung Electronics are very well aligned with our own approach to youth development,” said IYF President and CEO, Bill Reese. “Samsung’s decision to focus on youth unemployment for this initiative is insightful and visionary, and we are delighted to begin working with the Samsung team.”