What is the Youth Enterprise Fund(YEF)?

Swaziland Youth Enterprise Revolving Fund (YERF) is a Category A Parastatal that was established by the Government of the Kingdom of Swaziland in 2009 in response to the vision of His Majesty King Mswati III. The company was established through legal notice No.179 of 2009. It is further regulated under the Public Enterprises (Control & Monitoring) Act of 1989. The Parastatal is under the Ministry of Sports Culture & Youth Affairs. The main purpose of the Fund is to promote youth employment and alleviate poverty among young people between the ages of 18 to 35 years old.



The mandate of the Youth Enterprise Revolving Fund

 

To assist Swazi youth to develop themselves economically. The Youth Enterprise Fund therefore seeks to:

  • Empower the youth to engage in economic and commercial enterprises. 
  • Empowering the youth to be self-sustainable.
  • Facilitating the provision of skills development for loan recipients.
  • Providing capacity development and mentorship to youth owned enterprises
  • Providing seed capital  to the youth without the need for collateral
  • Financing the growth of existing youth enterprises
  • Improving linkages for youth enterprises with relevant stakeholders

 

Our Vision


Our Mission

 

 

 

 

 

Our Key Strategic Pillars

 

Governance

 

The fund management comprises of a multi-sectoral management advisory board at the governance level and the Fund Manager at the executive level. The advisory board reports directly to the Minister of Sports Culture and Youth Affairs as the shareholder representative.

 

Location

 

The offices of the Fund are located in the capital city of Mbabane in the Hhohho Region along Karl Grant Street, Rhus Office Park (Old MTN Headquarters).