Samsung Electronics has signed a 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.
In terms of the agreement, Samsung will provide financial support and work with IYF to find ways to utilise its technology and expertise to help address the employment needs of Africa's youth.
The proposed projects will have a lasting impact on thousands of young people on the African continent and present an opportunity through which Samsung's local employees can be directly involved.
"Samsung's core philosophy is about devoting our talented people and technologies to produce the best products and services to contribute to global society," says Chiwon Suh, president and CEO of Samsung Middle East and Africa. "Through this partnership, we hope to empower Africa's young people and help them fulfil their dreams and aspirations for a better future for themselves and their communities."